BCB Resolution No. 243 — Amends the Regulation Annex to BCB Resolution No. 105 to Authorize Maintenance of Reserve Bank or Settlement Accounts by Institutions Under Extrajudicial Liquidation

BCB RESOLUTION NO. 243, OF SEPTEMBER 14, 2022

Amends provisions of the Regulation Annex to BCB Resolution No. 105, of June 9, 2021, which governs the operation of the Reserve Transfer System (STR), the Reserve Bank Account, and the Settlement Account at the Central Bank of Brazil, to authorize the maintenance of the Reserve Bank Account or the Settlement Account by an institution subject to extrajudicial liquidation.

The Collegiate Board of the Central Bank of Brazil, in a session held on September 14, 2022, based on art. 10, item IV, of Law No. 4.595, of December 31, 1964, art. 10 of Law No. 10.214, of March 27, 2001, and the provisions of arts. 8, 9, and 12 of CMN Resolution No. 4.952, of September 30, 2021,

RESOLVES:

Art. 1 The Regulation Annex to BCB Resolution No. 105, of June 9, 2021, shall enter into force with the following alterations:

“Art. 7 ............................................................................................................

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§ 2 .................................................................................................................

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II - the participant holders of a Reserve Bank Account under intervention, extrajudicial liquidation, or temporary special administration regime, as provided for in Law No. 6.024, of March 13, 1974, and Decree-Law No. 2.321, of February 25, 1987.” (NR)

“Art. 13 ..........................................................................................................

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§ 2 The provisions of § 1 do not apply to participants under intervention, extrajudicial liquidation, or temporary special administration regime until the intervention officer, liquidator, or board of directors formalizes with the STR manager one of the actions provided for in art. 25, sole paragraph, item II, of this Regulation.” (NR)

“Art. 25 The declaration of intervention, extrajudicial liquidation, or temporary special administration regime, as provided for in Law No. 6.024, of 1974, and Decree-Law No. 2.321, of 1987, does not prejudice the participant status of the institution covered by the corresponding act, and the liquidator may opt to maintain the existing Reserve Bank or Settlement Account held by the institution in extrajudicial liquidation.

Sole paragraph .............................................................................................

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II - the operation of participants with primary access via RSFN shall be carried out in contingency regime until the intervention officer, liquidator, or board of directors, as applicable, informs the STR manager:

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(NR)

“Art. 44 ..........................................................................................................

I - in the event of ordinary liquidation, civil insolvency, bankruptcy, or, whenever applicable, change of corporate purpose of its holder; and

II - .....................................................................................................................

a) at the discretion of the Central Bank of Brazil, in the event that the holder fails to comply with current regulations or when the extrajudicial liquidation of the holder is closed; and

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§ 2 .................................................................................................................

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V - at any time, at the discretion of the Central Bank of Brazil, in cases of account closure due to non-compliance with current regulations or due to the closure of extrajudicial liquidation.

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(NR)

“Art. 47 ..........................................................................................................

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§ 5 .................................................................................................................

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II - shall be automatically cancelled by the system in the event of exclusion or suspension of the participant, or at the time of the declaration of intervention, extrajudicial liquidation, or special administration regime, observed the provisions of arts. 24 and 25, sole paragraph, item I, as applicable.

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(NR)

“Art. 61 ..........................................................................................................

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II - at the time of exclusion or suspension of the participant, or at the time of the declaration of intervention, extrajudicial liquidation, or special administration regime, observed the provisions of arts. 24 and 25, sole paragraph, item I, as applicable; and

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(NR)

“Art. 64 ..........................................................................................................

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IV - use of the contingency service, in the Internet Contingency modality, by participants under intervention, extrajudicial liquidation, or temporary special administration regime, as provided for in Law No. 6.024, of 1974, and Decree-Law No. 2.321, of 1987, during the thirty days subsequent to the declaration of the regime or until the intervention officer, liquidator, or board of directors formalizes with the STR manager one of the actions provided for in art. 25, sole paragraph, item II, of this Regulation, whichever occurs first.

Sole paragraph. After the thirtieth day subsequent to the declaration of intervention, extrajudicial liquidation, or temporary special administration regime and until the implementation of one of the actions provided for in art. 25, sole paragraph, item II, of this Regulation, the fee per operation in Internet Contingency of the participant subject to one of those special regimes shall be charged daily, regardless of request to use the service.” (NR)

Art. 2 Item III of § 2 of art. 44 of the Regulation Annex to BCB Resolution No. 105, of 2021, is hereby repealed.

Art. 3 This Resolution enters into force on March 1, 2023.

Bruno Serra Fernandes
Monetary Policy Director