BCB Resolution No. 274 — Amending Resolution BCB No. 131 to Align Penalty Application with Law No. 14,286/2021

BCB RESOLUTION NO. 274, OF DECEMBER 13, 2022

Amends Resolution BCB No. 131, of August 20, 2021, which consolidates the rules on the procedure for administrative sanctioning proceedings, the application of penalties, the commitment term, precautionary measures, coercive fines, and administrative agreements in supervisory proceedings, provided for in Law No. 13,506, of November 13, 2017, and the parameters for the application of administrative penalties provided for in Law No. 9,613, of March 3, 1998, to align the application of penalties with the infractions provided for in Law No. 14,286, of December 29, 2021.

The Collegiate Board of the Central Bank of Brazil, in a session held on December 13, 2022,

Based on art. 36 of Law No. 13,506, of November 13, 2017, and art. 20 of Law No. 14,286, of December 29, 2021,

RESOLVES:

Art. 1º Resolution BCB No. 131, of August 20, 2021, shall enter into force with the following alterations:

“Art. 6º Administrative sanctioning proceedings intended exclusively for the application of a fine penalty for late delivery of information to the Central Bank of Brazil, relating to the reporting of Brazilian capital abroad and foreign capital in the country and information necessary for the compilation of official macroeconomic statistics, may observe the simplified procedure provided for in Section II of Chapter IV of this Resolution.” (NR)

“Art. 47.
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c) in Law No. 14,286, of December 29, 2021, with the exception of the infractions provided for in arts. 10, 11 and 12 of the same Law;

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b) in items VI, VIII, XI and XIII of art. 42 of this Resolution, when it concerns a serious infraction, as per art. 41 of this Resolution; and

c) in Law No. 14,286, of 2021, when they produce or may produce any of the effects provided for in art. 4º of Law No. 13,506, of 2017, with the exception of the infractions provided for in arts. 10, 11 and 12 of the aforementioned Law No. 14,286, of 2021;

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d) in art. 12 of Law No. 14,286, of 2021.” (NR)

“Art. 50. ..........................................................................................................

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b) in items I, II, IV, V, VI and VIII of art. 40 and in items VII, VIII, XI and XII of art. 42 of this Resolution; and

c) in Law No. 14,286, of 2021, with the exception of the infractions provided for in arts. 10, 11 and 12 of the same Law;

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“CHAPTER IV

ON THE FINE RELATING TO THE REPORTING OF INFORMATION ON BRAZILIAN CAPITAL ABROAD AND FOREIGN CAPITAL IN THE COUNTRY AND ON INFORMATION NECESSARY FOR THE COMPILATION OF OFFICIAL MACROECONOMIC STATISTICS” (NR)

“Art. 66. The fine penalties to which those responsible for failing to provide the regulatory information required or for providing false, incomplete, incorrect, or late information are subject, relating to the reporting of Brazilian capital abroad and foreign capital in the country and information necessary for the compilation of official macroeconomic statistics, due to the provisions of Law No. 14,286, of 2021, shall be applied in accordance with the following criteria:

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“Section II

On the Simplified Procedure for Administrative Sanctioning Proceedings Related to Late Delivery of Information to the Central Bank of Brazil on Brazilian Capital Abroad, Foreign Capital in the Country, and Information Necessary for the Compilation of Official Macroeconomic Statistics” (NR)

“Art. 67. The simplified procedure is applicable to the declarant who wishes to voluntarily acknowledge the commission of the infraction of late delivery of information to the Central Bank of Brazil regarding Brazilian capital abroad, foreign capital in the country, and information necessary for the compilation of official macroeconomic statistics and to comply with the applied penalty, in order to conclude the administrative sanctioning proceeding summarily.” (NR)

“Art. 74. ..........................................................................................................

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b) infractions related to the reporting of information on Brazilian capital abroad and foreign capital in the country and information necessary for the compilation of official macroeconomic statistics, governed by Law No. 14,286, of 2021; or

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Art. 2º The sub-items “c” and “e” of item VI of art. 47 of Resolution BCB No. 131, of 2021, are hereby revoked.

Art. 3º This Resolution enters into force on December 31, 2022.

Renato Dias de Brito Gomes
Director of
Organization of the Financial System and Resolution