RegAlertRule · BCB · 27 Apr 2023 · Resolução BCB 316
BCB Resolution No. 316 — Amends Annex II to BCB Resolution No. 108 Regarding Deadlines for Administrative Processes for Economic Activity Release
This resolution updates Annex II of BCB Resolution No. 108 to establish specific administrative deadlines for the release of economic activities within the Central Bank of Brazil. It sets a 280-day deadline for proposal analysis and an 80-day deadline for implementation analysis across various financial market systems, including clearing systems, centralized asset deposit, and financial asset registration activities. These timelines apply to public act requests for economic activity release filed with the Central Bank of Brazil starting from the effective dates of Resolutions CMN No. 4,970, BCB No. 233, and BCB No. 304.
BCB RESOLUTION NO. 316, OF APRIL 27, 2023
Amends
Annex II to BCB Resolution No. 108, of June 24, 2021, which provides for the specific deadlines for the different phases of the administrative processes for the release of economic activity within the scope of the Central Bank of Brazil.
The Collegiate Board of the Central Bank of Brazil, in a session held on April 26, 2023, based on the provisions of Arts. 9 and 10, § 1, of Law No. 4,595, of December 31, 1964, Art. 27 of CMN Resolution No. 4,970, of November 25, 2021, Art. 45 of CMN Resolution No. 5,051, of November 25, 2022, Arts. 6 and 7 of Law No. 11,795, of October 8, 2008, Arts. 9 and 15 of Law No. 12,865, of October 9, 2013, and Art. 10, § 4, of Decree No. 10,178, of December 18, 2019,
R E S O
L V E:
Art. 1º
Annex II to BCB Resolution No. 108, of June 24, 2021, shall enter into force as per the annex to this Resolution.
Sole Paragraph. The provisions of this Resolution apply to the respective requests for public acts of release of economic activity filed with the Central Bank of Brazil, from the entry into force of CMN Resolution No. 4,970, of November 25, 2021, BCB Resolution No. 233, of July 27, 2022, and BCB Resolution No. 304, of March 20, 2023.
Art. 2º
This Resolution enters into force on the date of its publication.
Renato Dias de Brito Gomes Diogo Abry Guillen Director of Organization of the System Financial and Resolution
Otávio Ribeiro Damaso Director of Regulation
ANNEX TO
BCB RESOLUTION NO. 316, OF APRIL 27, 2023
Annex II to BCB Resolution
No. 108, of JUNE 24, 2021
| Item | Request related to a public act of release of economic activity requested to the Central Bank of Brazil | Phases | Deadline (days) |
|---|---|---|---|
| Financial Market Systems (FMS) | Operation of a clearing system, including its regulations | Phase 1 - Analysis of the proposal | 280 |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Exercise of the activity of centralized deposit of financial assets, including the system regulations | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Exercise of the activity of registration of financial assets, including the system regulations | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Changes in the system regulations that provide for the inclusion of financial assets in the list of objects of centralized deposit | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Changes in the system regulations that provide for the inclusion of financial assets in the list of objects of registration | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Changes in the system regulations that provide for the exclusion of financial assets from the list of objects of centralized deposit | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Changes in the system regulations that provide for the exclusion of financial assets from the list of objects of registration | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Cancellation of authorization for operation of a clearing system | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Cancellation of authorization for exercise of activities of centralized deposit of financial assets | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Cancellation of authorization for exercise of activities of registration of financial assets | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 | ||
| Changes in FMS and their regulations that represent relevant risk to their safety and efficiency, or to the solidity and normal operation of the Brazilian Payments System or the National Financial System | Phase 1 - Analysis of the proposal | 280 | |
| Phase 2 - Analysis of the implementation of the proposal | 80 |
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The links and the sentences they come from (7)
- Amends
“Amends Annex II to BCB Resolution No. 108, of June 24, 2021”
- Issued under
- Resolution CMN No. 5,051 — Provisions on the Organization and Operation of Credit Cooperatives2022 · BCB
“Art. 45 of CMN Resolution No. 5,051, of November 25, 2022”
“Art. 27 of CMN Resolution No. 4,970, of November 25, 2021”
“Arts. 9 and 15 of Law No. 12,865, of October 9, 2013”
“Arts. 6 and 7 of Law No. 11,795, of October 8, 2008”
“based on the provisions of Arts. 9 and 10, § 1, of Law No. 4,595, of December 31, 1964”
- Decree No. 10178 dated 2019-12-18Not in RegAlert
“Art. 10, § 4, of Decree No. 10,178, of December 18, 2019”
Mentions (2): 2 documents this one mentions without changing them
- Refers to
“and BCB Resolution No. 304, of March 20, 2023.”
“from the entry into force of ... BCB Resolution No. 233, of July 27, 2022”
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