RegAlert2024-08-29 | Resolução BCB 409Added
BCB Resolution No. 409 — Amends the Selic Special Settlement and Custody System Regulations to Govern Liens and Encumbrances in the Tesouro Direto Program and Credit Guarantee Funds
The resolution amends the Selic Regulation to define new terms such as 'participant,' 'intervener,' and 'credit guarantee fund,' and updates participant categories and access procedures. It establishes the legal framework for registering liens and encumbrances on Tesouro Direto securities, mandating the use of a special 'lien and encumbrance account' managed by an intervener and allowing for universal registration without specific title lists. The text specifies that execution of such liens in Tesouro Direto involves a sale to the National Treasury and outlines the operational responsibilities of the participant responsible for Tesouro Direto in these processes.
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RESOLUTION
BCB No. 409, OF AUGUST 29, 2024
Amends the Regulation of the Special Settlement and Custody System – Selic, annex to BCB Resolution No. 55, of December 16, 2020, to provide for the constitution of liens and encumbrances within the scope of the Tesouro Direto program, the participation of credit guarantee funds, and the update of procedures and nomenclatures.
The Collegiate Board of the Central Bank of Brazil, in a session held on August 29, 2024, having regard to the provisions of Art. 11, caput, item VII, of Law No. 4,595, of December 31, 1964, Art. 10 of Law No. 10,214, of March 27, 2001, and Art. 26 of Law No. 12,810, of May 15, 2013,
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Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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