RegAlertRule · BCB · 20 May 2025 · Resolução BCB 473
BCB Resolution No. 473 of May 20, 2025
BCB Resolution No. 473, effective May 30, 2025, amends Resolutions No. 76 and No. 350. The Department of International Reserves (Depin) must monitor foreign exchange markets and immediately communicate detected adverse conditions, such as liquidity issues, stop-loss activations, or circuit breaker triggers, to the Director of Monetary Policy. This resolution replaces prior provisions and revokes Article 8, paragraph 3, of Resolution No. 76.
Resolution No. 473
BCB RESOLUTION NO. 473, OF MAY 20, 2025
Amends BCB Resolution No. 76, of February 23, 2021, and BCB Resolution No. 350, of November 8, 2023, to reflect operational changes in the execution of the instruments of action of the Central Bank of Brazil in the Brazilian foreign exchange market.
The Collegiate Board of the Central Bank of Brazil, in a session held on May 20, 2025, based on arts. 9, 10, caput, item XV, and 11, caput, item III, of Law No. 4.595, of December 31, 1964, Resolution No. 2.939, of March 26, 2002, and taking into account the provisions of arts. 11, caput, item II, letter “a”, and 19, caput, item VII, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023,
R E S O L V E:
Art. 1º BCB Resolution No. 76, of February 23, 2021, published in the Official Gazette of the Union on February 25, 2021, shall enter into force with the following alterations:
“Art. 11. The Department of International Reserves (Depin) is authorized to issue complementary norms and adopt measures deemed necessary for the execution of the provisions of this Resolution.” (NR)
Art. 2º BCB Resolution No. 350, of November 8, 2023, shall enter into force with the following alterations:
“Art. 3º The Department of International Reserves – Depin shall maintain permanent monitoring of the markets, aiming to support decision-making for the action provided for in art. 1º.
Sole paragraph. Any adverse conditions or dysfunctions detected by Depin in the liquidity conditions and price formation in the foreign exchange market, including strong movements in the real exchange rate, activation of loss limitation mechanisms by market participants (stop-loss) or reaching maximum intraday oscillation limits (circuit breaker), among others, shall be communicated immediately to the Director of Monetary Policy.” (NR)
Art. 3º Article 8, paragraph 3, of BCB Resolution No. 76, of February 23, 2021, is hereby revoked.
Art. 4º This Resolution enters into force on May 30, 2025.
NILTON JOSÉ SCHNEIDER DAVID
Director of Monetary Policy
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- Obligation 2
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The links and the sentences they come from (3)
- Amends
“Amends BCB Resolution No. 76, of February 23, 2021, and BCB Resolution No. 350, of November 8, 2023, to reflect operational changes”
- Issued under
- Resolution CMN No. 2939 — Authorizes the Central Bank of Brazil to Conduct Swap Operations2002 · BCB
“based on ... Resolution No. 2.939, of March 26, 2002”
“based on arts. 9, 10, caput, item XV, and 11, caput, item III, of Law No. 4.595, of December 31, 1964”
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