Resolution No. 52

BCB RESOLUTION

NO. 52, OF DECEMBER 16, 2020

Provides for the provision of information regarding Rural Product Bills registered or deposited in a registration or centralized deposit system operated by a central registrar or depository entity authorized by the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on December 15, 2020, based on Articles 22 and 28 of Law No. 12,810, of May 15, 2013, and taking into account the provisions of CMN Resolution No. 4,870, of November 27, 2020,

RESOLVES:

Art. 1 This Resolution provides for the provision of information regarding Rural Product Bills registered or deposited in a registration or centralized deposit system operated by a central registrar or depository entity authorized by the Central Bank of Brazil.

Art. 2 Central registrars and depositories must make available to interested third parties, starting from July 1, 2021, a mechanism for querying information on Rural Product Bills registered or deposited.

§ 1 The query referred to in the caput is conditioned on obtaining specific authorization from the issuer granting the interested party powers to query information regarding the Rural Product Bills issued by them.

§ 2 The authorization referred to in § 1 may be granted in electronic format.

§ 3 The query mechanism referred to in the caput must be available via electronic means on the worldwide computer network.

§ 4 For the purposes of the provisions in the caput, central registrars or depositories must make available interfaces aimed at sharing information regarding Rural Product Bills registered or deposited in their systems with other entities authorized to exercise the same activities.

§ 5 The information referred to in the caput must be made available in a consolidated and segregated manner, considering, at a minimum:

I - the qualification of the issuer;

II - the date of issuance, registration or centralized deposit, and delivery or maturity;

III - the settlement schedule, where applicable;

IV - the form and condition of settlement;

V - the location and conditions of delivery;

VI - the quantity and specifications of the product;

VII - the identification and description of the guarantees; and

VIII - the criteria adopted to obtain the settlement value of the bill.

Art. 3 The entities mentioned in the caput of Art. 2 must, regarding the use of the interface referred to in § 4 of Art. 2, ensure:

I - equitable treatment between direct participants and central registrars or depositories; and

II - provision of updated data, without imposition of access windows and without distinction or prioritization between direct participants and central registrars or depositories.

Art. 4 The Central Bank of Brazil may provide for the operational procedures necessary to comply with the provisions of this Resolution.

Art. 5 This Resolution enters into force on January 1, 2021.

Otávio Ribeiro Damaso
Director of Regulation