BCB Resolution No. 53

BCB RESOLUTION NO. 53, OF DECEMBER 16, 2020

Establishes procedures for transmitting information regarding microcredit operations and defines criteria for assessing compliance with the directive in these operations.

The Collegiate Board of the Central Bank of Brazil, in a session held on December 15, 2020, based on Articles 9 and 37 of Law No. 4,595, of December 31, 1964, Article 66 of Law No. 9,069, of June 29, 1995, Article 3 of Law No. 10,735, of September 11, 2003, and Article 7 of CMN Resolution No. 4,854, of September 24, 2020,

RESOLVES:

Art. 1. The institutions referred to in Article 4 of CMN Resolution No. 4,854, of September 24, 2020, and the institutions receiving the resources mentioned in Article 5, items I to IV, of that Resolution, must provide, by the last business day immediately preceding the date of verification of compliance with the directive, the daily balances of the accounting rubrics used for recording microcredit operations, according to the nature of the application.

§ 1. The institution is exempt from providing the information referred to in the caput, if they remain unchanged relative to those of the immediately preceding day.

§ 2. In the event of absence of information regarding one or more days of the calculation period until the end of the deadline fixed in the caput, each unreported position shall be assigned the value corresponding to the last reported position.

Art. 2. If the institutions mentioned in Art. 1 are not holders of a Settlement Account, they must indicate the institution holding a Bank Reserves account for forwarding notifications of amounts to be paid related to the deficiency in application in microcredit operations, as well as relevant charges for financial costs, and for any returns.

Art. 3. The resources collected by the Central Bank of Brazil, in the manner provided for in Art. 3 of Law No. 10,735, of September 11, 2003, shall remain unavailable until the date of verification of compliance with the directive in the following month.

Art. 4. The non-collection or partial collection of resources not applied in microcredit operations subjects the infringing institution to the payment of a financial cost on each daily deficiency calculated, identical to that established by the regulation in force for daily deficiency relative to the compulsory collection on sight resources.

Art. 5. Circular No. 3,935, of April 4, 2019, is hereby revoked.

Art. 6. This Resolution enters into force on the date of its publication.

Otávio Ribeiro Damaso
Director of Regulation