Regulatory Alerts2020-04-23 | Resolução CMN 4805CMN Resolution No. 4805 - Amends Resolution No. 4,222 and the FGC Regulations to Authorize Special Guarantee Time Deposits Between Associated Financial Institutions
The National Monetary Council, through the Central Bank of Brazil, amended Resolution No. 4,222 and the FGC Regulations to authorize Special Guarantee Time Deposits between associated financial institutions. The amendments establish that such deposits must comply with interfinancial deposit regulations and set specific guarantee limits of R$400 million for FGC-associated institutions and R$40 million for other holders. These changes were approved in an extraordinary session on April 23, 2020, and entered into force upon publication.
Share