Rule · BCB · 4 Jan 1989 · Carta Circular 1879

Circular Letter No. 1879: Representation of Resources in Short-Term Investment Fund Investments

Institutions administering short-term investment funds must ensure that fund resources are represented by the securities specified in subitem "a" of item 1 of Circular No. 1.411 of 29 December 1988. Those securities must belong to the funds' own portfolios and/or form part of the portfolio of institutions authorized to carry out repurchase agreement transactions, linked to repurchase commitments assumed by them for settlement within a maximum of 29 days from assumption.

BrazilBanco Central do Brasil

CIRCULAR LETTER No. 1.879

To
Institutions Administering Short-Term Investment Funds

In view of the changes introduced in the composition of the investments of short-term investment funds by subitem "a" of item 1 of Circular No. 1.411, of 29.12.88, we clarify that the respective resources must be represented by the securities specified therein:

a) belonging to their own portfolios; and/or

b) forming part of the portfolio of institutions authorized to carry out repurchase agreement transactions, linked to repurchase commitments assumed by them for settlement within a maximum period of 29 (twenty-nine) days counted from their assumption.

Brasília (DF), 04 January 1989

DEPARTMENT OF CAPITAL MARKET
RULES
Antonio Caetano Filho
HEAD

This text does not replace the one published in the DOU and in Sisbacen.

Circular Letter No. 1.879, of 04 January 1989

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Annotations and obligations

2 obligations · 1 definition

Obligation 2
Definition / condition 1
background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

Mentions (3): 1 document this one mentions and 2 documents that mention it, without changing it

Refers to

Circular No. 1411 — Short-Term Investment Funds: Direction of Investments; Amendment of Share Redemption System; Revocation of Item 'a' of Item 1 of Circular 1274 of 29/12/87 and of Circulars 1147 of 20/03/87 and 1279 of 14/01/881988 · BCB
“In view of the changes introduced in the composition of the investments of short-term investment funds by subitem "a" of item 1 of Circular No. 1.411, of 29.12.88, we clarify that the respective resources must be represented by the securit…”

Referred to by

CMN Resolution No. 1791 — Repeals the Decision Determining the Extinction of Fixed-Income Mutual Funds as of March 1, 1991 and Authorizes the Establishment of Investment Funds in Shares of Financial Investment Funds1991 · BCB
“1,879, OF JANUARY 4, 1989”
Resolution CMN No. 1787 Authorizing the Establishment of Financial Application Funds1991 · BCB
“...1,706, OF 08.31.87, 1,879, OF 01.04.89...”