RegAlertRule · BCB · 11 Aug 1986 · Circular 1056
Circular No. 1.056 — Mutual Equity Funds: Minimum 30% of Net Funds in Fixed-Income Securities, 75% of Which in Federal Public Securities
Mutual Equity Funds must, as of 11 August 1986, apply at least 30% of net funds received in fixed-income securities, of which at least 75% must be in federal public securities, adapting to Circular No. 1.023 of 15 April 1986. The Circular enters into force on the date of its publication.
Circular No. 1.056
CIRCULAR N. 001056 ------------------ We inform that the Board of the Central Bank, in a session held on this date, based on the provisions of item II of Resolution No. 1.118, of 04.04.86, decided that the adaptation of the Mutual Equity Funds to the provisions of Circular No. 1.023, of 15.04.86, as of this date, must be carried out with the mandatory application of at least 30% (thirty percent) of the net funds received in fixed-income securities, of which at least 75% (seventy-five percent) must be in federal public securities. 2. This Circular shall enter into force on the date of its publication. Brasília-DF, 11 August 1986 Luiz Carlos Mendonça de Barros Director
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- Obligation 1
- Definition / condition 1
- background, boilerplate
Lineage: Superseded
A newer document in RegAlert replaces this one.
The links and the sentences they come from (3)
- Superseded by
“...and 1,056, of 11.08.86... are revoked.”
- Amends
“adaptation of the Mutual Equity Funds to the provisions of Circular No. 1.023, of 15.04.86”
- Issued under
“based on the provisions of item II of Resolution No. 1.118, of 04.04.86”
Timeline
Amended 1 time · last 1987-03-20
- 1987-03-20
BCBResolution No. 1,280: Regulation Governing the Administration and Operation of Mutual Equity Funds as Open-Ended Condominiumssupersedes
This document amends: Circular No. 1.023: Maximum 75% of Mutual Investment Fund Resources in Shares and Minimum 75% of Remaining Resources in Federal Public Debt Securities
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