Rule · BCB · 4 Apr 1986 · Circular 1018

Circular No. 1018 - Financial Institutions - Public Service Hours - Circular 1014 of 23/03/86 - Capital Market Institutions - Investment Banks (BI), Credit, Financing and Investment Companies (SCFI), Leasing Companies

Real Estate Credit Companies and Savings and Loan Associations are required to observe the public service hours established in Circular No. 1,014 of March 25, 1986. Investment Banks, Credit, Financing and Investment Companies, and Leasing Companies are permitted to adopt either the hours specified in Circular No. 1,014 or the commercial hours of their respective localities. The Department of Capital Market Organization is authorized to implement necessary measures and resolve special cases regarding these regulations.

BrazilBanco Central do Brasil

CIRCULAR N. 001018

We communicate that the Board of Directors of the Central Bank, in a session held on 03.04.86, based on the provisions of Resolution No. 428 of 26.05.77, decided that Real Estate Credit Companies and Savings and Loan Associations must observe the public service hours set forth in Circular No. 1,014 of 25.03.86.

Investment Banks, Credit, Financing and Investment Companies, and Leasing Companies are permitted to adopt the public service hours set forth in the aforementioned Circular No. 1,014 or the commercial hours of the locality in which they are located.
The Department of Capital Market Organization is authorized to adopt the necessary measures for the execution of these regulations, including resolving cases that warrant special treatment.

Brasília-DF, April 4, 1986

Luiz Carlos Mendonça de Barros
Director

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