RegAlert

Rule · BCB · 29 Aug 1986 · Circular 1066

Circular No. 1066 - Banking Hours - Revocation of Circular 871 of 07/26/84 - Penalty to Administrators of Financial Institutions - Exemption of Liability

enforcement

The Central Bank's Board of Directors revoked Circular No. 871 of July 26, 1984, and determined that financial institutions operating on non-business days remain subject to the penalties outlined in the Regulation for applying penalties to financial institutions and their administrators. This decision applies to financial institutions and their administrators, members of advisory and supervisory boards, managers, and other persons who violate the provisions of Laws No. 4,595 of December 31, 1964, No. 4,728 of July 14, 1965, and No. 4,829 of November 5, 1965, as well as other applicable legal or regulatory norms established by Resolution No. 1,065 of December 5, 1985.

BrazilBanco Central do Brasil

CIRCULAR NO. 001066

To
Financial Institutions

We communicate that the Board of Directors of the Central Bank, in a meeting held on August 27, 1986, in view of the Regulation for the application of penalties to financial institutions, their administrators, members of advisory and supervisory boards, and similar bodies, managers, and other persons who infringe the provisions of Laws No. 4,595 of December 31, 1964, No. 4,728 of July 14, 1965, and No. 4,829 of November 5, 1965, as well as other applicable legal or regulatory norms, issued by Resolution No. 1,065 of December 5, 1985, decided:

a) to revoke Circular No. 871 of July 26, 1984; and

b) to determine that financial institutions operating on non-business days remain subject to the penalties mentioned in the aforementioned Regulation.

Brasília-DF, August 29, 1986

Persio Arida Luiz Carlos Mendonça de Barros Director Director

José Tupy Caldas de Moura
Director

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Annotations and obligations
3 definitions
  • Definition / condition 3
  • background, boilerplate

Lineage: Superseded

A newer document in RegAlert replaces this one.

Resolution CMN No. 1065 — Lowersthe Regulation on the Application…1985 · BCBResolution CMN No. 1065 — Lowers the Regulation on the Application of Penalties to Financial Institutions and Their Administrators for Violations of Laws No. 4.595/1964, 4.728/1965, and 4.829/1965 (1985-12-05)Circular No. 871 dated 1984-07-26Not in RegAlertCircular No. 871 dated 1984-07-26 — Not in RegAlertCircular No. 1066 - BankingHours - Revocation of Circula…1986-08-29 · this documentCircular No. 1066 - Banking Hours - Revocation of Circular 871 of 07/26/84 - Penalty to Administrators of Financial Institutions - Exemption of Liability (1986-08-29)Resolution CMN No. 2301 —Establishes the public service ho…1996 · BCBResolution CMN No. 2301 — Establishes the public service hours for financial institutions and other entities authorized by the Central Bank of Brazil (1996-07-25)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (3)
Superseded by
Supersedes
  • Circular No. 871 dated 1984-07-26Not in RegAlert

    “a) to revoke Circular No. 871 of July 26, 1984;”

Issued under

Timeline

Amended 1 time · last 1996-07-25

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