RegAlert

Rule · BCB · 11 Feb 1988 · Circular 1291

Circular No. 1291 - Operating Hours - Institutions in the Capital Market Area

licensing

The Central Bank of Brazil authorizes investment banks, credit and investment financing companies, real estate credit companies, leasing companies, and savings and loan associations to adopt the public service hours established for commercial banks or the standard business hours of their local area. This authorization becomes effective on February 22, 1988, at which point Circulars No. 399 of October 19, 1978, and No. 1,018 of April 4, 1986, are repealed.

BrazilBanco Central do Brasil

CIRCULAR NO. 001291

We communicate that the Board of Directors of the Central Bank, in a meeting held on 10.02.88, having regard to the provisions of item III of Resolution No. 428, of 26.05.77, decided to authorize investment banks, credit, financing and investment companies, real estate credit companies, leasing companies and savings and loan associations to adopt the hours of service to the public fixed for commercial banks or the business hours of the locality in which they are located.

  1. This Circular will enter into force on 22.02.88, when Circulars No. 399, of 19.10.78, and No. 1,018, of 04.04.86, will be revoked.

Brasília-DF, February 11, 1988

Keyler Carvalho Rocha
Director

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Annotations and obligations
1 permission · 1 definition
  • Permission 1
  • Definition / condition 1
  • background, boilerplate

Lineage: Superseded

Resolution CMN No. 428 — Establ…1977Resolution CMN No. 428 — Establishes Public Service Hours for Financial Institutions Starting June 2, 1977 (1977-05-26)Circular No. 1018 - Financial I…1986Circular 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 (1986-04-04)Circular No. 399 dated 1978-10-…Circular No. 399 dated 1978-10-19Circular No. 1291 - OperatingHours - Institutions in the C…1988-02-11 · this documentCircular No. 1291 - Operating Hours - Institutions in the Capital Market Area (1988-02-11)Resolution CMN No. 2301 — Estab…1996Resolution 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 toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 1996-07-25

This document supersedes: 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

What changed in the obligations

Against 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 (1986-04-04)

1 change of who is bound

Changed (1)
  • Who is bound
    Before
    2. 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.
    Now
    We communicate that the Board of Directors of the Central Bank, in a meeting held on 10.02.88, having regard to the provisions of item III of Resolution No. 428, of 26.05.77, decided to authorize investment banks, credit, financing and investment companies, real estate credit companies, leasing companies and savings and loan associations to adopt the hours of service to the public fixed for comme…

“Not carried over” means the sentence has no counterpart in this text; the rule can still be in force in another text.

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