Rule · BCB · 22 Mar 1990 · Circular 1614

Circular No. 1614 - Economic Stabilization Plan - Fixed Income Mutual Funds and Short-Term Application Funds - Conversion of Quotas in Cruzeiros - Complementary Measures

Fixed income mutual funds and short-term application funds are required to acquire federal public securities held in their portfolios using Cruzeiros, prioritizing those with the earliest maturity dates until the liquidity limit defined in Provisional Measure No. 168 is reached. These acquisitions may be financed by the Central Bank of Brazil. Administrating institutions must immediately report the acquired securities, including the amounts and pricing criteria, to the Central Bank. This circular entered into force on the date of its publication, March 22, 1990.

BrazilBanco Central do Brasil

CIRCULAR NO. 001614

TO THE INSTITUTIONS ADMINISTERING FIXED INCOME MUTUAL FUNDS AND SHORT-TERM APPLICATION FUNDS.

ECONOMIC STABILIZATION PLAN -
PROVISIONAL MEASURE NO. 168, OF 15.03.90

COMPLEMENTARY MEASURES

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON THIS DATE, BASED ON ARTICLE 20 OF THE PRO- VISIONAL MEASURE NO. 168, OF 15.03.90, HAS DECIDED TO ESTABLISH:

ART. 1. THE INSTITUTIONS ADMINISTERING FIXED INCOME MUTUAL FUNDS AND SHORT-TERM APPLICATION FUNDS SHALL ACQUIRE, IN CRUZEIROS, OBSERVING THE REVERSE CHRONOLOGICAL ORDER OF MATURITY, AND UNTIL THE LIQUIDITY LIMIT REFERRED TO IN ARTICLE 7 OF THE SAID PROVISIONAL MEASURE IS REACHED, FEDERAL PUBLIC SECURITIES THAT ARE PART OF THE PORTFOLIOS OF THE MENTIONED FUNDS, WHICH MAY BE FINANCED, IN CRUZEIROS, BY THE CENTRAL BANK.

ART. 2. THE ADMINISTERING INSTITUTION SHALL IMMEDIATELY FORWARD TO THE CENTRAL BANK A LIST OF THE SECURITIES ACQUIRED IN ACCORDANCE WITH THIS CIRCULAR, INFORMING THE AMOUNT AND THE CRITERIA FOR FIXING THE PRICE.

ART. 3. THIS CIRCULAR SHALL ENTER INTO FORCE ON THE DATE OF ITS PUBLICATION, PRODUCING EFFECTS FROM THIS DATE.

BRASILIA (DF), MARCH 22, 1990

IBRAHIM ERIS GUSTAVO JORGE LABOISSIERE LOYOLA PRESIDENT DIRECTOR

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Annotations and obligations

8 obligations · 6 definitions

Obligation 8
Definition / condition 6
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Issued under

PROVISIONAL MEASURE NO. 168, OF 15.03.90Not in RegAlert · 1990
“BASED ON ARTICLE 20 OF THE PROVISIONAL MEASURE NO. 168, OF 15.03.90”

Mentions (4): 4 documents mention this one without changing it

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
“CIRCULARS NOS. 1,614, OF MARCH 22, 1990”
Resolution CMN No. 1787 Authorizing the Establishment of Financial Application Funds1991 · BCB
“...1,411, OF 12.29.88, 1,614, OF 03.22.90...”
Circular No. 1724 — Updates Demonstration for Calculating Deficiency Limit in New Cruzados and Establishes Penalties for Late Information Submission1990 · BCB
“THE PROVISIONS OF THIS ARTICLE DO NOT APPLY TO THE CASES PROVIDED FOR IN CIRCULARS NOS. 1,614 AND 1,619, OF MARCH 22 AND 23, 1990”
Circular No. 1663 - Conditions for Charging Financial Costs on Deficiencies in New Cruzado Deposits to the Central Bank1990 · BCB
“PROVISIONS OF THIS ARTICLE DO NOT APPLY TO THE CASES PROVIDED FOR IN CIRCULARS NOS. 1.614”

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In RegAlert: added 2026-10-15