Circular No. 1720 — Authorizes Fixed-Income Securities Acquisition by Administrators of Fixed-Income and Short-Term Application Mutual Funds

CIRCULAR NO. 001720

FACULTA A AQUISIÇÃO DE TÍTULOS DE RENDA
FIXA PELAS INSTITUIÇÕES ADMINISTRADORAS
DE FUNDOS MÚTUOS DE RENDA FIXA E DE
APLICAÇÕES DE CURTO PRAZO.

COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A MEETING HELD ON THIS DATE, HAVING REGARD TO THE PROVISIONS OF ARTICLES 17 AND 20 OF LAW NO. 8,024, OF 12.04.90, AND ARTICLE 2 OF ORDINANCE NO. 201, OF 20.04.90, DECIDED:

ART. 1. TO AUTHORIZE ADMINISTRATORS OF FIXED-INCOME AND SHORT-TERM APPLICATION MUTUAL FUNDS TO ACQUIRE, IN CRUZEIROS AND NEW CRUZADOS, FIXED-INCOME SECURITIES INCLUDED IN THE PORTFOLIOS OF THE MENTIONED FUNDS ON 16.03.90, IN VIEW OF THE EXECUTION OF THE PROVISIONS OF ARTICLES 7 AND 10 OF LAW NO. 8,024, OF 12.04.90, AND ARTICLE 1 OF ORDINANCE NO. 201, OF 20.04.90.

ART. 2. FIXED-INCOME SECURITIES ACQUIRED IN NEW CRUZADOS, UNDER THE TERMS OF THE PREVIOUS ARTICLE, MAY BE INCLUDED IN THE ASSETS OF THE ADMINISTRATING INSTITUTION FOR THE PURPOSE OF CALCULATING THE LIMIT OF INSUFFICIENCIES REFERRED TO IN CIRCULAR NO. 1,663, OF 11.04.90.

ART. 3. THE USE OF TREASURY FINANCIAL LETTERS - LFT, ACQUIRED IN ACCORDANCE WITH CIRCULAR NO. 1,619, OF 23.03.90, REMAINS AUTHORIZED FOR THE PURPOSE OF REMITTING NEW CRUZADOS TO THIS CENTRAL BANK.

ART. 4. THIS CIRCULAR SHALL ENTER INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), MAY 9, 1990

LUIS EDUARDO ALVES DE ASSIS GUSTAVO JORGE LABOISSIÈRE LOYOLA DIRECTOR DIRECTOR