Circular No. 1833 - Federal Deregulation Program/Decree No. 99,179 of March 15, 1990 - Authorizes institutions authorized to operate by the Central Bank to adopt the authorized capital regime

CIRCULAR NO. 001833

TO
FINANCIAL INSTITUTIONS AND OTHER COMPANIES AUTHORIZED TO OPERATE BY THE CENTRAL BANK OF BRAZIL

FEDERAL DEREGULATION PROGRAM / DECREE NO. 99,179 OF 15.03.90 - AUTHORIZES INSTITUTIONS PERMITTED TO OPERATE BY THE CENTRAL BANK TO ADOPT THE AUTHORIZED CAPITAL REGIME.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 31.10.90, BASED ON ARTICLE 10, CLAUSE X, LETTERS "A" AND "F" OF LAW NO. 4,595 OF 31.12.64, ITEM IV OF RESOLUTION NO. 1,120, OF 04.04.86, AND ITEM II OF RESOLUTION NO. 1,655, OF 26.10.89, HAS DECIDED:

ART. 1. AUTHORIZE FINANCIAL INSTITUTIONS AND OTHER INSTITUTIONS PERMITTED TO OPERATE BY THIS BODY, THE USE OF THE PRIVILEGE PROVIDED FOR IN ARTICLE NO. 168 OF LAW NO. 6,404, OF 15.12.76, TO INCLUDE IN THEIR CORPORATE STATUTES, AUTHORIZATION FOR AN INCREASE IN SHARE CAPITAL, INDEPENDENTLY OF STATUTORY REFORM.

ART. 2. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION, WITH CIRCULAR NO. 890 OF 25.09.84 BEING REVOKED.

BRASÍLIA (DF), OCTOBER 31, 1990

GUSTAVO JORGE LABOISSIÈRE LOYOLA
DIRECTOR