Circular No. 1856 — Mandatory Inclusion in the Register of Issuers of Bounced Checks (CCF) of the Institution and Responsible Parties for Cheques Returned due to Reason 11

CIRCULAR NO. 001856

TO
MULTI-BANKS WITH COMMERCIAL PORTFOLIO, COMMERCIAL BANKS AND SAVINGS BANKS

REGISTER OF ISSUERS OF CHEQUES WITHOUT FUNDS - INSTITUTION AUTHORIZED TO OPERATE BY THE CENTRAL BANK OF BRAZIL - RESOLUTION 1,631, OF 24.08.89, AND 1,682, OF 31.01.90.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A MEETING HELD ON 05.12.90, HAVING REGARD TO THE PROVISIONS OF ARTICLE 2 OF RESOLUTION NO. 1,682, OF 31.01.90, DECIDED:

ART. 1. IN THE EVENT OF RETURN, FOR REASON 11 PROVIDED FOR IN ARTICLE 6 OF THE REGULATION ANNEXED TO RESOLUTION NO. 1,631, OF 24.08.89, OF A CHEQUE ISSUED BY AN INSTITUTION AUTHORIZED TO OPERATE BY THE CENTRAL BANK OF BRAZIL, IT IS MANDATORY TO INCLUDE, IN THE REGISTER OF ISSUERS OF CHEQUES WITHOUT FUNDS (CCF), THE NAMES OF THE INSTITUTION AND OF THOSE RESPONSIBLE FOR THE ISSUE OF THE CHEQUE, THE DRAWING BANK BEING REQUIRED TO GIVE IMMEDIATE NOTICE OF THE OCCURRENCE TO THE SUPERVISION BOARD OF THIS BODY.

ART. 2. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), DECEMBER 6, 1990

GUSTAVO JORGE LABOISSIÈRE LOYOLA
DIRECTOR