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Rule · BCB · 1 Sep 1972 · Circular 188

Circular No. 188 - Investment Banks - Waiver by the Capital Markets Management (GEMEC) of Prior Examination for Guarantees on External Loans Provided in Resolution No. 18 of February 8, 1966

securities

The Central Bank waives the prior examination by the Capital Markets Management (GEMEC) regarding the provision of guarantees for external loans under item XIV(e) of Resolution No. 18 of February 18, 1966. Investment banks must still reference such guarantees in their loan authorization requests submitted to the Foreign Capital Supervision and Registration Management (FIRCE). Additionally, provisions from item XVIII of Resolution No. 18 concerning guarantees for external loans destined for a single company remain applicable.

BrazilBanco Central do Brasil

CIRCULAR NO. 000188

To
Investment Banks

We communicate that the Board of Directors of this Central Bank has resolved to waive the prior examination by the Capital Markets Management (GEMEC), in cases of providing guarantees for loans from abroad, as addressed in item "e" of section XIV of Resolution No. 18 of February 18, 1966.

  1. In any case, the request for authorization to contract the external loan submitted to the Foreign Capital Supervision and Registration Management (FIRCE) must include a reference to the provision of the guarantee in question, whenever it occurs.

  2. The provisions set forth in item XVIII of Resolution No. 18 of February 18, 1966, regarding commitments by providing guarantees for external loans destined for the same company, must be observed.

Brasilia-DF, September 1, 1972

Francisco De Boni Neto
Director

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A newer document in RegAlert replaces this one.

Resolution No. 18 dated 1966-02-18Not in RegAlertResolution No. 18 dated 1966-02-18 — Not in RegAlertCircular No. 188 - InvestmentBanks - Waiver by the Capital…1972-09-01 · this documentCircular No. 188 - Investment Banks - Waiver by the Capital Markets Management (GEMEC) of Prior Examination for Guarantees on External Loans Provided in Resolution No. 18 of February 8, 1966 (1972-09-01)Resolution CMN No. 2325 — Amendsand Consolidates Norms Regarding …1996 · BCBResolution CMN No. 2325 — Amends and Consolidates Norms Regarding the Provision of Guarantees by Financial Institutions (1996-10-30)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Superseded by
Amends
  • Resolution No. 18 dated 1966-02-18Not in RegAlert

    “We communicate that the Board of Directors of this Central Bank has resolved to waive the prior examination by the Capital Markets Management (GEMEC), in cases of providing guarantees for loans from abroad, as addressed in item "e" of sect…”

Timeline

Amended 1 time · last 1996-10-30

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