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Rule · BCB · 2 Jul 1975 · Circular 261

Circular No. 261 — Expands the Participation of Financial Institutions in the Capital of National Exporting Commercial Companies Dedicated to Purchasing Goods on the Market, Specifically for Export. Complement to BCB Circular 126 of 20/03/69

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The National Monetary Council decided that, in addition to the cases provided for in item I of Circular No. 126 of March 20, 1969, and subject to the reservation contained therein, the Central Bank of Brazil may authorize financial institutions to participate in the capital of national exporting commercial companies constituted under Decree-Law No. 1,248 of November 29, 1972, namely those that cumulatively meet the requirements set out in item III of Resolution No. 250 of March 15, 1973.

BrazilBanco Central do Brasil

CIRCULAR NO. 000261

We communicate that the National Monetary Council, in a session held on July 2, 1975, in view of the provisions of arts. 4, item XI, and 30 of Law No. 4,595 of December 31, 1964, decided that - in addition to the cases provided for in item I of Circular No. 126 of March 20, 1969, and subject to the reservation contained therein - the Central Bank of Brazil may authorize the participation of financial institutions in the capital of national exporting commercial companies, constituted in the form provided for in Decree-Law No. 1,248 of November 29, 1972, considered as such those that cumulatively meet the requirements established in item III of Resolution No. 250 of March 15, 1973.

Brasília-DF, July 2, 1975

Ernesto Albrecht Director

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Lei n.º 4.595, de 31 de dezembrode 1964 — dispõe sobre a política…1964 · BR-LAWLei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil) (1964-12-31)Circular No. 126 — Amends Rules onFinancial Institutions' Equity Pa…1969 · BCBCircular No. 126 — Amends Rules on Financial Institutions' Equity Participation in Other Companies (1969-03-20)Circular No. 261 — Expands theParticipation of Financial In…1975-07-02 · this documentCircular No. 261 — Expands the Participation of Financial Institutions in the Capital of National Exporting Commercial Companies Dedicated to Purchasing Goods on the Market, Specifically for Export. Complement to BCB Circular 126 of 20/03/69 (1975-07-02)Resolution CMN No. 2660 —Establishes norms, conditions and…1999 · BCBResolution CMN No. 2660 — Establishes norms, conditions and procedures for corporate participation by financial institutions and other institutions authorized to operate by the Central Bank of Brazil (1999-10-28)
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Amended 1 time · last 1999-10-28

This document amends: Circular No. 126 — Amends Rules on Financial Institutions' Equity Participation in Other Companies

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