Rule · BCB · 2 Mar 2009 · Circular 3441

Circular No. 3441 — Amends Article 2 of Circular No. 3,281 of April 4, 2005, regarding the obligation to designate a responsible person for matters related to the Brazilian Payments System (SPB)

Holders of Settlement Accounts at the Central Bank of Brazil must designate an officer who, in accordance with their corporate bylaws, is authorized to be responsible for the administration of that account. This requirement applies to all entities maintaining such accounts and becomes effective on the date of publication of the circular.

BrazilBanco Central do Brasil

CIRCULAR NO. 003441

Amends a provision of Circular No. 3,281 of April 4, 2005, which deals with the obligation to designate a responsible person for matters related to the Brazilian Payments System (SPB).

The Collegiate Board of the Central Bank of Brazil, in a session held on February 27, 2009, based on Article 10 of Law No. 10,214 of March 27, 2001, and Article 11 of Resolution No. 2,882 of August 30, 2001,

D E C I D E D:

Art. 1º Article 2 of Circular No. 3,281 of April 4, 2005, shall enter into force with the following wording:

"Art. 2º Holders of Settlement Accounts at the Central Bank of Brazil must designate an officer who, in accordance with their corporate bylaws, is authorized to be responsible for the administration of that account."

Art. 2º This circular enters into force on the date of its publication.

São Paulo, March 2, 2009.

Mario Torós Alvir Alberto Hoffmann Director Director

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Annotations and obligations

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