Rule · BCB · 17 Apr 2009 · Circular 3453
The Executive Board of the Central Bank of Brazil mandates that time deposits with special guarantee of the Credit Guarantee Fund (FGC) must be registered on the same day the operation is contracted. This requirement applies to deposits covered under Article 1, paragraph 1, item II of Resolution No. 3,692 of March 26, 2009. The regulation enters into force on the date of its publication, which is April 17, 2009.
Define deadline for the registration of time deposits with special guarantee of the Credit Guarantee Fund (FGC) in a financial registration and settlement system.
The Executive Board of the Central Bank of Brazil, in a session held on April 16, 2009, based on Article 6 of Resolution No. 3,692 of March 26, 2009,
DECIDED:
Article 1. The registration of time deposits with special guarantee of the Credit Guarantee Fund (FGC) provided for in Article 1, paragraph 1, item II of Resolution No. 3,692 of March 26, 2009, must be carried out on the same day the operation is contracted.
Article 2. This circular enters into force on the date of its publication.
São Paulo, April 17, 2009.
Alexandre Antonio Tombini
Director
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