Circular No. 3.469

CIRCULAR N. 003469 ------------------ Amends art. 11 of the Regulation Annexed to Circular No. 3.057, of 31 August 2001. The Board of Governors of the Central Bank of Brazil, in an extraordinary session held on 28 September 2009, based on the provisions of art. 10 of Law No. 10.214, of 27 March 2001, and art. 11 of Resolution No. 2.882, of 30 August 2001, D E C I D E D: Art. 1 The art. 11 of the Regulation Annexed to Circular No. 3.057, of 31 August 2001, shall now be in force with the addition of the following paragraphs: "Art. 11. ................................................ ........................................................... § 1 The Central Bank of Brazil may set a settlement period different from that stipulated in subparagraph "c" of item II of this article, observing the principles that ensure the efficiency, security, integrity and reliability of the payment system, in the event of simultaneous offering of shares on national and foreign stock exchanges. § 2 The act of disclosing the period referred to in § 1 shall specify the operation to which it applies, as well as the start and end dates of its validity."(NR) Art. 2 This Circular enters into force on the date of its publication. Brasília, 29 September 2009. Mario Torós Director