RegAlertRule · BCB · 17 Aug 2012 · Circular 3608
Circular No. 3608 — Amends Circular No. 3,389 of June 25, 2008, Establishing Procedures for Calculating the Required Reference Equity Portion Regarding Risk of Exposures in Gold, Foreign Currency, and Assets and Liabilities Subject to Exchange Rate Variation (PCAM)
This circular amends Article 1 of Circular No. 3,389 of June 25, 2008, by updating the text to include a specific threshold for exposures equal to or less than 0.02 (two hundredths) of the Reference Equity (PR), as defined in Resolution No. 3,444 of February 28, 2007, applicable during the period from April 30, 2012, to December 31, 2013. The regulation enters into force on the date of its publication.
The Collegiate Board of the Central Bank of Brazil, in a session held on August 15, 2012, based on the provisions of Articles 9, 10, item IX, and 11, item VII, of Law No. 4,595 of December 31, 1964, and in view of the provisions of Article 6 of Resolution No. 3,490 of August 29, 2007,
R E S O L V E:
Article 1. Article 1 of Circular No. 3,389 of June 25, 2008, shall be effective with the following wording:
"Article 1. ......
§ 1. ......
......
II - equal to or less than 0.02 (two hundredths) of the Reference Equity (PR), defined in accordance with Resolution No. 3,444 of February 28, 2007, during the period from April 30, 2012, to December 31, 2013.
......" (NR)
Article 2. This Circular enters into force on the date of its publication.
Luiz Awazu Pereira da Silva
Director of Regulation of the Financial System
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- Definition / condition 4
- background, boilerplate
Lineage: Superseded
A newer document in RegAlert replaces this one.
The links and the sentences they come from (4)
- Superseded by
“Circulars No. 3,389, of June 25, 2008, and No. 3,608, of August 17, 2012, are repealed”
- Amends
- Circular No. 3389 dated 2008-06-25Not in RegAlert
“Article 1 of Circular No. 3,389 of June 25, 2008, shall be effective with the following wording:”
- Issued under
- Resolution CMN No. 3490 — Provides for the Determination of the Required Reference Equity (PRE)2007 · BCB
“in view of the provisions of Article 6 of Resolution No. 3,490 of August 29, 2007,”
“based on the provisions of Articles 9, 10, item IX, and 11, item VII, of Law No. 4,595 of December 31, 1964”
Mentions (1): 1 document this one mentions without changing it
- Refers to
“defined in accordance with Resolution No. 3,444 of February 28, 2007”
Timeline
Amended 1 time · last 2013-03-04
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