2013-07-11 | Circular 3662Added
Circular No. 3662 amends Article 1 of Circular No. 3,389 of June 25, 2008, and Article 1 of Circular No. 3,641 of March 4, 2013, by inserting a new provision into Section 3 of each, setting the value of G to zero. These amendments apply to the calculation of the Required Reference Equity (PRE) portion concerning risks of exposures in gold, foreign currency, and assets and liabilities subject to exchange rate variation. The circular enters into force on the date of its publication.
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The Collegiate Board of the Central Bank of Brazil, in a session held on July 11, 2013, based on the provisions of Articles 9, 10, item IX, and 11, item VII, of Law No. 4,595 of December 31, 1964, Article 6, item I, of Resolution No. 3,490 of August 29, 2007, and Articles 3, paragraph 2, and 15 of Resolution No. 4,193 of March 1, 2013, and having in view the content of Resolution No. 3,488 of August 29, 2007,
R E S O L V E:
Art. 1. Article 1 of Circular No. 3,389 of June 25, 2008, shall henceforth read as follows:
“Art. 1. .......................................................
.............................................................
§ 3. ..........................................................
.............................................................
III - G = 0 (zero).
..........................................................” (NR)
Art. 2. Article 1 of Circular No. 3,641 of March 4, 2013, shall henceforth read as follows:
“Art. 1. .......................................................
................................................................
§ 3. ..........................................................
................................................................
III - G = 0 (zero).
..........................................................” (NR)
Art. 3. This Circular enters into force on the date of its publication.
Luiz Edson Feltrim
Institutional Relations and Citizenship Director
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Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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