2016-07-07 | Circular 3801Added
The Central Bank of Brazil establishes the Rural Credit Exigibility System (Sisex) to provide information for controlling mandatory resources, verifying compliance with rural credit direction requirements, scheduling deficiency payments, and tracking resource transfer requests. Financial institutions within the National Rural Credit System must use Sisex to validate and send required information, check compliance, and request resource transfers starting August 1, 2016. These institutions must retain data and methodology descriptions for five years, and operational procedures are to be defined in the Rural Credit Manual.
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The Collegiate Board of the Central Bank of Brazil, in a session held on July 6, 2016, taking into account the provisions of Article 5 of Law No. 4,829, of November 5, 1965, Articles 9, 10, item IX, and 37 of Law No. 4,595, of December 31, 1964,
R E S O L V E :
Art. 1º The Rural Credit Exigibility System (Sisex) is hereby established with the purpose of providing information to the Central Bank of Brazil for:
I - the control and monitoring of the application of Mandatory Resources, Rural Savings, and the Agricultural Credit Note (LCA), in the direction of rural credit, in accordance with Chapter 6 (Resources) of the Rural Credit Manual (MCR);
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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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