RegAlert2020-02-20 | Circular 3986Added
Circular No. 3986 — Amends Circular No. 3,749 of March 5, 2015, Establishing the Short-Term Liquidity Indicator (LCR) Calculation Methodology and Disclosing LCR-Related Information
Circular No. 3,986 amends Article 6 of Circular No. 3,749 by adding item X, which defines the total amount of mandatory reserves deposited at the Central Bank of Brazil. This reserve amount is excluded from the portions specified in items II, III, and IV of the main text and is capped at 30% of the institution's total Level 1 assets in Brazil. The regulation enters into force on March 2, 2020.
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The Collegiate Board of the Central Bank of Brazil, in a session held on February 18, 2019, based on Articles 9, 10, item IX, and 11, item VII, of Law No. 4,595 of December 31, 1964, and considering the provisions of Resolution No. 4,401 of February 27, 2015,
R E S O L V E:
Art. 1. Circular No. 3,749 of March 5, 2015, shall enter into force with the following amendments:
“Art. 6. ......................................................
................................................................
X - total amount of mandatory reserves deposited at the Central Bank of Brazil, not considered in the portions covered by items II, III, and IV of the main text, limited to 30% of the total Level 1 assets of the institution in Brazil.
..........................................................” (NR)
Art. 2. This Circular enters into force on March 2, 2020.
Paulo Sérgio Neves de Souza
Deputy Director of Regulation
Lineage: In force
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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