CMN Resolution No. 2011 — Includes acquisitions of debentures whose resources are directed to real estate developments among operations permitted to entities of the SBPE

RESOLUTION NO. 002011

INCLUDES THE ACQUISITION OF DEBENTURES
WHOSE RESOURCES ARE DIRECTED TO REAL
ESTATE DEVELOPMENTS AMONG THE
OPERATIONS PERMITTED TO ENTITIES OF
THE SBPE.

THE CENTRAL BANK OF BRAZIL, IN ACCORDANCE WITH ART. 9 OF LAW NO. 4,595, OF 12/31/64, MAKES IT PUBLIC THAT THE MONETARY COUNCIL, IN A SESSION HELD ON 07/28/93, CONSIDERING THE PROVISIONS OF ART. 7 OF DECREE-LAW NO. 2,291, OF 11/21/86,

RESOLVED:

ART. 1. INCLUDE THE ACQUISITION OF DEBENTURES WHOSE RESOURCES ARE DIRECTED TO REAL ESTATE DEVELOPMENTS AMONG THE FREE-RANGE OPERATIONS PERMITTED TO ENTITIES OF THE BRAZILIAN SAVINGS AND LOAN SYSTEM (SBPE).

ART. 2. ADD, AS A CONSEQUENCE, ITEM XII TO ART. 47 OF THE REGULATION ANNEXED TO RESOLUTION NO. 1,980, OF 04/30/93, WITH THE FOLLOWING WORDING:

"ART. 47. ...

XII - ACQUISITION OF DEBENTURES WHOSE RESOURCES ARE DIRECTED TO REAL ESTATE DEVELOPMENTS."

ART. 3. THE CENTRAL BANK OF BRAZIL AND THE SECURITIES AND EXCHANGE COMMISSION, EACH WITHIN THEIR SPHERE OF COMPETENCE, MAY ADOPT THE MEASURES AND ISSUE THE COMPLEMENTARY NORMS DEEMED NECESSARY FOR THE EXECUTION OF THE PROVISIONS OF THIS RESOLUTION.

ART. 4. THIS RESOLUTION ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), JULY 28, 1993

PAULO CESAR XIMENES ALVES FERREIRA
PRESIDENT