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Rule · BCB · 27 Jan 2005 · Resolução CMN 3258

CMN Resolution No. 3258 — Amending Item IX of Resolution 1,559 of 1988

credit

This resolution amends Item IX of Resolution 1,559 of December 22, 1988, to prohibit financial institutions from conducting operations that fail to adhere to the principles of selectivity, guarantee, liquidity, and risk diversification. It further bans the granting of credit or advances without the establishment of an adequate title representing the debt. The regulation becomes effective on the date of its publication.

BrazilBanco Central do Brasil

RESOLUTION NO. 003258

Amending Item IX of Resolution
1,559, of 1988.

THE CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law 4,595, of December 31, 1964, makes public that the MONETARY COUNCIL NATIONAL, in a session held on January 27, 2005, considering the provisions of Article 4, items VI and VIII, of the aforementioned law,

RESOLVED:

Article 1. Amend Item IX of Resolution 1,559, of December 22,
1988, which shall now be in effect with the following wording:

"IX - Financial institutions are prohibited from:

a) conducting operations that do not comply with the principles of selectivity, guarantee, liquidity, and risk diversification;

b) granting credit or advances without the establishment of an adequate title, representative of the debt." (NR)

Article 2. This resolution enters into force on the date of its
publication.

São Paulo, January 28, 2005.

Antonio Gustavo Matos do Vale
Acting President

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Annotations and obligations
3 obligations · 2 definitions
  • Obligation 3
  • Definition / condition 2
  • background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Resolution No. 1559 dated1988-12-22Not in RegAlertResolution No. 1559 dated 1988-12-22 — Not in RegAlertCMN Resolution No. 3258 —Amending Item IX of Resolutio…2005-01-27 · this documentCMN Resolution No. 3258 — Amending Item IX of Resolution 1,559 of 1988 (2005-01-27)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Amends
  • Resolution No. 1559 dated 1988-12-22Not in RegAlert

    “Amend Item IX of Resolution 1,559, of December 22, 1988”

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