RegAlert2021-02-12 | Resolução CMN 4888Added
CMN Resolution No. 4,888 — Amends Resolution No. 4,734 of June 27, 2019, regarding new homologatory testing stages for financial institutions and extends the effective date
This resolution amends Resolution No. 4,734 of 2019 by establishing that financial institutions must successfully complete all stages of integration homologatory tests to demonstrate aptitude to comply with the regulation. It introduces sanctions and administrative measures for non-compliance, including the provisional suspension of operations as determined by the Central Bank of Brazil. The effective date for most provisions is extended to June 7, 2021, while specific articles regarding testing stages remain effective upon publication. Additionally, paragraphs 4 and 5 of Article 7-A of the original resolution are revoked.
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Resolution
CMN RESOLUTION NO.
4,888, OF FEBRUARY 12, 2021
Amends Resolution No. 4,734, of June 27,
2019, providing for the carrying out of new stages of homologatory tests by financial institutions and extending the date for the entry into force of the aforementioned Resolution.
The Central Bank of Brazil, in accordance with art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on February 11, 2021, based on the provisions of arts. 4, items VI and VIII, of the aforementioned Law, and 26-A of Law No. 12,810, of May 15, 2013,
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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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