RegAlert2021-02-26 | Resolução CMN 4895Added
CMN Resolution No. 4,895: Updates and Consolidates Rules for Supervision of Rural Credit Operations, Disclassification, and Reclassification
CMN Resolution No. 4,895 consolidates Sections 7 and 8 of Chapter 2 of the Rural Credit Manual (MCR), establishing comprehensive rules for the monitoring, supervision, disclassification, and reclassification of rural credit operations by financial institutions. The resolution mandates specific monitoring methods, including remote sensing, documentary, and on-site inspections, with defined timing for different credit types, and requires financial institutions to report irregularities and take corrective actions within 60 days of identification. It revokes several prior resolutions (Nos. 4,427, 4,641, 4,736, 4,810, 4,829, 4,843, and 4,864) and sets an effective date of July 1, 2021, for these consolidated supervisory and classification rules.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
Resolution No. 4,895
The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.
CMN RESOLUTION NO. 4,895, OF FEBRUARY 26, 2021
Updates and consolidates the rules applicable to the supervision of rural credit operations by financial institutions and consolidates the rules on disclassification and reclassification.
The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on February 25, 2021, considering the provisions of Article 4, item VI, of Law No. 4,595, of 1964, Articles 4, 10, item III, and 14 of Law No. 4,829, of November 5, 1965, Article 50 of Law No. 8,171, of January 17, 1991, and Article 5 of Decree No. 10,139, of November 28, 2019,
Read the rest free, and get an email when BCB publishes again
Lineage: Superseded
Timeline
Amended 1 time · last 2021-04-29
- 2021-04-29
BCBCMN Resolution No. 4,903 Revokes National Monetary Council Resolutions Currently Codified in the Rural Credit Manual (MCR)supersedes
This document supersedes: CMN Resolution No. 4829 - Amends Rural Credit Manual Directing Resource Percentages for Pronaf and Pronamp, CMN Resolution No. 4810 - Establishes Emergency Measures for Rural Credit Procedures Due to Social Distancing Measures to Mitigate Pandemic Impacts
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
More like this from BCB
BCB published 15 documents in the last 30 days. We email you each new one the day it's published.