RegAlert2021-11-25 | Resolução CMN 4970Added · Updated
CMN Resolution No. 4,970 — Regulates Authorization Processes for Financial Institutions
CMN Resolution No. 4,970 establishes the authorization requirements and procedures for the operation, control transfer, merger, and corporate transformation of various financial institutions, including commercial banks, investment banks, credit cooperatives, and securities distributors. It mandates economic-financial capacity, lawful resource origin, technological infrastructure compatibility, and the clean reputation and technical qualification of administrators and controllers. The resolution defines control thresholds, requires Central Bank of Brazil approval for key appointments, and subjects all processes to public consultation and supervisory clearance from the home country for foreign entities.
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Resolução Nº 4.970
RESOLUÇÃO
CMN Nº 4.970, DE 25 DE NOVEMBRO DE 2021
Regulates the authorization processes related to the operation of the institutions specified herein.
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 November 25, 2021, based on Articles 4, item VIII, and 10, item XI, of the aforementioned Law, in Law No. 4,728, of July 14, 1965, in Article 20, § 1, of Law No. 4,864, of November 29, 1965, in Article 1 of Decree-Law No. 70, of November 21, 1966, in Law No. 6,099, of September 12, 1974, in Article 7 of Decree-Law No. 2,291, of November 21, 1986, in Article 1, § 4, of Law No. 6,855, of November 18, 1980, in Article 1 of Provisional Measure No. 2,192-70, of August 24, 2001, in Articles 1, § 1, and 12 of Complementary Law No. 130, of April 17, 2009, and in Article 1, item II, of Law No. 10,194, of February 14, 2001,
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Lineage: In force
Show all related documents (15)
- Supersedes
- Resolution No. 3.166 dated 2004-01-29not in RegAlertResolution No. 4.122 dated 2012-08-02not in RegAlertResolution No. 4.279 dated 2013-10-31not in RegAlertResolution No. 4.308 dated 2014-01-30not in RegAlertResolution No. 4.434 dated 2015-08-05not in RegAlertResolution No. 4.656 dated 2018-04-26not in RegAlert
+1 more
Resolution No. 4.721 dated 2019-05-30not in RegAlert - Issued under
- Complementary Law No. 130, of April 17, 2009 – National Cooperative Credit System2009Lei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil)1964Act No. 2.192-70 dated 2001-08-24not in RegAlertAct No. 2.291 dated 1986-11-21not in RegAlertAct No. 70 dated 1966-11-21not in RegAlertLaw No. 4.728 dated 1965-07-14not in RegAlert
+2 more
Law No. 4.864 dated 1965-11-29not in RegAlertLaw No. 6.099 dated 1974-09-12not in RegAlert
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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