RegAlert2022-03-24 | Resolução CMN 4990Added
CMN Resolution No. 4,990 — Amends Resolution No. 4,737 of July 29, 2019 regarding credit information reporting and database manager registration
This resolution amends Resolution No. 4,737/2019 by redefining the terms 'controller' and 'control group' for database managers organized as corporations or limited liability companies, and by establishing specific conditions for natural persons to hold these roles. It mandates that the Central Bank of Brazil may consider criminal, judicial, administrative, insolvency, or default proceedings when evaluating the suitability of controllers and directors. Additionally, it requires prior communication to the Central Bank for any changes in control and grants a regularization period if new controllers fail to meet the established requirements, under penalty of registration cancellation. The regulation also revokes specific previous clauses and enters into force on April 1, 2022.
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CMN RESOLUTION NO. 4,990, OF MARCH 24, 2022
Amends Resolution No. 4,737, of July 29, 2019, which provides for the supply, by financial institutions and other institutions authorized to operate by the Central Bank of Brazil, of compliance information regarding natural persons and legal entities to the managers of data banks referred to in Law No. 12,414, of June 9, 2011, and regarding the conditions for obtaining and canceling the registration of these managers.
The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on March 24, 2022, based on Articles 4, items VI and VIII, of the aforementioned Law, Article 7 of Law No. 6,099, of September 12, 1974, Article 1, paragraph 1, of Complementary Law No. 130, of April 17, 2009, and Article 12, paragraph 3, of Law No. 12,414, of June 9, 2011, and taking into account the provisions of Article 1, paragraph 3, item VII, of Complementary Law No. 105, of January 10, 2001,
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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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