RegAlert2020-10-29 | Resolução CMN 4867Added
CMN Resolution No. 4867 — Amends Resolution No. 4734 regarding payment arrangement receivables discounting operations
Financial institutions must notify the Central Bank of Brazil by November 17, 2020, of their intention to participate in homologation integration tests for discounting payment arrangement receivables and secured credit operations. Failure to comply with these tests, as approved by the Central Bank, results in the provisional suspension of such operations starting from February 17, 2021. The Central Bank is authorized to define the test schedules, required documentation, and measures for institutions that fail to meet the timeline, including public disclosure of non-compliance. The resolution amends Articles 7-A, 8, and 11 of Resolution No. 4,734 of 2019.
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Resolution No. 4,867
CMN RESOLUTION
NO. 4,867, OF OCTOBER 29, 2020
Amends Resolution No. 4,734, of June 27, 2019, which establishes conditions and procedures for the conduct of discounting operations of payment arrangement receivables based on a post-paid account and a demand deposit, and of credit operations secured by such receivables, by financial institutions.
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 an extraordinary session held on October 29, 2020, based on the provisions of Article 4, items VI and VIII, of the aforementioned Law,
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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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