RegAlert2022-09-29 | Resolução CMN 5039Added
CMN Resolution No. 5,039 — Adjusts Rules for Monitoring and Inspection of Proagro Operations and Sicor Registration Procedures
CMN Resolution No. 5,039 establishes Section 11 of the Rural Credit Manual (MCR) regarding monitoring and inspection of Proagro operations and amends Section 5 to impose a 90-day maximum deadline for agents to analyze and judge coverage requests. The resolution mandates that agents register reasons for any deadline non-compliance in the Sicor system and holds agents liable for sanctions if delays are attributable to them. It explicitly prohibits specific individuals and entities, such as technical assistants, input suppliers, and political officeholders, from performing monitoring activities, while granting the Central Bank of Brazil direct oversight and audit powers. The regulation entered into force on January 2, 2023.
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The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.
CMN RESOLUTION NO. 5,039, OF SEPTEMBER 29, 2022
Adjusts, within the scope of the Agricultural Activity Guarantee Program (Proagro), rules applicable to the monitoring and inspection of qualified operations and to the registration of procedures in the Rural Credit and Proagro Operations System (Sicor) after the deadlines provided in the regulation.
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 September 29, 2022, considering the provisions of Article 4, item VI, of the aforementioned Law, Articles 4, 5, and 14 of Law No. 4,829, of November 5, 1965, Articles 59, 65-A, and 66-A of Law No. 8,171, of January 17, 1991, and Article 4 of Decree No. 175, of July 10, 1991,
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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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