CMN Resolution No. 5,062 of February 16, 2023

FINANCIAL STATEMENTS PUBLICATION IP AND CONSORTIUM - CONSOLIDATION

RESOLUTION
CMN NO. 5,062, OF FEBRUARY 16, 2023

Amends Resolution CMN No. 4,970, of November 25, 2021, which regulates the authorization processes related to the operation of the institutions it specifies.

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 16, 2023, based on Articles 1, paragraph 1, and 12, item I, of Complementary Law No. 130, of April 17, 2009,

RESOLVES:

Article 1. Resolution CMN No. 4,970, of November 25, 2021, shall enter into force with the following alterations:

“Article 1. ............................................................................................................

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XVII - securities distributing companies;

XVIII - peer-to-peer lending societies; and

XIX - service confederations.

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(NR)

“Article 3. ............................................................................................................

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III - the merger, split, or incorporation of an institution related to in Article 1, as well as the splitting of a credit cooperative or a service confederation, conditioned upon compliance with the requirements set forth in items III and IX of Article 2;

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VI - the alteration of the share capital value, except for credit cooperatives and service confederations, conditioned upon compliance with the requirement set forth in item II of Article 2, in case of an increase, or the requirements set forth in items III and IX of Article 2, in case of a reduction in capital;

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(NR)

“Article 6. ............................................................................................................

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II - convene for an interview the controllers, holders of qualified participation, and administrators of the institutions referred to in Article 1, and the founders of credit cooperatives and service confederations.” (NR)

“Article 7. ............................................................................................................

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§ 2. .................................................................................................................

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II - item II of the caput, in the case of credit cooperatives and service confederations; and

III - item III of the caput, in the case of development agencies, credit cooperatives, and service confederations.

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(NR)

“Article 11. The provisions of this Chapter do not apply to credit cooperatives, service confederations, and savings and loan associations.” (NR)

“Article 19. ............................................................................................................

I - ......................................................................................................................

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d) controllers, holders of qualified participation, founders, in the case of credit cooperatives and service confederations, or administrators fail to comply with the summons by the Central Bank of Brazil for an interview;

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(NR)

Article 2. This Resolution enters into force on the date of its publication.

Roberto de Oliveira
Campos Neto
President of the Central Bank of Brazil