Rule · BCB · 30 Mar 2023 · Resolução CMN 5064
The Central Bank of Brazil amends Resolution CMN No. 5,056 by defining the international interest rate indicator (J) as the Secured Overnight Financing Rate (SOFR) and establishing a threshold for foreign currency purchases where amounts up to US$10,000 or equivalent do not exceed 10% of the total purchase value. These changes apply to entities subject to the financial charge regulations outlined in Article 7 of Law No. 14,286. The resolution enters into force on May 2, 2023.
CMN Resolution No. 5,064, OF MARCH 30, 2023
Amends CMN Resolution No. 5,056, of December 15, 2022, which provides for the financial charge referred to in Article 7 of Law No. 14,286, of December 29, 2021.
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 March 30, 2023, based on § 2 of Article 7 of Law No. 14,286, of December 29, 2021,
RESOLVES:
Art. 1. Resolution CMN No. 5,056, of December 15, 2022, shall enter into force with the following amendments:
“Art. 1
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§ 4. The international interest rate indicator (J) referred to in item VI of § 1 is the Secured Overnight Financing Rate (SOFR).
§ 5. .................................................................................................................
I - up to US$10,000.00 (ten thousand United States dollars), or equivalent in another currency, provided that, cumulatively, they do not represent more than 10% (ten percent) of the total value of the foreign currency purchase;
................................................................................................................” (NR)
Art. 2. This Resolution enters into force on May 2, 2023.
Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil
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“Amends CMN Resolution No. 5,056, of December 15, 2022”
“based on § 2 of Article 7 of Law No. 14,286, of December 29, 2021”
“in accordance with Article 9 of Law No. 4,595, of December 31, 1964”
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