RegAlert2023-12-21 | Resolução CMN 5114Added
CMN Resolution No. 5,114 of December 21, 2023: Amendments to Resolution No. 4,222/2013 Regarding FGC-Associated Institutions' Federal Government Securities Allocation and DPGE Issuance Limits
CMN Resolution No. 5,114 amends Resolution No. 4,222/2013 to require FGC-associated institutions to allocate funds exclusively in federal government securities when their Reference Value exceeds six times their Adjusted Net Worth and 80% of their Reference Collections. The regulation establishes a specific calculation formula for the required allocation amount, incorporating a semi-annual reduction factor that phases out by July 2028. Additionally, the maximum limit for issuing Special Guarantee Time Deposits (DPGE) is set at the greater of two calculated values, capped at BRL 3 billion. The resolution enters into force on March 1, 2024, with the allocation obligations commencing on July 1, 2024.
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RESOLUTION
CMN NO. 5,114, OF DECEMBER 21, 2023
Amends Resolution No. 4,222, of May 23, 2013, to establish the conditions under which institutions associated with the Credit Guarantee Fund (FGC) must maintain amounts allocated in federal government securities and to amend the maximum limit for the issuance of Special Guarantee Time Deposits (DPGE).
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 December 21, 2023, based on Articles 3, item VI, and 4, item VIII, of the aforementioned law and on Article 28, paragraph 1, of Complementary Law No. 101, of May 4, 2000,
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This document amends: Resolution CMN No. 4222 — Amends and Consolidates the Statute and Bylaws of the Credit Guarantee Fund (FGC)
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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