CMN Resolution No. 5,212 — Amends CMN Resolution No. 5,118 of February 1, 2024 regarding the backing for the issuance of Agricultural Receivables Certificates (CRAs), Real Estate Receivables Certificates (CRIs), and Agricultural Credit Rights Certificates (CDCAs)

Resolution No. 5,212

CMN RESOLUTION NO. 5,212, OF MAY 22, 2025

Amends CMN Resolution No. 5,118, of February 1, 2024, which provides for the backing for the issuance of Agricultural Receivables Certificates – CRAs, Real Estate Receivables Certificates – CRIs, and Agricultural Credit Rights Certificates – CDCAs.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on May 22, 2025, based on Articles 3, caput, items I, II, and III, of Law No. 6,385, of December 7, 1976, and Article 49 of Law No. 11,076, of December 30, 2004,

R E S O L V E D:

Art. 1º CMN Resolution No. 5,118, of February 1, 2024, published in the Official Gazette of the Union on February 2, 2024, shall be amended as follows:

“Art. 3º ...................................................................................................................................

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

a) legal entity whose main sector of activity is not the real estate sector, in the case of CRIs, or agribusiness, in the case of CRAs and CDCAs; or

.......................................................................................................................................”
(NR)

Art. 2º The wording of Article 3, caput, item I, sub-item “a”, of CMN Resolution No. 5,118, of February 1, 2024, as amended by Article 1º, shall not apply to Agricultural Receivables Certificates – CRAs, Real Estate Receivables Certificates – CRIs, and Agricultural Credit Rights Certificates – CDCAs that, prior to the date of entry into force of this Resolution, have already been:

I - duly distributed; or

II - subject to an application for registration of distribution before the Securities and Exchange Commission, in public distribution offerings.

Sole Paragraph. Any term extensions for CRAs, CRIs, and CDCAs already distributed must respect the provisions of CMN Resolution No. 5,118, of February 1, 2024.

Art. 3º This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO

President of the Central Bank of Brazil