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2022-03-24 | Resolução CMN 5005

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CMN Resolution No. 5005 — Conditions for Time Deposit Collection

CMN Resolution No. 5005 establishes the conditions for the collection of time deposits, specifying that multiple, commercial, investment, and development banks, savings banks, and credit, financing, and investment societies may collect these deposits, while credit cooperatives are restricted to collecting from their members via Bank Deposit Receipts or from municipalities. The resolution prohibits the collection of notice, non-negotiable shareholder, and automatic reinvestment deposits, as well as time deposits from financial institutions, with exceptions for microentrepreneur credit societies and small businesses. It revokes previous resolutions 916, 3,454, and specific articles from resolutions 4,659 and 4,812, and enters into force on May 2, 2022.

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CMN RESOLUTION NO. 5,005, OF MARCH 24, 2022

Provides for the conditions for the collection of time deposits.

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 24, 2022, based on Articles 4, items VIII and XXXII, of the aforementioned Law, Articles 1, paragraph 1, of Complementary Law No. 130 of April 17, 2009, 14, items II and III, and 29, item III, of Law No. 4,728 of July 14, 1965, and 40 of Law No. 13,986 of April 7, 2020,

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Lineage: In force

Complementary Law No. 130, of A…2009Law No. 13986 dated 2020-04-07not in RegAlertLaw No. 4595 dated 1964-12-31not in RegAlertLaw No. 4728 dated 1965-07-14not in RegAlertCMN Resolution No. 4812 - Gover…2020Resolution No. 3454 dated 2007-…not in RegAlertResolution No. 4659 dated 2018-…not in RegAlertResolution No. 916 dated 1984-0…not in RegAlertCMN Resolution No. 5005 —Conditions for Time Deposit C…2022-03-24 · this document
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This document amends: CMN Resolution No. 4812 - Governs the fundraising instruments for credit, financing, and investment companies

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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