2022-04-28 | Resolução CMN 5016Added
CMN Resolution No. 5016 amends Article 3, Section 2 of the Regulation annexed to CMN Resolution No. 4,993 to prohibit the consideration of shares, securities, or obligations issued by the insurance company, capitalization society, open complementary pension entity, or local reinsurer, as well as those issued by or acquired from related parties, as guaranteeing assets. This resolution entered into force on May 2, 2022.
BCB published 18 documents in the last 30 days — get each new one by email the day it lands.
Resolution No. 5,016
CMN RESOLUTION NO. 5,016, OF APRIL 28, 2022
Amends § 2 of Art. 3 of the Regulation Annexed to CMN Resolution No. 4,993, of March 24, 2022.
The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on April 28, 2022, considering the provisions of Art. 28 of Decree-Law No. 73, of November 21, 1966, Art. 4 of Decree-Law No. 261, of February 28, 1967, Art. 1 of Law No. 9,477, of July 24, 1997, Art. 9 of Complementary Law No. 109, of May 29, 2001, and Art. 17 of Complementary Law No. 126, of January 15, 2007,
RESOLVES:
Art. 1 The Regulation Annexed to CMN Resolution No. 4,993, of March 24, 2022, shall enter into force with the following amendment:
“Art. 3 ............................................................................................................
.........................................................................................................................
§ 2 Shares, securities, or any obligations issued by the insurance company itself, the capitalization society, the open complementary pension entity, or the local reinsurer shall not be considered as guaranteeing assets, as well as shares, securities, and obligations issued by related parties or acquired through commercial or financial transactions with related parties.
................................................................................................................”
Art. 2 This Resolution enters into force on May 2, 2022.
Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil
Read the rest free
This document amends: Resolution CMN No. 4,993 — Standards for Investment of Technical Reserves, Provisions, and Funds
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