CMN Resolution No. 5023 — Adjusts norms applicable to operations contracted with resources from the Land and Agrarian Reform Fund Mais

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,023, OF JUNE 29, 2022

Adjusts norms applicable to operations contracted with resources from the Land and Agrarian Reform Fund Mais.

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 an extraordinary session held on June 29, 2022, considering the provisions of item VI of
Article 4 of Law No. 4,595, of 1964, and Articles 4 and 14 of Law No. 4,829, of November 5
1965, of Complementary Law No. 93, of February 4, 1998, and of § 6 of Article 26 of Law No. 11,775, of September 17, 2008,

R E S O L V E D:

Art.
1º Section 7 (Land and Agrarian Reform Fund Mais) of Chapter 4 (Purposes and Special Instruments of Agricultural Policy) of the Rural Credit Manual (MCR) shall enter into force with the following changes:

“9 - The remuneration of financial agents for financing shall consider the costs of contracting, maintenance, call by public notice, and individualization, as established in the contracts signed by the managing body of the FTRA within the scope of its competence.” (NR)

“18 - For collective contracts celebrated until June 30, 2011, individualization is authorized until the end of the validity of the operation or its settlement.” (NR)

Art. 2º The items “a” and “b” of item
9 of Section 7 (Land and Agrarian Reform Fund Mais) of Chapter 4 (Purposes and Special Instruments of Agricultural Policy) of the MCR are hereby repealed.

Art. 3º This Resolution enters into force on July 1 2022.

Paulo
Sérgio
Neves de Souza

President of the Central Bank of Brazil, substitute