RegAlert2022-11-25 | Resolução CMN 5047Added
CMN Resolution No. 5047 — Provisions on the Establishment and Operation of Development Banks
CMN Resolution No. 5047 establishes the legal framework for the constitution and operation of development banks, defining them as public financial institutions created by Brazilian federative units. The regulation mandates Central Bank authorization, specifies permissible operations and funding sources, and sets capital requirements (with Articles 4 and its paragraph revoked by Joint Resolution No. 14 of November 3, 2025). It restricts activities to specific economic development projects, prohibits certain operations like managing investment funds, and bans the maintenance of agencies, with the resolution entering into force on January 1, 2023.
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CMN RESOLUTION NO. 5,047, OF NOVEMBER 25, 2022
Provisions on the establishment and operation of development banks.
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 November 24, 2022, based on Article 4, item VIII, of the aforementioned Law,
R E S O
L V E U :
CHAPTER I
ON THE OBJECT AND SCOPE OF APPLICATION
Article 1. This Resolution regulates the establishment and operation of development banks.
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Lineage: Amended
Timeline
Amended 1 time · last 2025-11-03
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