CMN Resolution No. 5227 Adjusts Rules for Rural Credit Directing and the Agricultural Activity Guarantee Program under the 2025-2026 Agricultural and Livestock Plan

Resolution No. 5,227

The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,227,
OF JUNE 26, 2025

Adjusts rules applicable to directing for rural credit and to the Agricultural Activity Guarantee Program, established within the scope of the 2025-2026 Agricultural and Livestock Plan.

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 June 26, 2025, considering the provisions of Article 4, caput, item VI, of Law No. 4,595, of December 31, 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, Articles 59, 65-A, and 66-A of Law No. 8,171, of January 17, 1991, and Article 4 of Decree No. 175, of July 10, 1991,

R E S O L V E S:

Article 1. Section 2
(Obligatory) of Chapter 6 (Resources) of the Rural Credit Manual – MCR shall enter into force with the following alterations:

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b) financial institutions that capture resources in the form of Linked Interfinancial Deposit for Rural Credit – DIR;

c) confederations of central credit cooperatives, cooperative banks, central credit cooperatives, and singular credit cooperatives.” (NR)

Article 2. Section 6
(Linked Interfinancial Deposits for Rural Credit) of Chapter 6 of the MCR shall enter into force with the following alterations:

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c) singular credit cooperatives, provided they are not part of credit cooperative systems organized in two or three levels, observing the conditions of item 9;

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“11 - The capture of resources through DIR by credit cooperative systems organized in two or three levels must be carried out by the highest-level member of the system, with the transfer of resources to affiliated credit cooperatives permitted, observing the following conditions:

a) the start of the capture of the aforementioned resources must be previously communicated to the Central Bank of Brazil by the highest-level member of the system;

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c) any transfer of captured resources to affiliated credit cooperatives must be carried out through an interfinancial transfer, observing the provisions of MCR 6-1-14; and

d) the responsibility for proving the directing of resources to rural credit lies with the highest-level member of the system.” (NR)

Article 3. Section 2
(Classification) of Chapter 12 (Agricultural Activity Guarantee Program – Proagro) of the MCR shall enter into force with the following alterations:

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h)
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II - the sum of the values of indemnities granted to the CPF/CNPJ or to the CAR is equal to or greater than 60% (sixty percent) of the sum of the classified values of operations with approved losses, according to the calculation method established by the Central Bank of Brazil; and

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Article 4. The following are revoked:

I - Article 1 of CMN Resolution No. 5,216, of May 22, 2025, published in the Official Gazette of the Union on May 26, 2025, in the part that alters item 7, letter “c” of Section 2 of Chapter 6 of the MCR;

II - Article 1 of CMN Resolution No. 5,224, of June 6, 2025, published in the Official Gazette of the Union on June 10, 2025, in the part that alters item II of letter “h” of item 16 of Section 2 of Chapter 12 of the MCR; and

III - item 11, letter “b” of Section 6 of Chapter 6 of the MCR.

Article 5. This Resolution enters into force:

I - on the date of publication, regarding items I and II of Article 4; and

II - on July 1, 2025, regarding the remaining provisions.

GABRIEL
MURICCA GALÍPOLO
President of the Central Bank of Brazil