Normative Instruction BCB No. 242 — Revokes Regulations on Compulsory Deposits

This instruction revokes seven specific Circular Letters (Nos. 2,679, 3,002, 3,034, 3,318, 3,523, 3,677, and 3,865) that previously governed compulsory deposit requirements. The regulation enters into force on July 1, 2022, as amended by Normative Instruction BCB No. 281. The document explicitly states that the preparation of a Regulatory Impact Analysis (AIR) is not required because the instruction deals strictly with monetary policy.

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NORMATIVE INSTRUCTION BCB NO. 242, OF MARCH 14, 2022

Revokes regulations on compulsory deposits.

The Head of the Department of Banking Operations and Payment Systems (Deban), using the authority granted to him by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015,

R E S O L V E S:

Article 1. The following are revoked:

I - Circular Letter No. 2,679, of September 9, 1996;

II - Circular Letter No. 3,002, of April 15, 2002;

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Lineage: Amended

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Timeline

Amended 1 time · last 2022-04-18

2022-04-18BCBBCB Instruction No. 281 of April 18, 2022: Amends the Effective Date of Provisions in BCB Instructions Nos. 240, 241, and 242amends

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