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

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;

III - Circular Letter No. 3,034, of August 19, 2002;

IV - Circular Letter No. 3,318, of May 6, 2008;

V - Circular Letter No. 3,523, of October 18, 2011;

VI - Circular Letter No. 3,677, of November 7, 2014; and

VII - Circular Letter No. 3,865, of February 20, 2018.

Article 2. This Normative Instruction enters into force on June 1, 2022.

Article 2. This Normative Instruction enters into force on July 1, 2022. (Wording given by Normative Instruction BCB No. 281, of 4/18/2022.)

Rogério Antônio Lucca

NOTE

Decree No. 10,411, of June 30, 2020, determines, in its Article 3, that the issuance, alteration, or revocation of normative acts of general interest for economic agents or users of services provided by direct, autarchic, and foundation entities of the federal public administration must be preceded by a Regulatory Impact Analysis (AIR).

However, this same Decree lists, in the items of § 2 of its Article 3, normative acts to which the aforementioned obligation does not apply, among which we highlight acts “that deal strictly with exchange and monetary policy” (item IV of said paragraph).

Therefore, given that it deals strictly with monetary policy, the preparation of an AIR does not apply to the normative instruction currently proposed.

Rogério Antônio Lucca

Head of the Department of Banking Operations and Payment Systems