Normative Instruction BCB No. 260 — Expressly Revokes Circular Letters of the Central Bank of Brazil Already Implicitly Revoked or Whose Effects Have Expired

NORMATIVE INSTRUCTION NO. 260, OF MARCH 30, 2022

Expressly revokes Circular Letters of the Central Bank of Brazil already implicitly revoked or whose effects have expired over time, as determined by Decree No. 10,139, of November 28, 2019.

The Head of the Department of Prudential and Exchange Regulation (Dereg), in the exercise of the authority conferred upon him by art. 23, item I, letter “a”; and art. 118, items I, letter “a”, and II, letters “a”, “b” and “c”, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, and considering the provisions of art. 1, sole paragraph, combined with art. 14, § 3, item I, of Complementary Law No. 95, of February 26, 1998, and art. 8 of Decree No. 10,139, of November 28, 2019,

R E S O L V E:

Art. 1. The following are revoked:

I - Circular Letter No. 2,881, of November 19, 1999;

II - Circular Letter No. 3,228, of March 7, 2006;

III - Circular Letter No. 3,245, of October 13, 2006;

IV - Circular Letter No. 3,270, of March 16, 2007;

V - Circular Letter No. 3,276, of May 31, 2007;

VI - Circular Letter No. 3,315, of April 30, 2008;

VII - Circular Letter No. 3,319, of May 7, 2008;

VIII - Circular Letter No. 3,385, of May 23, 2009;

IX - Circular Letter No. 3,449, of June 7, 2010;

X - Circular Letter No. 3,519, of August 26, 2011;

XI - Circular Letter No. 3,526, of December 14, 2011;

XII - Circular Letter No. 3,559, of June 25, 2012; and

XIII - Circular Letter No. 3,589, of March 28, 2013.

Art. 2. This Normative Instruction enters into force on May 2, 2022.

Ricardo Franco Moura

INFORMATION NOTE

Decree No. 10,139, of November 28, 2019, determines the revision and consolidation of the regulatory corpus of the organs and entities of the direct, autarchic, and foundational federal public administration, encompassing the normative acts issued within the scope of their respective competencies. This measure aims to revise, update, simplify, and consolidate normative acts, in order to rationalize the regulatory stock.

2. Among the actions listed in the aforementioned Decree, the express revocation of norms that no longer have efficacy stands out, either because they have already been implicitly revoked by subsequent norms or whose effects have already expired over time, having therefore exhausted their effects.

3. In this context, based on the provisions of article 8, items I, II and III, of Decree No. 10,139, of 2019, I propose the express revocation of Circular Letters of the Central Bank of Brazil already implicitly revoked or whose effects have expired over time.

4. Finally, it is worth highlighting the exemption from conducting a regulatory impact analysis (AIR) of this proposal, as provided for in article 4, item IV, of Decree No. 10,411, of June 30, 2020.