RegAlert2021-06-01 | Resolução BCB 98Added
Resolution BCB No. 98 — Establishes the Receivable Values Information System (SVR) and the remittance to the Central Bank of Brazil of information regarding amounts to be refunded to individuals and legal entities
Resolution BCB No. 98 establishes the Receivable Values Information System (SVR) and mandates financial institutions and other entities authorized by the Central Bank of Brazil to report amounts to be refunded to individuals and legal entities. These institutions must submit data on various refundable balances, including closed deposit accounts, prepaid payment accounts, securities registration accounts, improperly charged fees, and unclaimed consortium resources, with reporting frequencies set as monthly or quarterly depending on the asset type. The regulation requires institutions to designate a responsible director for compliance and allows the Central Bank to define operational conditions for voluntary refund processes and public consultation mechanisms. The resolution entered into force on October 1, 2021.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
RESOLUTION
BCB NO. 98, OF JUNE 1, 2021
Provides for the Receivable Values Information System (SVR) and the remittance to the Central Bank of Brazil of information regarding amounts to be refunded to individuals and legal entities.
The Collegiate Board of the Central Bank of Brazil, in a session held on May 25, 2021, based on arts. 10, item IX, and 37 of Law No. 4.595, of December 31, 1964, 1, § 1, of Complementary Law No. 130, of April 17, 2009, 7 of Law No. 6.099, of September 12, 1974, 6, 7, item III, and 8 of Law No. 11.795, of October 8, 2008, and 9, items II and VIII and § 3, of Law No. 12.865, of October 9, 2013,
Read the rest free, and get an email when BCB publishes again
Lineage: In force
Show all related documents (8)
- Issued under
- Complementary Law No. 130, of April 17, 2009 – National Cooperative Credit System2009Lei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil)1964Law No. 11.795 dated 2008-10-08not in RegAlertLaw No. 12.865 dated 2013-10-09not in RegAlertLaw No. 6.099 dated 1974-09-12not in RegAlert
- Basis for
- Normative Instruction BCB No. 336 — Amends Normative Instruction BCB No. 123 of 2021 to establish deadlines for sending documents with data on new sources of amounts to be refunded, and adopts other measures2022Normative Instruction BCB No. 167 of October 8, 20212021Normative Instruction BCB No. 123 — Establishes procedures for transmitting information for the Receivable Values Information System (SVR) regarding values to be returned and returned values to individuals and legal entities; and provides for optional adherence to conditions for consensual return of values2021
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
More like this from BCB
BCB published 15 documents in the last 30 days. We email you each new one the day it's published.