Resolution CMN No. 1728 - Provides for the possibility of the Central Bank prohibiting the execution of committed operations involving specific securities and suspending any type of such operations

RESOLUTION NO. 001728

PROVIDES FOR THE POSSIBILITY OF THE CENTRAL BANK PROHIBITING THE EXECUTION OF COMMITTED OPERATIONS INVOLVING SPECIFIC SECURITIES, AS WELL AS SUSPENDING THE EXECUTION OF ANY TYPE OF SUCH OPERATIONS AND COMMITMENTS.

THE CENTRAL BANK OF BRAZIL, IN ACCORDANCE WITH ARTICLE 9 OF LAW NO. 4,595 OF DECEMBER 31, 1964, MAKES PUBLIC THAT THE PRESIDENT OF THE MONETARY NATIONAL COUNCIL, BY ACT OF JULY 9, 1990, BASED ON PARAGRAPH 2 OF ARTICLE 2 OF LAW NO. 8,056 OF JUNE 28, 1990, "AD REFERENDUM" OF THAT COLLEGIATE BODY, AND TAKING INTO ACCOUNT THE PROVISIONS OF ARTICLE 4, ITEM VI, OF THE REFERRED LAW

RESOLVES:

ART. 1. ADD A SOLE PARAGRAPH TO ARTICLES 1 AND 3 OF THE REGULATION ANNEXED TO RESOLUTION NO. 1,088 OF JANUARY 30, 1986, WITH THE FOLLOWING WORDING:

"ART. 1 - ...

SOLE PARAGRAPH - THE CENTRAL BANK OF BRAZIL MAY SUSPEND THE EXECUTION OF ANY OF THE TYPES OF OPERATIONS AND COMMITMENTS PROVIDED FOR IN THIS ARTICLE, AS WELL AS RENDER THE SUSPENSION WITHOUT EFFECT."

"ART. 3 - ...

SOLE PARAGRAPH - THE CENTRAL BANK OF BRAZIL MAY PROHIBIT THE EXECUTION OF THE OPERATIONS MENTIONED HEREIN INVOLVING ANY OF THE SECURITIES PROVIDED FOR IN THIS ARTICLE."

ART. 2. THIS RESOLUTION SHALL ENTER INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASILIA (DF), JULY 10, 1990

IBRAHIM ERIS
PRESIDENT

RETRANSMITTED DUE TO RENUMERATION OF THE LAST ARTICLE.