Rule · BCB · 22 Sep 1994 · Resolução CMN 2111

Resolution CMN No. 2111 — Authorizes the Establishment and Operation of Investment Funds Abroad

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Resolution CMN No. 2111 authorizes the establishment and operation of Investment Funds Abroad for the purpose of raising resources to invest in negotiable debt securities in the international market. It mandates that Brazilian investments abroad conducted under this resolution must be registered with the Central Bank of Brazil. The Central Bank of Brazil is authorized to adopt necessary measures and issue complementary regulations for the implementation of this resolution. The resolution entered into force on the date of its publication, September 22, 1994.

BrazilBanco Central do Brasil

RESOLUTION NO. 002111

Authorizes the establishment and operation of Investment Funds Abroad.

THE CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL, based on Articles 4, items V and XXXI, and 57 of the aforementioned Law and on Article 52, paragraph 2, of Decree No. 55,762 of February 17, 1965, with the wording given by Decree No. 1,251 of September 22, 1994,

RESOLVED:

Article 1. Authorize the establishment and operation of Investment Funds Abroad, intended for the raising of resources for application in negotiable debt securities in the international market.

Article 2. Establish that Brazilian investments abroad made in accordance with this Resolution are subject to registration with the Central Bank of Brazil.

Article 3. The Central Bank of Brazil is authorized to adopt measures and issue complementary regulations deemed necessary for the regulation and execution of the provisions of this Resolution.

Article 4. This Resolution enters into force on the date of its publication.

Brasília, September 22, 1994

Pedro Sampaio Malan
President

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Annotations and obligations

1 obligation · 1 permission · 2 definitions

Obligation 1
Permission 1
Definition / condition 2
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Superseded by

Resolution CMN No. 3334 — Establishes rules for financial institutions and other entities authorized by the Central Bank of Brazil, and amends and revokes regulatory provisions and norms issued by the Central Bank of Brazil relating to investment funds2005 · BCB
“2.111 of 22 September 1994”

Issued under

Lei 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)1964 · BR-LAW
“in accordance with Article 9 of Law No. 4,595 of December 31, 1964”
Decree No. 1,251 of September 22, 1994Not in RegAlert
“with the wording given by Decree No. 1,251 of September 22, 1994”
Decree No. 55,762 of February 17, 1965Not in RegAlert
“based on Articles 4, items V and XXXI, and 57 of the aforementioned Law and on Article 52, paragraph 2, of Decree No. 55,762 of February 17, 1965”

Timeline

Amended 1 time · last 2005-12-22

2005-12-22BCBResolution CMN No. 3334 — Establishes rules for financial institutions and other entities authorized by the Central Bank of Brazil, and amends and revokes regulatory provisions and norms issued by the Central Bank of Brazil relating to investment fundssupersedes

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