Resolution CMN No. 2199 — Authorizes entities within the Brazilian Savings and Loan System (SBPE) to accept linked savings deposits

RESOLUTION NO. 002199

Authorizes entities within the Brazilian Savings and Loan System (SBPE) to accept linked savings deposits, as regulated herein.

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 NATIONAL MONETARY COUNCIL, by act of September 5, 1995, based on Article 8, paragraph 1, of Law No. 9,069 of June 29, 1995, "ad referendum" of that Council, and having in view the provisions of Article 7 of Decree-Law No. 2,291 of November 21, 1986,

RESOLVES:

Article 1. Amend Article 1 of Resolution No. 2,173 of June 30, 1995, which shall henceforth read as follows:

"Article 1. Authorize entities within the Brazilian Savings and Loan System (SBPE) to accept linked savings deposits, intended for the granting of credit to the account holder for the acquisition and/or renovation and expansion of real estate, as well as for the construction of real estate on land owned or to be acquired with the funds granted."

Article 2. This Resolution enters into force on the date of its publication.

Brasília, September 5, 1995

Gustavo Jorge Laboissière Loyola
President