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Rule · BCB · 26 Mar 1998 · Resolução CMN 2475

Resolution CMN No. 2475 — Prohibits the granting of advantages in the collection of public funds

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Resolution CMN No. 2475 prohibits the offering or distribution of bonuses, prizes, or other advantages, including interest payments, in the collection of sight deposits. The Central Bank of Brazil is authorized to issue necessary norms and measures to ensure compliance with this prohibition. The resolution enters into force on the date of its publication and revokes Resolution No. 1,854, Circular Letter No. 2,759, and Communication No. 2,487.

BrazilBanco Central do Brasil

RESOLUTION NO. 2475

Provides for the granting of advantages in the collection of public funds.

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, in a session held on March 26, 1998, based on the provisions of Article 4, item IX, of the aforementioned Law and Article 7 of Decree-Law No. 2,291 of November 21, 1986,

RESOLVES:

Article 1. It is prohibited to offer or distribute bonuses, prizes, or other advantages, including the payment of interest, in the collection of sight deposits.

Article 2. The Central Bank of Brazil is authorized to issue norms and adopt measures deemed necessary for the fulfillment of the provisions of this Resolution.

Article 3. This Resolution enters into force on the date of its publication.

Article 4. Resolution No. 1,854 of July 31, 1991, Circular Letter No. 2,759 of August 14, 1997, and Communication No. 2,487 of August 2, 1991, are hereby revoked.

Brasília, March 26, 1998

Gustavo H. B. Franco
President

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Lei n.º 4.595, de 31 de dezembrode 1964 — dispõe sobre a política…1964 · BR-LAWLei 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) (1964-12-31)Decreto-Lei nº 2.291, de 21 denovembro de 1986 — Extingue o Ban…1986 · BR-LAWDecreto-Lei nº 2.291, de 21 de novembro de 1986 — Extingue o Banco Nacional da Habitação - BNH, e dá outras Providências (Decree-Law No. 2,291 of 21 November 1986 — Abolishes the National Housing Bank (BNH) and makes other provisions) (1986-11-21)Circular Letter No. 2759:Clarification on Submission of Pu…1997 · BCBCircular Letter No. 2759: Clarification on Submission of Public Fundraising Campaigns to the Central Bank of Brazil (1997-08-14)Communication No. 2,487 of August2, 1991Not in RegAlertCommunication No. 2,487 of August 2, 1991 — Not in RegAlertResolution No. 1854 dated1991-07-31Not in RegAlertResolution No. 1854 dated 1991-07-31 — Not in RegAlertResolution CMN No. 2475 —Prohibits the granting of adv…1998-03-26 · this documentResolution CMN No. 2475 — Prohibits the granting of advantages in the collection of public funds (1998-03-26)Mentions (1)a document that mentions itopen the list below the graph ▾Mentions (1): a document that mentions it without changing it — open the list below the graph
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This document supersedes: Circular Letter No. 2759: Clarification on Submission of Public Fundraising Campaigns to the Central Bank of Brazil

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