RegAlert1999-05-27 | Resolução CMN 2607Added
Resolution CMN No. 2607 — Establishes minimum limits of realized capital and net worth of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, amends provisions of Resolution No. 2.212 of 16 November 1995, and modifies the applicable regulation to Banking Service Points (PAB)
The resolution sets specific minimum amounts of realized capital and net worth for various categories of financial and authorized institutions, includes a 30% reduction for institutions with at least 90% of branches outside Rio de Janeiro and São Paulo, adds extra capital requirements for participation in the free‑rate foreign‑exchange market, and permits up to ten branches with additional conditions for extra branches; it also establishes compliance deadlines (50% by 30 June 2000 and full by 30 June 2001), amends the risk‑factor table in Resolution 2.212, removes the applicability of Annex III art. 18 to Banking Service Points, and revokes several earlier provisions, while authorising the Central Bank to adopt necessary measures.
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RESOLUTION No. 002607
Establishes minimum limits of realized capital and net worth of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, amends provisions of Resolution No. 2.212 of 16 November 1995, and modifies the regulation applicable to Banking Service Points (PAB).
The CENTRAL BANK OF BRAZIL, pursuant to art. 9 of Law No. 4,595 of 31 December 1964, makes public that the NATIONAL MONETARY COUNCIL, in session held on 27 May 1999, having regard to the provisions of art. 4, items VIII and XIII, of the said Law, Law No. 4,728 of 14 July 1965, art. 20, paragraph 1, of Law No. 4,864 of 29 November 1965, art. 6 of Decree‑Law No. 759 of 12 August 1969, and Law No. 6,099 of 12 September 1974, with the amendments introduced by Law No. 7,132 of 26 October 1983,
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Lineage: Superseded
Show all related documents (15)
- Superseded by
- Joint Resolution No. 14 — Methodology for Calculating Minimum Paid-in Share Capital and Net Equity Limits for Financial Institutions2025
- Supersedes
- Circular No. 2500 dated 1994-10-26not in RegAlertCircular No. 2501 dated 1994-10-26not in RegAlert
- Amends
- Resolution CMN No. 2122 — Approves the constitution, organization and operation of mortgage companies1994Resolution dated 1994-08-17not in RegAlertResolution No. 2212 dated 1995-11-16not in RegAlert
- 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)1964Act No. 759 dated 1969-08-12not in RegAlertLaw No. 4728 dated 1965-07-14not in RegAlertLaw No. 4864 dated 1965-11-29not in RegAlertLaw No. 6099 dated 1974-09-12not in RegAlertLaw No. 7132 dated 1983-10-26not in RegAlert
- Referred to by
- Circular No. 3398 — Establishes Procedures for Remitting Information Regarding the Calculation of Regulatory Minimum Limits and Standards2008Resolution CMN No. 2723 — Establishes norms, conditions and procedures for the establishment of branches abroad and for direct or indirect equity participation in Brazil and abroad by financial institutions and other institutions authorized by the Central Bank of Brazil2000Resolution CMN No. 2678 — Alters deadlines and conditions relating to the minimum limits of paid‑in capital and net worth set in Annex II Regulation to Resolution No. 2,099, 1994, as amended by art. 1 of Resolution No. 2,607, 19991999
Timeline
Amended 1 time · last 2025-11-03
- 2025-11-03
BCBJoint Resolution No. 14 — Methodology for Calculating Minimum Paid-in Share Capital and Net Equity Limits for Financial Institutionssupersedes
This document amends: Resolution CMN No. 2122 — Approves the constitution, organization and operation of mortgage companies
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
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