Resolution 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, 1999

Amends articles 3 and 4 of Annex II of Resolution 2,099 (1994) as modified by Resolution 2,607 (1999) to set new compliance deadlines for institutions’ paid‑in capital and net‑worth minimums – 50 % by 31 August 2000 and full compliance by 31 August 2001 – and to require immediate compliance for certain authorizations, branch openings and activity habilitations, except for requests filed before 27 May 1999. Provides a transitional calculation formula (LI = LA + [(LME‑LA)/2]) for the period 31 August 2000 to 30 August 2001 and maintains prior limits for institutions operating as of 27 May 1999. Revokes Circular 2,500 (1994) and Circular Letter 2,872 (1999). Effective upon publication.

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RESOLUTION No. 002678

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, 1999.

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 a session held on 21 December 1999, considering 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Lineage: Superseded

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Timeline

Amended 1 time · last 2025-11-03

2025-11-03BCBJoint Resolution No. 14 — Methodology for Calculating Minimum Paid-in Share Capital and Net Equity Limits for Financial Institutionssupersedes

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