Resolution CMN No. 2828 — Establishes the constitution and operation of development agencies

Resolution CMN No. 2828 establishes that the constitution and operation of development agencies controlled by State or Federal District entities require authorization from the Central Bank of Brazil. These agencies are restricted to using own resources and funds from constitutional funds, government budgets, and development institutions, and are prohibited from accessing Central Bank credit lines, public deposits, or interbank deposits. The resolution mandates minimum capital and reference equity of R$4,000,000.00, requires a liquidity fund equal to at least 10% of obligations invested in federal public securities, and sets specific risk-weighted asset factors for calculating required net equity. Existing agencies must adapt to these provisions by December 31, 2002.

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RESOLUTION NO. 2828

Establishes the constitution and operation of development agencies.

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the NATIONAL MONETARY COUNCIL, in a session held on March 29, 2001, based on Article 4, item VIII, of the aforementioned law and on Article 1, paragraph 2, of Provisional Measure No. 2.139-64 of March 27, 2001,

RESOLVES:

Article 1. It is established that the constitution and operation of development agencies under shareholding control of a State or Federal District entity, whose corporate purpose is to finance fixed and working capital associated with projects in the State or Federal District where they are headquartered, depend on authorization from the Central Bank of Brazil.

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Lineage: Amended

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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 Institutionsamends

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