Resolution CMN No. 2931 — Establishes the criteria for evaluating assets in the portfolios of financial investment funds and funds investing in investment fund quotas

RESOLUTION NO. 2931

Establishes the criteria for evaluating the assets included in the portfolios of financial investment funds and funds investing in quotas of investment funds.

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 February 14, 2002, based on Article 8, paragraph 1, of Law No. 9,069 of June 29, 1995, "ad referendum" of that Council, and considering the provisions of Law No. 4,728 of July 14, 1965, and Articles 3 and 4, item "c", of Decree-Law No. 1,290 of December 3, 1973,

RESOLVES:

Article 1. Amend Article 1, paragraph 1, item II, of Resolution No. 2,183 of July 21, 1995, which shall henceforth read as follows:

"Article 1......

Paragraph 1. The regulation referred to in this article must include, at a minimum, the following:

I - ...;

II - the obligation to adopt the criterion for evaluating the assets included in the fund's portfolio at their market value, except in the cases expressly provided for in the regulations of the Central Bank of Brazil;

......" (New text)

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

Brasília, February 14, 2002

Arminio Fraga Neto
President