Resolution CMN No. 3334 — Establishes rules for financial institutions and other entities authorized by the Central Bank of Brazil, and amends and revokes regulatory provisions and norms issued by the Central Bank of Brazil relating to investment funds

The resolution authorizes foreign transfers related to external debt investment funds and prohibits financial institutions and other entities authorized by the Central Bank of Brazil from acquiring units of such funds, except for limited cases such as initial fund constitution under a 360‑day holding period not exceeding R$10 million, exclusive ownership by the administrator, or closed‑end funds without regulatory prohibition. It also restricts administrators, their controlling entities and affiliates from holding fund units, providing guarantees, using own‑issued assets as collateral, or making contributions to the funds, with specific exemptions. Additionally, the text amends several items in prior resolutions (including Annex II of Resolution 2.099, Resolution 2.423, and definitions in Resolutions 2.693 and 2.907), updates references to investment‑fund categories, and revokes a list of earlier resolutions, with the resolution taking effect on its publication date.

BCB published 15 documents in the last 30 days — get each new one by email the day it lands.

RESOLUTION No. 003334

Establishes rules to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil, and also amends and revokes regulatory provisions and norms issued by the Central Bank of Brazil relating to investment funds, in consequence of Law 10.303 of 2001, or without function.

The CENTRAL BANK OF BRAZIL, pursuant to art. 9 of Law 4.595 of 31 December 1964, makes public that the NATIONAL MONETARY COUNCIL, in a session held on 22 December 2005, based on Law 4.131 of 3 September 1962, art. 4, items V, VIII, XIII and XXXI of that law, on Law 4.728 of 14 July 1965, on Law 6.385 of 7 December 1976, art. 4 of Law 9.932 of 20 December 1999, on Decree 55.762 of 17 February 1965, and on Provisional Measure 2.162‑72 of 23 August 2001, and having regard to the competence assigned to the Securities and Exchange Commission by virtue of Law 10.303 of 31 October 2001, which amends and adds provisions to the aforementioned Law 6.385 of 1976 concerning the issuance of rules on investment funds,

Read the rest free, and get an email when BCB publishes again

Email me when BCB publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: Superseded

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Show all related documents (23)

Superseded by: Resolution CMN No. 3568 — Regulates the foreign exchange market and provides other measures2008
Supersedes: Resolution No. 1.429 dated 1987-12-15not in RegAlertResolution No. 1.787 dated 1991-02-01not in RegAlertResolution No. 1.806 dated 1991-03-27not in RegAlertResolution No. 2.111 dated 1994-09-22not in RegAlertResolution No. 2.183 dated 1995-07-21not in RegAlertResolution No. 2.406 dated 1997-06-26not in RegAlert
+2 more
Resolution No. 2.536 dated 1998-08-26not in RegAlertResolution No. 2.931 dated 2002-02-14not in RegAlert
Amends: Resolution No. 2.099 dated 1994-08-17not in RegAlertResolution No. 2.423 dated 1997-09-23not in RegAlertResolution No. 2.607 dated 1999-05-27not in RegAlertResolution No. 2.693 dated 2000-02-24not in RegAlertResolution No. 2.801 dated 2000-12-07not 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. 2.162-72 dated 2001-08-23not in RegAlertLaw No. 10.303 dated 2001-10-31not in RegAlertLaw No. 4.131 dated 1962-09-03not in RegAlertLaw No. 4.728 dated 1965-07-14not in RegAlertLaw No. 6.385 dated 1976-12-07not in RegAlert
+2 more
Law No. 9.932 dated 1999-12-20not in RegAlertRegulation No. 55.762 dated 1965-02-17not in RegAlert
Referred to by: Circular No. 3398 — Establishes Procedures for Remitting Information Regarding the Calculation of Regulatory Minimum Limits and Standards2008

Timeline

Amended 1 time · last 2008-05-29

2008-05-29BCBResolution CMN No. 3568 — Regulates the foreign exchange market and provides other measuressupersedes

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