RegAlert2006-01-26 | Resolução CMN 3339Added
Resolution CMN No. 3339 — Amends and Consolidates Regulations Governing Repo Operations Involving Fixed-Income Securities
Resolution 3339 amends and consolidates the regulations governing repo operations involving fixed-income securities, defining eligible transaction types, eligible securities, and operational limits. It establishes that at least one party must be a qualified financial institution, sets operational limits based on Reference Equity (PR), and mandates registration and settlement via the Special Settlement and Custody System (Selic) or authorized systems. The resolution prohibits operations with foreign currency exchange rate adjustment clauses (except for specific forward sales) and bans self-issued or self-accepted securities from July 3, 2006, while allowing existing positions to mature without renewal.
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RESOLUTION NO. 003339
Amends and consolidates the regulations governing repo operations involving fixed-income securities.
The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL, in a session held on January 26, 2006, based on Articles 4, items VI, VIII, IX, and XXI, of the aforementioned law, Articles 9, 10, 14, and 29 of Law 4,728 of July 14, 1965, and considering the provisions of Articles 16, item IV, and 24 of Law 6,385 of December 7, 1976,
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Lineage: Amended
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Amended 1 time · last 2025-11-28
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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