Resolution CMN No. 3440 — Defines New Deadline for Formalizing Credit Operations and Reimbursement of Compliance Bonuses

RESOLUTION NO. 003440

Defines new deadline for formalization of the credit operations covered by Articles 15 and 15-A of Law 11,322 of 2006, referring to operations contracted under the aegis of Resolutions 2,238 of 1996, 2,471 of 1998, and 2,681 of 1999, and subsequent amendments, and provides for the reimbursement to financial agents of the compliance bonus provided for in Article 2, items I and II, of Law 10,437 of 2002.

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 24, 2007, considering the provisions of Article 4, item VI, of the aforementioned law, Articles 4 and 14 of Law 4,829 of November 5, 1965, and Article 18 of Law 11,322 of July 13, 2006,

RESOLVES:

Article 1. The deadline for contracting the operations covered by Articles 15, items I and II, and 15-A, caput, of Law 11,322 of July 13, 2006, is extended until April 30, 2007, maintaining the other conditions established in previous regulations pertinent to the matter.

Article 2. The amount corresponding to the compliance bonus provided for in Article 2, items I and II, of Law 10,437 of April 25, 2002, provided that installments are regularized until April 30, 2007, for operations not acquired or not relieved of risk by the Union under the aegis of Article 2 of Provisional Measure 2,196-3 of August 24, 2001, shall be reimbursed to financial agents by the National Treasury, in accordance with Article 15, § 6, of Law 11,322 of 2006, with the wording given by Law 11,434 of December 28, 2006.

Article 3. This resolution enters into force on the date of its publication.

São Paulo, February 2, 2007.

Henrique de Campos Meirelles
President