Resolution CMN No. 4,957 — Establishes Maximum Limit for Investment in Fixed Assets

VOTE

RESOLUTION
CMN NO. 4,957, OF OCTOBER 21, 2021

Establishes maximum limit for investment in Fixed Assets.

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 October 21, 2021, considering the provisions of Article 4, items VIII and XI, of the aforementioned Law,

RESOLVES:

Art. 1. This Resolution establishes the maximum limit for investment in Fixed Assets of financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Art. 2. The institutions mentioned in Art. 1 must observe the maximum limit of 50% (fifty percent) of Reference Equity (RE), calculated in accordance with Resolution CMN No. 4,955, of October 21, 2021, for the amount of resources invested in Fixed Assets.

§ 1. The limit referred to in the main text must be observed permanently.

§ 2. The limit referred to in the main text must be observed on a consolidated basis for institutions that are part of the same prudential conglomerate, in accordance with the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

§ 3. Administrators of consortia and payment institutions are not subject to the provisions of this Resolution, and must observe the regulation issued by the Central Bank of Brazil, in the exercise of their legal powers.

§ 4. For the purpose of verifying compliance with the limit referred to in the main text, values corresponding to leasing operations shall not be included.

§ 5. Equity elements registered in Fixed Assets and deducted from RE, in accordance with Resolution CMN No. 4,955, of 2021, must be deducted from the amount of resources invested in Fixed Assets for the purpose of verifying compliance with the limit provided in the main text.

Art. 3. Observed the limit established in this Resolution, real estate belonging to the institutions mentioned in Art. 1 and intended for own use, while not in use, may be temporarily subject to lease, rental, or assignment, total or partial.

Art. 4. The institutions mentioned in Art. 1 or the prudential conglomerate must indicate a director responsible for compliance with the provisions of this Resolution.

Art. 5. The following are revoked:

I - item I of Art. 1 of Resolution No. 2,284, of June 5, 1996;

II - Resolution No. 2,283 of June 5, 1996;

III - Resolution No. 2,669, of November 25, 1999;

IV - Resolution No. 3,753, of June 30, 2009; and

V - Resolution No. 4,425, of June 25, 2015.

Sole Paragraph. Citations to Resolution No. 2,283, of 1996, shall henceforth refer to this Resolution.

Art. 6. This Resolution enters into force on January 3, 2022.

Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil