On July 26, 2012 the Brazilian Monetary Council (Conselho Monetário Nacional – CMN), through CMN Resolution No. 4115 (CMN Res. 4115/2012), amended CMN Resolution No. 4087, of May 24, 2012 (CMN Res. 4087/2012), which deals with the bylaws and regulation of the Brazilian Credit Guarantee Fund (Fundo Garantidor de Crédito – FGC), and changed and consolidated the rules on raising Time Deposits with Special Guarantee (Depósitos a Prazo com Garantia Especial – DPGE) of FGC.
Walter Stuber Consultoria Jurídica