The General Inspection of Justice established new floors so that companies that manage prior savings plans for specific purposes can operate.
The General Inspection of Justice (IGJ) raised the minimum capital requirements for companies that collect savings from third parties for specific purposes.
Thus, the organization points out in a resolution published in the Official Gazette that “it is necessary to increase the requirement regarding the amount of the minimum capital of companies that raise funds from third parties, as well as the limit for placing contracts and the minimum initial mobile value per subscriber, in order to adapt them to the economic and financial reality current”.
Previous savings plans: changes for savers
The measure indicates that the entities included in the resolution “They must have a minimum available capital of no less than the sum of $100,000,000, determined in accordance with the provisions of Decree No. 142,277/43 and its amendments.”
“This figure may be increased in general by the General Inspection of Justice if it is considered necessary,” the rule says.
In the case of closed savings plans intended for the purchase, expansion or renovation of real estate, “the minimum capital of the managing entities that operate thes plans regulated in this chapter, the sum of $300,000,000.”
The standard indicates that in that case “the limit to place contracts for a total of $210,000 million, New contracts may be entered into until said limit is reached once the liquidation of the finalized groups has been completed.
Source: Ambito
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