Decree Of 07 November 2008

Original Language Title: Decreto de 07 de novembro de 2008

Read the untranslated law here: https://www.global-regulation.com/law/brazil/2895579/decreto--de-07-de-novembro-de-2008.html

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DECREE of 7 NOVEMBER 2008.
Recognizes as of interest to the Brazilian Government to foreign participation in the capital of a financial institution to be controlled by the Bank of China Limited, Beijing-based company, People's Republic of China.
The PRESIDENT of the REPUBLIC, in the use of the role that gives the art. 84, section IV, of the Constitution, and in view of the provisions of art. 52, sole paragraph, of the Act of the Transitional constitutional provisions, DECREES: Art. 1 it is in the interest of the Brazilian Government to foreign participation, up to 100%, capital of a financial institution to be controlled by the Bank of China Limited, Beijing-based company, People's Republic of China.
Art. 2 the Central Bank of Brazil will adopt the measures necessary for the implementation of the provisions of this Decree.
Art. 3 this Decree shall enter into force on the date of its publication.
Brasilia, November 7 2008; 187o of independence and 120(1) of the Republic.

LUIZ INACIO LULA DA SILVA Henrique de Campos Meirelles Guido Mantega