# Law No. 6045 of May 15, 1974

> Brazilian law

**Wikidata**: [Q105659859](https://www.wikidata.org/wiki/Q105659859)  
**Source**: https://4ort.xyz/entity/law-no-6045-of-may-15-1974

## Summary
**Law No. 6045 of May 15, 1974** is a Brazilian federal statute enacted to restructure the nation's financial authority by amending the constitution and competency of the National Monetary Council (*Conselho Monetário Nacional*). Promulgated by President Ernesto Geisel, the law provided new regulatory provisions regarding the Central Bank of Brazil, the Bank of Brazil, and the Ministry of Finance. It serves as a formal legal instrument governing monetary policy administration within the Federative Republic of Brazil.

## Key Facts
- **Full Title:** Lei nº 6045, de 15 de maio de 1974.
- **Date of Enactment:** May 15, 1974.
- **Classification:** Instance of a **statute** (a formal written document that creates law).
- **Approving Authority:** Presidency of the Federative Republic of Brazil.
- **Promulgated By:** Ernesto Geisel (via promulgation on May 15, 1974).
- **Jurisdiction:** Brazil (Federative Republic of Brazil).
- **Place of Publication:** Brasília.
- **Language:** Brazilian Portuguese.
- **Digest:** "ALTERA A CONSTITUIÇÃO E A COMPETENCIA DO CONSELHO MONETARIO NACIONAL E DA OUTRAS PROVIDENCIAS" (Alters the Constitution and Competency of the National Monetary Council and provides other measures).
- **Primary Subjects:** National Monetary Council (CMN), Central Bank of Brazil (Bacen), Bank of Brazil, Ministry of Finance of Brazil (MF), Ministers of State, Presidents, Directors.
- **Key Concepts Addressed:** Composition (*Composição*), Participation (*Participação*), Competency (*Competencia*), Requirements (*Requisitos*), Changes (*Alteração*).
- **Legal Citation:** Lei nº 6045/1974.
- **Lexml Brazil ID:** `urn:lex:br:federal:lei:1974-05-15;6045`.
- **Official URL:** `https://www.planalto.gov.br/ccivil_03/leis/l6045.htm`.
- **Source References:** Legislation verified via `legislacao.presidencia.gov.br` and `lexml.gov.br` in 2021.

## FAQs

**What was the primary purpose of Law No. 6045?**
The law was enacted to alter the constitution and operational competency of the National Monetary Council (CMN). It also established specific provisions regarding the Central Bank of Brazil and the Bank of Brazil.

**Who signed Law No. 6045 into effect?**
The statute was approved by the Presidency of the Federative Republic of Brazil and promulgated by President Ernesto Geisel on May 15, 1974.

**Which government bodies are regulated by this law?**
The law specifically targets the National Monetary Council (CMN) and the Central Bank of Brazil (Bacen). It also references the Bank of Brazil and the Ministry of Finance of Brazil (MF) in relation to ministerial and director participation.

**Where is the official text of the law available?**
The law is legally cited as *Lei nº 6045/1974* and can be accessed via the official Brazilian government portal at the Planalto website (`ccivil_03/leis/l6045.htm`). It is also indexed under the Lexml Brazil ID `urn:lex:br:federal:lei:1974-05-15;6045`.

## Why It Matters
Law No. 6045 of May 15, 1974, represents a significant adjustment in the structural hierarchy of Brazil's financial regulation during the military dictatorship era. By redefining the competency of the **National Monetary Council (CMN)**—the supreme body of the national financial system—the law shifted how monetary policy was formulated and executed. This restructuring impacted the relationship between the **Central Bank of Brazil** and the **Bank of Brazil**, clarifying roles regarding directors, ministers of state, and operational requirements. As a statute, it functioned as the concrete manifestation of statutory law, binding the relevant financial authorities to the new regulatory framework defined by the Geisel administration.

## Notable For
- **Restructuring Financial Governance:** Directly amended the operational scope of the National Monetary Council, Brazil's top monetary policy entity.
- **Geisel Administration Reform:** Enacted early in the presidency of Ernesto Geisel, marking a period of governmental reorganization.
- **Inter-institutional Regulation:** Uniquely addresses the intersection of the Central Bank, Bank of Brazil, and Ministry of Finance in a single legislative act.
- **Formal Statutory Classification:** Explicitly classified as a *statute*, serving as a formal written document that creates law rather than a temporary measure.
- **Lexml Integration:** Identified by the persistent URN `urn:lex:br:federal:lei:1974-05-15;6045`, ensuring its permanent accessibility in the Brazilian legal semantic web.

## Body

### Legislative Identification and Approval
Law No. 6045 (Lei nº 6045) was enacted on May 15, 1974, in Brasília, Brazil. It serves as an instance of a **statute**, a formal written document created to establish law. The authority behind the law is the **Presidency of the Federative Republic of Brazil**, with the specific determination method being **promulgation**. The law was signed and enacted by **Ernesto Geisel**, who served as the President at the time. The official citation for the law is *Lei nº 6045/1974*, and it was published in Brazilian Portuguese.

### Subject Matter and Scope
The official digest of the law states: "ALTERA A CONSTITUIÇÃO E A COMPETENCIA DO CONSELHO MONETARIO NACIONAL E DA OUTRAS PROVIDENCIAS" (Alters the Constitution and Competency of the National Monetary Council and provides other measures).

The statute explicitly addresses the following entities and concepts:
-   **National Monetary Council (Conselho Monetário Nacional - CMN):** The primary target of the constitutional and competency alterations.
-   **Central Bank of Brazil (Banco Central Do Brasil - Bacen):** A main subject of the law, specifically regarding composition and direction.
-   **Bank of Brazil (Banco Do Brasil):** Referenced in the context of organizational changes.
-   **Ministry of Finance of Brazil (Ministerio Da Fazenda - MF):** Involved through the role of the Minister of State.
-   **Roles and Composition:** The law details the roles of the **President**, **Minister of State**, and **Director** ("head teacher"), as well as "participation" and "design requirements."

### Regulatory Framework and Context
This law operates within the jurisdiction of **Brazil** and applies nationwide. It acts as a foundational rule that modifies the previous standing of the financial regulatory bodies. As a statute, it is recognized as a subclass of a written work and a document, differentiating it from broader legal theories or simple administrative rulings. The law is part of the "WikiProject Brazilian Laws," indicating its recognition in structured knowledge bases as a significant legislative act.

### Accessibility and Identifiers
The full text of the law is accessible to the public via the official government portal. It is available at the URL `https://www.planalto.gov.br/ccivil_03/leis/l6045.htm`. The law is indexed in the Brazilian Legal Information system (Lexml) with the unique identifier `urn:lex:br:federal:lei:1974-05-15;6045`. The information regarding the law's text, enactment date, and signing authority has been verified through references to both the `legislacao.presidencia.gov.br` and `lexml.gov.br` portals.

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1974-05-15;6045)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=6045&ano=1974&data=15/05/1974&ato=a39MTWU5kenRVTb35)
3. LexML Brasil