Regulatory Alerts2020-04-29 | Carta Circular 4040Circular Letter No. 4040 — Amends Circular Letter No. 3,967 of August 2, 2019, Establishing Procedures for Remitting Information on Investment Fund Unitholders Due to the Impacts of Covid-19 on the Economy
The Head of the Department of Financial System Monitoring (Desig) of the Central Bank of Brazil issued Circular Letter No. 4040 to amend Circular Letter No. 3,967 of August 2, 2019. This amendment mandates that administrators of investment funds and financial institutions acting as distributors remit information regarding unitholders monthly, as specified in Circular No. 3,945 of June 12, 2019. The regulation enters into force on the date of its publication.
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