Regulatory Alerts2020-04-09 | Circular 3999Circular No. 3999 — Amends deadlines for financial statement disclosure and submission of accounting documents to the Central Bank of Brazil due to the economic impacts of Covid-19
The Collegiate Board of the Central Bank of Brazil issued Circular No. 3999 to extend statutory deadlines for financial reporting and document submission in response to the economic impacts of the Covid-19 pandemic. The regulation mandates that institutions submit specific accounting documents for the period between March and November 2020 within extended timeframes ranging from the 22nd day to 45 days after the respective base dates. Additionally, the circular postpones the publication deadline for 2019 annual financial statements to April 30, 2020, and exempts institutions from separately disclosing recurring and non-recurring results in their 2020 interim reports.
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