Regulatory Alerts2020-04-29 | Carta Circular 4038Circular Letter No. 4038 - Establishes Procedures for Sending Documentation via Digital Protocol, Requesting Information, Formalizing Requirements, Communicating Decisions, and Other Communications Related to the Examination of Processes
The Central Bank of Brazil's Department of Financial System Organization (Deorf) mandates that financial institutions and other authorized entities submit all documentation for authorization processes exclusively through the Digital Protocol to ensure efficient handling during the pandemic. The regulation specifies detailed formatting requirements for file naming, submission methods, and the routing of requests to specific organizational units based on the applicant's location and type. It also establishes procedures for the Central Bank's communications, including the use of electronic mail for information requests and digital signatures for final decisions, while repealing previous circulars.
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