Circular Letter CVM/SNC 06/2008

CIRCULAR LETTER/CVM/SNC/N° 06/2008.
Rio de Janeiro, April 03, 2008.
Subject: Submission of Annual Periodic Information and Registration Update.

Dear Auditors,

This Circular Letter aims to alert Independent Auditors registered with this CVM regarding the obligations associated with the registration of Independent Auditor - Individual and Independent Auditor - Corporate, regardless of whether they are exercising the activity of independent audit within the Securities Market.

2. In this sense, we wish to alert Auditors, including those who obtained registration in the 2007 fiscal year, regarding the obligation to send Annual Periodic Information to this CVM by the last day of the month of April, 04/30/2008, in accordance with Article 16 and Annex VI of CVM Instruction No. 308, of 05/14/1999. Additionally, we emphasize that such Information may be submitted through our website (www.cvm.gov.br), under the option SUBMISSION OF DOCUMENTS.

3. Non-compliance with the provisions of Article 16 of CVM Instruction No. 308/99 constitutes an infraction of an objective nature, subjecting the offender to the application of a daily coercive fine, in accordance with Article 18 of the aforementioned Instruction, and also to the initiation of an Administrative Sanction Process, as provided in Article 38 of the same Instruction.

4. Similarly, we alert regarding the need for permanent updating of registration data, particularly concerning email addresses, fax, telephone numbers, and other information that allows immediate access by this CVM to the auditors registered therein. We highlight that, in accordance with Article 11 of CVM Instruction No. 452/07, communications and notifications regarding the application of coercive fines may be made, including, by electronic means, with the independent auditor bearing the burdens resulting from their failure to update. Such information can be automatically updated on our website: www.cvm.gov.br, accessing the option REGISTRATION UPDATE, provided with the CPF number and access password previously provided by this CVM. The failure to update registration data is also subject to the application of a coercive fine in accordance with Articles 17 and 18 of CVM Instruction No. 308/99.

Sincerely,

MADSON DE GUSMÃO VASCONCELOS ANTONIO CARLOS DE SANTANA Manager of Audit Standards Acting Superintendent of Accounting and Audit Standards