Circular Letter No. 2.885

CIRCULAR LETTER No. 002885 ------------------------ Clarifies the procedures relating to the instruction of processes and the sending of information related to the contracting of correspondents in the Country. Having in view the provisions of art. 1, Paragraph 2, of Resolution No. 2.640, of 25 August 1999, we clarify that: I - in the contracting of companies for the provision of the services referred to in art. 1, items I and II, of Resolution No. 2.640, of 1999, the contracting financial institution must present to the component of the Department of Organization of the Financial System (DEORF) to which it is subject the following documents and information: a) application, containing the identification of the contracted company (corporate name, registration number in the National Register of Legal Entities (CNPJ) and complete address of the head office) and the full name(s) and position(s) of the signatory(ies); b) copy of the contract entered into with the contracted company, containing, in addition to the clauses provided for in art. 2 of Resolution No. 2.640, of 1999, a provision establishing that the start of the provision of services may only occur after the granting of authorization by the Central Bank of Brazil; c) list of the municipalities in which the contracted company may provide the services referred to in this item, if they are not stated in the contract entered into with the contracting financial institution, with the indication of the CNPJ registration number and the complete address of each branch of the contracted company; II - in the contracting of companies for the provision of the other services provided for in art. 1 of Resolution No. 2.640, of 1999, the contracting financial institution must send to the component of the Department of Registration and Information (DECAD) to which it is subject, within a maximum period of five days counted from the date of its occurrence, a communication containing the following information: a) corporate name, CNPJ registration number and complete address of the head office of the contracted company; b) list of the services to be provided; c) date of execution of the service provision contract. 2. The service provision contract must be registered with the Registry of Deeds and Documents and kept at the disposal of the Central Bank of Brazil at the head office of the contracting financial institution and, by certified copy, at the head office and branch(es) of the contracted company. 3. The contracting financial institution must keep permanently updated the registration data relating to the provision of services under the terms of Resolution No. 2.640, of 1999, informing the component of the Department of Registration and Information (DECAD) to which it is subject, within a maximum period of five days counted from the date of its occurrence, of any change relating to the corporate name, change of address and closure of activities of the head office or branch(es) of the contracted company, as
well as the revocation of the service provision contract and change in the list of services provided. 4. The inclusion of branch(es) of the contracted company for the purposes of providing the services referred to in art. 1, items I and II, of Resolution No. 2.640, of 1999, must likewise be communicated to the Central Bank of Brazil, at least five business days in advance of the date scheduled for the start of that activity. 5. The information dealt with in this Circular Letter must be provided by means of transaction PMSG750 of the Central Bank Information System - SISBACEN, while no specific transaction for that purpose is made available. 6. The contracting financial institution must, in accordance with the periodicity to be defined in due course by the Department of Registration of Information (DECAD), give conformity to the registration data dealt with in this Circular Letter, by means of transaction PCIF750 of SISBACEN. Brasilia, 08 December 1999 DEPARTMENT OF ORGANIZATION DEPARTMENT OF REGISTRATION AND OF THE FINANCIAL SYSTEM INFORMATION Luiz Edson Feltrim Sergio Almeida de Souza Lima Head Head