Circular Letter No. 2192 — Clarifies Exemption from Comparison in Financial Statement Publication by FAF and FIQFAF

CIRCULAR LETTER NO. 002192

CLARIFIES THE EXEMPTION FROM COMPARISON IN THE PUBLICATION OF FINANCIAL STATEMENTS BY FAF AND FIQFAF.

TAKING INTO ACCOUNT THE PROVISIONS OF ITEM 1.25.3.5 OF ANNEX I OF CIRCULAR NO. 1,922, OF 03/27/91, AND BASED ON ITEM 4 OF CIRCULAR NO. 1,540, OF 10/06/89, WE CLARIFY THAT:

ART. 1. FINANCIAL APPLICATION FUNDS (FAF) AND FUNDS OF FUNDS OF FINANCIAL APPLICATION FUNDS (FIQFAF) ARE EXEMPT FROM COMPARISON IN THE PUBLICATION OF THE STATEMENT OF CHANGES IN EQUITY - DOCUMENT NO. 9 - REFERRED TO IN ANNEX II OF CIRCULAR NO. 1,922, OF 03/27/91, FOR THE BASE DATES OF 06/30/91 AND 12/31/91;

ART. 2. THE TRANSFORMATION OF SHORT-TERM APPLICATION FUNDS INTO FAF OR FIQFAF MUST BE DISCLOSED IN EXPLANATORY NOTES.

BRASILIA (DF), AUGUST 02, 1991

DEPARTMENT OF REGULATIONS OF THE FINANCIAL SYSTEM

SERGIO DARCY DA SILVA ALVES
HEAD