Circular Letter No. 3.573

The Head of the Financial System Monitoring Department (Desig) and the Head of the Banking and Banking Conglomerates Supervision Department (Desup), in the exercise of the attributions conferred upon them by art. 22, item I, subitem "a" of the Internal Regulations of the Central Bank of Brazil (BCB), annexed to Portaria No. 29.971, of 4 March 2005, pursuant to the provisions of art. 1 of Circular No. 3.398 and art. 4 of Circular No. 3.399, both of 23 July 2008, in art. 2 of Circular No. 3.429, of 14 January 2009, and in § 1 of art. 1 of Circular No. 3.478, of 24 December 2009,

R E S O L V E M:

Art. 1 The financial institutions authorized to use internal models for the calculation of the market risk portions of the Required Reference Equity (PRE), under the terms of Circular No. 3.478, of 24 December 2009, must submit to the Central Bank the information referring to those portions, dealt with in Circulars No. 3.398 and No. 3.399, both of 23 July 2008, calculated both by the internal model and by the standardized model.

Sole paragraph. The procedures for the preparation and submission of the information dealt with in Circular No. 3.429, of 14 January 2009, are maintained.

Art. 2 This Circular Letter enters into force on the date of its publication.

Claudio Lysias de Toledo Pereira
Head of Desup, interim
Lucio Rodrigues Capelletto
Head of Desig