Circular Letter No. 4051 - Requirements for Submission of Financial Statements in Open Data Format to the Central Bank of Brazil

The Head of the Department of Financial System Monitoring (Desig), using the authority granted by Article 23, item I, clause "a", of the Internal Regulations of the Central Bank of Brazil, attached to Ordinance No. 84,287, of February 27, 2015, based on Article 77, item III, of said Regulations, and considering the provisions of Law No. 6,404, of December 15, 1976, Resolutions Nos. 4,280, of October 31, 2013, 4,720, of May 30, 2019, and 4,776, of January 29, 2020, Circulars Nos. 3,950, of June 25, 2019, 3,959, of September 4, 2019, and 3,964, of September 25, 2019, and Circular Letters Nos. 3,980, of October 22, 2019 and 3,981, of October 25, 2019,

RESOLVES:

Art. 1 The submission to the Central Bank of Brazil of the Financial Statements in open data format referred to in Circular No. 3,964, of September 25, 2019, must be made in JavaScript Object Notation (JSON) format, observing the instructions contained in this Circular Letter.

§ 1 As provided in Circular 3,964, of 2019, the following Financial Statements must be submitted in open data format:

I - Balance Sheet;

II - Income Statement;

III - Statement of Comprehensive Income;

IV - Statement of Cash Flows;

V - Statement of Changes in Equity;

VI - Consolidated Consortium Resources Statement; and

VII - Consolidated Changes in Availability of Groups Statement.

§ 2 The financial statements referred to in items VI and VII of § 1 apply only to consortium administrators.

Art. 2 Financial institutions and other institutions authorized to operate by the Central Bank of Brazil, as well as consortium administrators and payment institutions, must submit the financial statements referred to in Art. 1 through the following files:

I - Document 9011 - Individual Financial Statements / Consolidated Financial Statements - corporate law or CVM: includes the set of financial statements defined in Art. 1, individual and consolidated, semi-annual and annual, prepared according to accounting procedures described in Resolution No. 4,720, of May 30, 2019 and Circular No. 3,950, of June 25, 2019, and by corporate law, referred to in Law No. 6,404, of December 15, 1976, or by the Securities and Exchange Commission (CVM);

II - Document 9311 - Intermediate Individual Financial Statements / Intermediate Consolidated Financial Statements - corporate law or CVM: includes the set of financial statements defined in Art. 1, individual and consolidated, intermediate, prepared according to accounting procedures described in Resolution No. 4,720, of May 30, 2019 and Circular No. 3,950, of June 25, 2019, and by corporate law, referred to in Law No. 6,404, of December 15, 1976, or by the Securities and Exchange Commission (CVM);

III - Document 9031 - Consolidated Annual Financial Statements in IFRS: includes the set of financial statements defined in Art. 1 consolidated based on the international accounting standard issued by the International Accounting Standards Board (IASB), referred to in Resolution No. 4,776, of January 29, 2020;

IV - Document 9331 - Consolidated Semi-Annual and Intermediate Financial Statements in IFRS: Financial statements defined in Art. 1, consolidated based on the international accounting standard issued by the International Accounting Standards Board (IASB), referred to in Resolution No. 4,776, of January 29, 2020; and

V - Document 9061 - Consolidated Semi-Annual and Annual Financial Statements of the Prudential Conglomerate: Financial statements defined in Art. 1, consolidated from the Prudential Conglomerate, prepared according to accounting procedures described in Resolution No. 4,280, of October 31, 2013.

§ 1 The financial statements referred to in Art. 1, sent in the form of open data, must present the same data as the PDF format file submitted to the Central Bank of Brazil for the purpose of constituting the Central of Financial Statements of the National Financial System.

§ 2 As provided in § 3 of Art. 2 of Resolution No. 4,720, of 2019, and in § 3 of Art. 2 of Circular No. 3,950, of 2019, institutions related below that have net equity less than R$2,000,000.00 (two million reais) on the base date of December 31 of the immediately preceding fiscal year are exempt from preparing and publishing the Statement of Cash Flows, referred to in item IV of § 1 of Art. 1:

I - institutions constituted in the form of a closed capital company;

II - single credit cooperatives;

III - microentrepreneur and small business credit societies;

IV - consortium administrators; and

V - payment institutions.

§ 3 The documents referred to in the caput must have digital certification of the authenticity of the documents in the standard of the Brazilian Public Key Infrastructure - ICP-Brasil.

Art. 3 The documents referred to in Article 2 must be submitted, starting from the base date of September 30, 2020, within the same deadline provided for in the specific regulation for the disclosure of these statements.

Sole Paragraph. The submission of documents related to the base dates below must be carried out according to the following schedule:

I - March 2020 – from the first to the last business day of October 2020;

II - June 2020 – from the first to the last business day of November 2020.

Art. 4 In case of substitution of any financial statement in PDF format, referred to in Circular Letter No. 3,981, of 2019, the entity must deliver a new document in open data containing the entire set of required information, as defined in Art. 2.

Art. 5 The filling instructions, examples, and other necessary information for the preparation of the documents listed in Art. 2 are available on the Central Bank of Brazil's internet page, at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

Art. 6 As established in the sole paragraph of Art. 1 of Circular No. 3,950, of June 2019, the provisions of this Circular Letter do not apply to associations and non-profit civil entities authorized to administer consortiums.

Art. 7 This Circular Letter enters into force on June 1, 2020.

Gilneu Francisco Astolfi Vivan

Annex to Circular Letter No. 4,051, of May 14, 2020.

Code and name of the documents:

I - Document 9011 - Semi-annual and Annual Individual Financial Statements / Semi-annual and Annual Consolidated Financial Statements;

II - Document 9311 - Intermediate Individual Financial Statements / Intermediate Consolidated Financial Statements;

III - Document 9031 - Annual Consolidated Financial Statements in IFRS;

IV - Document 9331 - Semi-Annual and Intermediate Consolidated Financial Statements in IFRS;

V - Document 9061 - Semi-Annual and Annual Consolidated Financial Statements of the Prudential Conglomerate.

Start date for submission: March 31, 2020.

Deadline for submission: base date of March 2020 - from the first to the last business day of October 2020 and base date of June 2020 - from the first to the last business day of November 2020. Other base dates: same deadline provided for in the specific regulation for the disclosure of these statements.

Unit responsible for Curation: Department of Financial System Monitoring (Desig).

Method of submission: Electronic means.

System for submission: File Transfer System (STA), in the form of Circular Letter No. 3,588, of March 18, 2013, available for access on the Central Bank of Brazil's internet page, at the address https://sta.bcb.gov.br/sta/.

STA code for file submission: AINF9011, AINF9311, AINF9031, AINF9331, AINF9061.

Standardized name of the file to be sent via STA:

Composed of 21 characters always starting with the letters "INF" and complemented with the other identifiers of the submitted information, in the form:

INFNNNNCCCCCCCCMMAAAA, where:

NNNN - document code (e.g., 9011);

CCCCCCCC - institution's CNPJ with 8 numeric digits;

MM - month relative to the base date;

AAAA - year relative to the base date.

Format for submission: JavaScript Object Notation (JSON).

Additional Elements for Submission: filling instructions, examples, and other documents available on the Central Bank of Brazil's internet page, at the address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

Registered Employee Designated to Answer Questions: in the "Links - Inclusion - Person Responsible for Sending Information" module of Unicad.

Electronic address for sending questions: demonstracoesfinanceiras@bcb.gov.br