Circular No. 1.095

CIRCULAR N. 001095 ------------------ To Financial Institutions and other Entities Authorized to Operate by the Central Bank of Brazil We inform you that the Board of this Body, in a meeting held on 26.11.86, decided to clarify that accounting or off-accounting statements presented with filling errors will be returned and, if not resubmitted within the regulatory period provided, will constitute, in the same way as the delay in the delivery of these documents, an infraction subject to punishment based on art. 44 of Law n. 4.595, of 31.12.64. 2. For the purposes of updating registration records, the name of the Director responsible for the accounting area of each institution or entity must be formally indicated, by 30.12.86, to the Department of Registration and Information - DECAD (SBS - Conjunto 7 - Edifício Sede do Banco Central - 14. andar - CEP 70074), and any replacement of said responsible person must be promptly communicated to that Department. Brasília-DF, 10 December 1986 José Tupy Caldas de Moura Persio Arida Director Director André Pinheiro de Lara Resende Director