Circular No. 2.752

CIRCULAR N. 002752 ------------------ Provides for the establishment of a criterion for the collection of a fine for delay or rectification of information relating to compulsory reserve/required allocation. The Board of Directors of the Central Bank of Brazil, in a session held on 25.03.97, having regard to the provisions of art. 67 of Law No. 9.069, of 29.06.95, and Resolutions Nos. 2.194 and 2.328, of 31.08.95 and 30.10.96, respectively, D E C I D E D: Art. 1 The fine for delay in the provision of information that serves as the basis for calculating the requirements of compulsory reserve/required allocation, or its rectification outside the regulatory period, shall be R$150.00 (one hundred and fifty reais) per position, applied on a non-cumulative basis. Paragraph 1 In the event of information included or rectified by determination of the Central Bank of Brazil, the fine referred to in the caput of this article shall be increased by 20% (twenty percent). Paragraph 2 The criteria established in this article also apply to information relating to the allocation of savings deposits and to funds raised abroad, under the terms of Resolution No. 63, of 21.08.67. Art. 2 The provisions of this Circular do not apply to information relating to Financial Investment Funds. Art. 3 This Circular enters into force on the date of its publication. Brasília, 23 April 1997 Francisco Lafaiete de Pádua Lopes Director