Circular No. 3.687

The Board of Governors of the Central Bank of Brazil, in a session held on 4 and 5 December 2013, based on the provisions of arts. 9, 10, item IX, 11, item VII, and 37 of Law No. 4.595, of 31 December 1964, and in art. 15 of Resolution No. 4.193, of 1 March 2013, and taking into account the provisions of Resolution No. 3.464, of 26 June 2007,

R E S O L V E :

Art. 1 The summary of Circular No. 3.429, of 14 January 2009, shall now have the following wording:

"Establishes procedures for the submission of information relating to exposures to market risk and to the calculation of the respective portions in the calculation of the minimum requirements of Reference Equity (PR), Tier I and Common Equity." (NR)

Art. 2 The caput of art. 1 and art. 2 of Circular No. 3.429, of 2009, shall now be in force with the following wording:

"Art. 1 Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must prepare and submit to the Autarchy the information relating to exposures to market risk and to the calculation of the minimum requirements of Reference Equity (PR), dealt with in Resolutions nos. 3.464, of 26 June 2007, and 4.193, of 1 March 2013.

............................................................" (NR)

"Art. 2 The information dealt with in art. 1 must be submitted to the Central Bank of Brazil by the fifth business day of the month following the corresponding base date:

• I - by the lead institution of each conglomerate, when the information is related to it; and

• II - by financial institutions and other institutions authorized to operate by the Central Bank of Brazil, not belonging to conglomerates, when the information is related to them.

§ 1 The information mentioned in art. 1 must have as its base date the last day of each month.

§ 2 The information dealt with in art. 1, for base dates other than that established in this article, must be submitted whenever requested by the Central Bank of Brazil." (NR)

Art. 3 This Circular enters into force on the date of its publication, producing effects from the base date of November 2013.

Art. 4 Item II of § 1 of art. 1 of Circular No. 3.429, of 14 January 2009, is revoked.

Anthero de Moraes Meirelles Luiz Awazu Pereira da Silva Director of Supervision Director of Regulation