Circular No. 3215 — Establishes Procedures for Submitting Articles of Association and Bylaws of Financial Institutions, Other Institutions Authorized by the Central Bank of Brazil, and Consortium Administrators

CIRCULAR NO. 003215

Establishes procedures regarding the submission of articles and bylaws of financial institutions, other institutions authorized to operate by the Central Bank of Brazil and of consortium administrators.

The Collegiate Board of the Central Bank of Brazil, in a session held on December 10, 2003, based on Article 10, item IX, of Law 4.595, of December 31, 1964, renumbered by Law 7.730, of January 31, 1989, and Article 33 of Law 8.177, of March 1, 1991,

D E C I D E D:

Article 1. Establish that financial institutions, other
institutions authorized to operate by the Central Bank of Brazil and consortium administrators, when processing procedures involving statutory reforms or amendments to bylaws, authorization to operate or authorization to administer groups of consortiums, must submit, to the Central Bank of Brazil, the articles or bylaws electronically.

Sole Paragraph. The full text of the articles or bylaws must be transmitted, via the internet, using the PSTAW10 application, document "Esif - Social Statute", with the use of the rich text format - rtf, in a file named with the eight identifier digits of the institution in the System of Information on Entities of Interest of the Central Bank - Unicad (ID-Bacen code), observing the technical information contained in
Annex I of Circular Letter 2.847, of April 13, 1999.

Article 2. As a result of the provisions of Article 1,
the submission of paper copies of the social bylaws is waived.

Sole Paragraph. The waiver of submission referred to in the main text does not apply when the articles are an integral part of the corporate act that caused the alteration.

Article 3. The Department of Organization of the
Financial System (Deorf) is authorized to require, at any time, the forwarding, in the manner established in this circular, of articles or bylaws consolidated of the institutions mentioned in Article 1 that have not yet forwarded them electronically.

Article 4. This circular enters into force on the date of
its publication, producing effects from February 2, 2004.

Brasília, December 12, 2003.

Sérgio Darcy da Silva Alves
Director