Circular No. 3560 — Exemption from Sending Accounting Documents by Consortium Administrators

CIRCULAR NO. 003560

Exemption from Sending Accounting Documents by Consortium Administrators.

The Collegiate Board of the Central Bank of Brazil, in a session held on October 13, 2011, based on Articles 6 and 7 of Law No. 11,795, of October 8, 2008,

RESOLVES:

Art. 1 Consortium administrators are exempted, effective with the reporting date of December 2011, inclusive, from sending the following documents to the Central Bank of Brazil, as provided for in the Accounting Plan of Institutions of the National Financial System (Cosif):

I - Consolidated Statement of Consortium Resources, document No. 6 of Cosif, Cadoc 4110; and

II - Consolidated Statement of Changes in Group Availability, document No. 7 of Cosif, Cadoc 4350.

Sole Paragraph. The exemption provided for in this article does not exempt administrators from complying with other legal and regulatory requirements.

Art. 2 Consortium administrators must keep available to the Central Bank of Brazil all supporting documentation used in the preparation of the accounting documents referred to in Art. 1, for a minimum period of five years, from the respective reporting date.

Art. 3 This Circular enters into force on the date of its publication.

Art. 4 Item V of Art. 19 of Circular No. 2,381, of November 18, 1993, and Items III and IV of Art. 1 of Circular No. 3,212, of December 4, 2003, are revoked, effective December 1, 2011.

Brasília, October 17, 2011.

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