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Rule · BCB · 16 Feb 2012 · Circular 3578

Circular No. 3578: Procedures for Consortium Administrators' Accounting and Disclosure of Events After the Reporting Period

disclosure

Consortium administrators must follow Technical Pronouncement CPC 24, approved by the Committee of Accounting Pronouncements on 17 July 2009, when accounting for and disclosing events after the period covered by the financial statements. CPC pronouncements cited in CPC 24 that lack endorsement by a specific Central Bank of Brazil act may not be applied. The Circular takes effect on publication, applying from financial statements for 30 June 2012.

BrazilBanco Central do Brasil

Circular No. 3.578

The Collegiate Board of the Central Bank of Brazil, in a session held on 15 February 2012, based on arts. 6 and 7 of Law No. 11.795, of 8 October 2008,

R E S O L V E S :

Art. 1 The consortium administrators must observe, in the accounting and disclosure of events subsequent to the period to which the financial statements refer, Technical Pronouncement CPC 24, approved by the Committee of Accounting Pronouncements (CPC) on 17 July 2009.

Sole paragraph. The CPC pronouncements cited in the text of CPC 24, while not endorsed by a specific act of the Central Bank of Brazil, may not be applied.

Art. 2 This Circular enters into force on the date of its publication, producing effects as from the financial statements relating to 30 June 2012.

Luiz Awazu Pereira da Silva Director of Regulation of the Financial System

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Annotations and obligations
2 obligations · 2 definitions
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  • Definition / condition 2
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Lineage: Superseded

A newer document in RegAlert replaces this one.

Law No. 11.795 dated 2008-10-08Not in RegAlertLaw No. 11.795 dated 2008-10-08 — Not in RegAlertCircular No. 3578: Proceduresfor Consortium Administrators…2012-02-16 · this documentCircular No. 3578: Procedures for Consortium Administrators' Accounting and Disclosure of Events After the Reporting Period (2012-02-16)BCB Resolution No. 2: GeneralCriteria for Preparation and Disc…2020 · BCBBCB Resolution No. 2: General Criteria for Preparation and Disclosure of Financial Statements by Institutions Required to Use COSIF and Procedures for Financial Institutions (2020-08-12)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Superseded by
Issued under
  • Law No. 11.795 dated 2008-10-08Not in RegAlert

    “based on arts. 6 and 7 of Law No. 11.795, of 8 October 2008”

Timeline

Amended 1 time · last 2020-08-12

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