Circular No. 3666 — Amends and consolidates the rules relating to the calculation of the tax base and the collection of contributions of institutions associated with the Credit Guarantee Fund (FGC)

The circular sets the calculation base for ordinary and special FGC contributions on the last‑day‑of‑month balances of Cosif accounts and instruments, and requires associated institutions to report these balances to the Fund‑accredited financial institution by the 15th of each month, with the institution then informing contributions by the 25th. Records of the calculations must be kept for five years; late payment incurs a 2 % fine plus Selic updating, and all collections are to be processed through the Brazilian Payments System (STR). The Department of Monitoring of the Financial System (Desig) is authorized to define the operational procedures, and the circular revokes four previous circulars.

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A Collegiate Board of the Central Bank of Brazil, in session held on 29 August 2013, based on art. 9 of Law No. 4,595, of 31 December 1964, and in view of the provisions of Resolution No. 4,222, of 23 May 2013,

R E S O L V E :

Art. 1º The amounts of ordinary and special contributions of institutions associated with the Credit Guarantee Fund (FGC) must be calculated based on the balances on the last day of each month of the accounts and the instruments corresponding to the obligations subject to guarantee, recorded in titles and subtitles of the Accounting Plan of Institutions of the National Financial System (Cosif).

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Lineage: Superseded

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Amended 2 times · last 2021-06-07

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works