Circular No. 3.686

The Collegiate Board of the Central Bank of Brazil, in a session held on 28 November 2013, based on arts. 9, 10, item IX, and 37, of Law No. 4.595, of 31 December 1964, and in view of the provisions of Resolutions nos. 4.192, 4.193 and 4.194, all of 1 March 2013, R E S O L V E S:

Art. 1 The arts. 2 and 3 of Circular No. 3.398, of 23 July 2008, shall take effect with the following wording:

“Art. 2 The submission of the information mentioned in art. 1 must be made by the 5th day of the second month following the respective base date:

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

• II - by the 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 Credit cooperatives that opt for the calculation of the amount of risk-weighted assets in the simplified form (RWA_RPS), under the terms of Resolution No. 4.194, of 1 March 2013, and that have, on the base date of 30 September of the previous year, total assets of less than R$10,000,000.00 (ten million reais) are exempt from submitting the information referred to in this Circular, provided that the obligation to prepare it is maintained. § 2 The information mentioned in art. 1 must have as its base date the last day of each month. § 3 The information must be submitted to Desig whenever requested, including for base dates other than that established in § 2.

Art. 3 The institutions mentioned in art. 2 must keep at the disposal of the Central Bank of Brazil, for a period of five years, the data and methodology used to prepare the information submitted.

Sole paragraph. Credit cooperatives that opt for the calculation of the amount of risk-weighted assets in the simplified form (RWA_RPS), in the form established in Resolution No. 4.194, of 2013, must keep at the disposal of the central credit cooperatives, or confederations, if applicable, to which they are affiliated, for the fulfillment of the special duties provided for in Chapter V of Resolution No. 3.859, of 27 May 2010, for the same period established in the caput, the data, methodology and information prepared for submission to the Central Bank of Brazil or to keep at its disposal.” (NR)

Art. 2 The deadline for the submission of the information referred to in Circular No. 3.398, of 2008, by the institutions referred to in its art. 2, with the wording given by art. 1 of this Circular, relating to the following base dates, is extended:

• I - October 2013: until 14 January 2014;

• II - November 2013: until 5 February 2014; and

• III - December 2013: until the 5th day of March 2014.

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

Art. 4 Art. 2 of Circular No. 3.642, of 4 March 2013, is revoked.

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