RegAlert2019-02-13 | Circular 3929Added
Circular No. 3929 — Amends and consolidates the rules relating to the determination of the calculation base and the collection of contributions of institutions associated with the Credit Guarantee Fund (FGC)
The circular amends and consolidates the methodology for calculating and collecting ordinary, special and additional contributions from institutions associated with the Credit Guarantee Fund, specifying the Cosif accounts to be used, the formulas for Adjusted Net Worth, Reference Value and Reference Collections, and the reporting deadline of the 18th of each month with payment due by the first business day of the following month (notification by the 26th). It imposes a 2% penalty plus Selic update for late payments, mandates that calculation records be kept for five years, requires processing through the Brazilian Payments System, and revokes Circular No. 3,666 (August 30, 2013) and Circular Letter No. 3,611 (September 2, 2013). The provisions take effect on 1 January 2020.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
COLLECTIVE BOARD OF THE CENTRAL BANK OF BRAZIL
The Collegiate Board of the Central Bank of Brazil, in a session held on 13 February 2019, based on art. 9 of Law No. 4,595, of 31 December 1964, and considering the provisions of Resolution No. 4,222, of 23 May 2013,
RESOLVES:
Article 1
This Circular provides for the determination of the calculation base and the collection of ordinary, special and additional contributions of institutions associated with the Credit Guarantee Fund (FGC), as addressed in Resolution No. 4,222, of 23 May 2013.
Read the rest free, and get an email when BCB publishes again
Lineage: Superseded
Timeline
Amended 2 times · last 2021-06-07
- 2021-06-07
BCBResolution BCB No. 102 — Provisions on Information Submission to the Credit Guarantee Fund (FGC), Calculation of Contribution Base, and Allocation to Federal Government Securities (MATPF)supersedes
- 2020-06-03
This document supersedes: 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)
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
More like this from BCB
BCB published 15 documents in the last 30 days. We email you each new one the day it's published.