Circular No. 3959 — Provides for the procedures for the preparation and disclosure of financial statements by financial institutions and other institutions authorized to operate by the Central Bank of Brazil

The circular establishes detailed procedures that financial institutions and other entities authorized by the Central Bank of Brazil must follow when preparing and disclosing their financial statements, specifying the required content and format of the balance sheet, income statement, comprehensive income statement, statement of changes in equity, notes, and consortia‑related statements. It mandates segregation of key balance‑sheet items, disclosure of capital and reserve details, application of CPC 41 for earnings per share for listed companies, and allows alternative presentation based on liquidity if justified. The document also sets out requirements for intermediate and condensed financial statements and clarifies that the rules do not apply to non‑profit associations or civil entities authorized to manage consortia.

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Circular No. 3959 — Provides for the procedures for the preparation and disclosure of financial statements by financial institutions and other institutions authorized to operate by the Central Bank of Brazil

The Collegiate Board of the Central Bank of Brazil, in a session held on 4 September 2019, based on arts. 9º of Law No. 4,595, of 31 December 1964; arts. 6 and 7, item III, of Law No. 11,795, of 8 October 2008; art. 9, item IX, sub‑item "b", and art. 15 of Law No. 12,865, of 9 October 2013; and art. 12 of Resolution No. 4,720, of 30 May 2019,

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Lineage: Amended

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Timeline

Amended 1 time · last 2020-04-09

2020-04-09BCBCircular No. 3999 — Amends deadlines for financial statement disclosure and submission of accounting documents to the Central Bank of Brazil due to the economic impacts of Covid-19amends

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