CMN Resolution No. 4129 — Amends Articles 10, 17, and 20 of the Regulation Annexed to Resolution No. 1,660 of October 26, 1989, Regarding the Conversion of Investment Certificates of Regional Investment Funds into Securities

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on August 23, 2012, taking into account the provisions of Law No. 6,385 of December 7, 1976, item XXI of Article 4 of Law No. 4,595 of December 31, 1964, and the sole paragraph of Article 17 of Decree-Law No. 1,376 of December 12, 1974,

R E S O L V E D:

Art. 1. Articles 10, 17, and 20 of the Regulation Annexed to Resolution No. 1,660 of October 26, 1989, shall enter into force with the following wording:

“Art. 10. ...........................................

§ 1. Special auctions for the conversion of investment certificates shall be held on Stock Exchanges, upon request by operating banks.

................................................” (NR)

“Art. 17. Within 30 (thirty) days after the close of each semester, operating banks must send an electronic file with the demonstration of the composition and diversification of the portfolio to the Stock Exchanges, which shall give wide dissemination to the market, including:

I - the availability of documents on the Stock Exchanges' pages on the worldwide computer network; and

II - the publication, in the bulletin or official organ of the Stock Exchanges, of information regarding the dissemination provided for in item I of this article, with the documents remaining available for interested parties to consult for a minimum period of 90 (ninety) days.

................................................” (NR)

“Art. 20. The financial statements of the Funds are subject to the Accounting Plan for Regional Investment Funds (Cofir) issued by the Securities and Exchange Commission (CVM).

§ 1. The financial statements referred to in the caput must be audited by an independent auditor registered with the CVM.

§ 2. The financial statements accompanied by the explanatory notes and the report of the independent auditor, within 90 (ninety) days after the close of the civil year to which they refer, must be:

I - published in newspapers intended for the dissemination of information related to the Fund; and

II - sent in electronic file format to the Stock Exchanges, which shall make them available on their pages on the worldwide computer network.” (NR)

Art. 2. This Resolution enters into force on January 1, 2013.

                     Alexandre Antonio Tombini President of the Central Bank of Brazil