CMN Resolution No. 4740 — Amends Circular No. 2,804 of February 11, 1998, Establishing Guidelines for the Publication of Financial Statements

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 29, 2019, based on Article 4, items VIII and XII, of the aforementioned Law,

R E S O L V E D:

Art. 1 The Circular No. 2,804 of February 11, 1998, shall enter into force with the following alterations:

“Art. 1 Subject to the other legal and regulatory provisions in force, financial institutions and other institutions authorized to operate by the Central Bank of Brazil must publish their semi-annual and annual financial statements on the institution’s website or in a repository on the internet, with free public access, that has the specific objective of disseminating accounting and financial documents.

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§ 2 In the case of replacement or exclusion of statements disclosed on the institution’s website or in the repository mentioned in the caput, the institution must:

I - keep the replaced documents available to the Central Bank of Brazil for a period of at least five years; and

II - disclose the facts determining the replacement or exclusion of the statements on the same website or repository where the replaced or excluded statements were disclosed.” (NR)

Art. 2 Paragraph 3 of Article 1 of Circular No. 2,804 of 1998 is hereby revoked.

Art. 3 This Resolution enters into force on the date of its publication.

Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil