CVM/SRE Circular Letter 1560/05

CVM/SRE Circular Letter No. 1560/2005
Rio de Janeiro, August 26, 2005

To the Manager Responsible for
Credit Rights Investment Funds

Subject: CVM/SRE Circular Letter No. 1285/2005 – Extension of deadline for submission of monthly financial statements of FIDC

Dear Sir,

In view of the fact that, up to the present date, it has not been possible to make available the forms related to monthly financial statements of credit rights investment funds (FIDC), we communicate the extension of the deadline for the electronic submission of the aforementioned documents to 10/20/2005.

Furthermore, we inform you that, while the CVM does not issue accounting standards for FIDCs, the provisions of the Accounting Plan of the Institutions of the National Financial System – COSIF, issued by the Central Bank of Brazil, apply, in accordance with art. 44, sole paragraph, of CVM Instruction No. 356/01.

Thus, the monthly financial statement is considered to be the analytical balance sheet of the fund, accompanied by the explanatory notes and other information, if necessary for the complete clarification of its financial situation, as provided in the COSIF Manual, Section 25 – Investment Funds, item 5 – Financial Statements, sub-item 3.a.

In case of doubt, we request contacting: CVM Computer Systems Support to the Management of Records – 3, regarding the registration of the fund's operation, by phone (21) 35548578 or by email to ger3@cvm.gov.br.

Sincerely,

(Signed original)
Carlos Alberto Rebello Sobrinho
Superintendent of Securities Registration