The Central Bank of Brazil (“BACEN”), by circular No. 3.795 of June 16th, 2016 (“Circular”), adjusted the procedures and deadlines regarding the mandatory declaration of annual census of Foreign Capital in Brazil (“CCEP”).
According with the Circular the companies shall transmit the census until 6p.m. of August 15th, 2020 (“Deadline”), using as base date the period of December 31st, 2019.
All the information declared on the census are compiled by BACEN and disclosed in a consolidated manner, with statistical purposes of the sectors/activities of the companies, maintaining the confidentiality of investors/creditors and investees/debtors. The BACEN may require the declarants, within a period of five years from the date of the declaration, to provide the supporting documentation of the information provided.
The census declarations, in which evidencing false, incomplete, incorrect information or lack to apply in the proper deadline will be subject to the penalties imposed by the rules that regulate the registrations and the census of foreign capital in the Country.