Next deadline for submitting Quarterly Financial Report expires in september 30th

The quarterly report (“Quarterly Report”) is applicable to Legal Entities headquartered in Brazil, whose shares are directly owned, in whole or in part, by non-resident investors (“Receiving Companies“), being required by the Brazilian Central Bank (“BCB”).

The upcoming Quarterly Report, whose submission deadline is approaching, is applicable to Receiving Companies that held on the respective base date, total assets in amounts equal to or greater than R$300,000,000.00 (three hundred million Reais).

The Quarterly Report must be submitted in reference to the base dates of March 31st, June 30th and September 30th, within 90 days after each base date.

Failure to submit the Quarterly Report, as well as its delivery after the deadline or with misinformation, may result in fines of up to R$500,000.00 (five hundred thousand reais) by BCB, which may be increased in specific cases.

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