CENTRAL BANK STATEMENTS
The Brazilian Central Bank (“BACEN”) has throughout the past years been vigorously acting on the monitoring of compliance with the several ancillary obligations under its supervision (late transmission and/or incongruences on the information transmitted may subject Brazilian companies to the application of penalties), starting, when applicable, punitive administrative proceedings, as well as applying precautionary measures such as the suspension of registrations.
For such reasons the attention to the deadlines and details on information to be provided becomes even more important. Below follows details on the main ancillary obligations to be fulfilled in the calendar year of 2022.
Foreign Direct Investment (RDE-IED)
Brazilian companies receiving foreign direct investment that have Total Assets or Net Equity values equal or greater than R$250.000.000,00 (two hundred and fifty million reais) shall, until the date of December 30th, 2022, submit the corresponding Economic-Financial Statement encompassing data on variations (e.g., Total Assets and Net Equity) and flow (e.g., profit or loss in the quarter), pertaining to the reference date of September 30th, 2022, before the Foreign Direct Investment Modul of the Electronic Declaratory Registry (RDE-IED) of the Central Bank Information System — “Sisbacen”.
