Joint Resolution No. 19 of April 23, 2026 - Amending Joint Resolution No. 14 of November 3, 2025 Regarding Minimum Capital and Net Worth Methodology

Resolution No. 19

JOINT RESOLUTION NO. 19, OF APRIL 23, 2026

Amends Joint Resolution No. 14, of November 3, 2025, which provides for the methodology for calculating the minimum limit of paid-up share capital and net worth of financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that its Collegiate Board, in a session held on April 8, 2026, and the National Monetary Council, in a session held on April 23, 2026, based on Articles 4, caput, item VIII, of the aforementioned Law, 9-A and 29 of Law No. 4,728, of July 14, 1965, 20, § 1, of Law No. 4,864, of November 29, 1965, 1 of Decree-Law No. 70, of November 21, 1966, 6 of Decree-Law No. 759, of August 12, 1969, 7 of Law No. 6,099, of September 12, 1974, 1, § 4, of Law No. 6,855, of November 18, 1980, 7, caput, item I, of Decree-Law No. 2,291, of November 21, 1986, 1, caput, item II, of Law No. 10,194, of February 14, 2001, 1, § 2, of Provisional Measure No. 2,192-70, of August 24, 2001, 6 and 7 of Law No. 11,795, of October 8, 2008, 1, § 1, and 12 of Complementary Law No. 130, of April 17, 2009, and 9, caput, item II, and 15, § 2, of Law No. 12,865, of October 9, 2013,

RESOLVED:

Art. 1. Joint Resolution No. 14, of November 3, 2025, published in the Official Gazette of the Union on November 4, 2025, shall enter into force with the following alterations:

"Art. 1. ...................................................................................................................................

Sole Paragraph. The provisions of this Joint Resolution do not apply to associations and non-profit entities authorized to administer consortium groups under the terms of Article 46 of Law No. 11,795, of October 8, 2008." (NR)

"Art. 3-A. For the purpose of verifying compliance with the minimum paid-up share capital limit established in this Joint Resolution, the balance maintained in the legal reserve is admitted.

Sole Paragraph. The provision in the caput applies to reserve funds maintained by institutions not constituted in the form of a corporation (sociedade anônima) or limited liability company (sociedade limitada), provided that there is a provision in the institution's bylaws or articles of association that the fund may only be used to compensate for losses or deficits." (NR)

"Art. 6. ...................................................................................................................................

...........................................................................................................................................

§ 2. For the purposes of the provision in the caput, the investment activity of financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in Segment 5 – S5, in accordance with the specific regulation in force, must be classified in the category provided for in item I of the caput.

...................................................................................................................................." (NR)

"Art. 7. ...................................................................................................................................

...........................................................................................................................................

III - ...........................................................................................................................................

...........................................................................................................................................

c) ............................................................................................................................................

...........................................................................................................................................

3. national and foreign financial institutions; and

d) deposits and other fundings from government entities at the federal, state, and municipal levels; or

...................................................................................................................................." (NR)

"Art. 12. ..................................................................................................................................

...........................................................................................................................................

§ 3. The provisions of this article do not apply to the institutions referred to in the caput whose minimum limit of paid-up share capital and net worth increases as a result of a change in corporate purpose or the practice of a new category of operational activity, in accordance with Article 5." (NR)

Art. 2. This Joint Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil