Regulatory Alerts2026-05-05 | Instrução Normativa BCB 734Normative Instruction BCB No. 734 — Amending Cosif Accounting Standards
The Central Bank of Brazil issued Normative Instruction No. 734 to amend the Cosif accounting standards by introducing new account codes for stablecoins, virtual assets, and sustainability assets. The regulation establishes specific accounting treatments for intermediated settlement and clearing operations, including detailed provisions for credit risk losses and fair value hierarchies. It also updates existing accounts to reflect changes in the classification of financial instruments and removes obsolete sustainability asset categories.
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