Regulatory Alerts2026-04-16 | Instrução Normativa BCB 723BCB Normative Instruction No. 723 — Updates Annex II (Mandatory Resource Codes) of the Rural Credit Manual
The Central Bank of Brazil issued Normative Instruction No. 723 to update Annex II of the Rural Credit Manual, aligning it with CMN Resolution No. 5,290. This amendment adjusts the Pronaf mandatory resource sub-exigibility percentage from 35% to 14.35% for the period between April 1 and June 30, 2026. The instruction establishes that the new code values apply to positions reported starting in April 2026 and enters into force upon publication.
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