Central Bank Resolution No. 572 of May 29, 2026

Resolution No. 572

BCB RESOLUTION NO. 572, OF MAY 29, 2026

Amends BCB Resolution No. 102, of June 7, 2021, to update the procedures regarding the calculation of the amount to be allocated in federal public bonds – MATPF, to include financial instruments eligible for Complementary Capital and Level II in the definition of Adjusted Equity – PLA, and to regulate the preparation and submission of information regarding credits not covered by the ordinary guarantee of the Credit Guarantee Fund – FGC by central securities depositories.

The Collegiate Board of the Central Bank of Brazil, in a session held on May 28, 2026, based on Art. 9 of Law No. 4,595, of December 31, 1964, Arts. 22 and 28 of Law No. 12,810, of May 15, 2013, and in view of the provisions of Resolution No. 4,222, of May 23, 2013,

RESOLVES:

Art. 1 The summary of BCB Resolution No. 102, of June 7, 2021, published in the Official Gazette of the Union on June 9, 2021, shall enter into force with the following alterations:

“Provides for the preparation and submission of information regarding financial instruments subject to the guarantee of the Credit Guarantee Fund – FGC, regarding the calculation of the base and the collection of contributions by institutions associated with the FGC, and regarding the procedures for the calculation and registration of the amount to be allocated in federal public bonds – MATPF.” (NR)

Art. 2 BCB Resolution No. 102, of June 7, 2021, published in the Official Gazette of the Union on June 9, 2021, shall enter into force with the following alterations:

“Art. 1 ...................................................................................................................................

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II - the provision of information to the institutions mentioned in item I, letter “a”, by central securities depositories eligible for the FGC guarantee;

III - the calculation of the base and the collection of ordinary, special, and additional contributions by institutions associated with the FGC; and

IV - the procedures regarding the calculation and registration of the amount to be allocated in federal public bonds – MATPF.” (NR)

“CHAPTER II OF THE PROVISION OF INFORMATION” (NR)

“Art. 4-A Central securities depositories of financial assets eligible for the FGC guarantee, starting from November 1, 2026, must prepare and send to the institutions mentioned in Art. 1, caput, item I, letter “a”, by the fifth business day of each month, based on the position of the last business day of the previous month, aggregated information on deposited credits issued by the associated institution, subject to the ordinary guarantee of the FGC, not custodied by the issuer, held by:

I - complementary pension entities;

II - own social security regimes established by the Union, by the States, by the Federal District, and by the Municipalities;

III - insurance companies;

IV - capitalization societies;

V - investment clubs;

VI - investment funds; and

VII - institutional investors resident or domiciled abroad.

§ 1 The aggregated information must contain, at minimum, data regarding classification:

I - of the type of financial instrument representing the credit, according to Table I of the annex to this Resolution; and

II - of the value range of the credit held by the holder, according to Table III of the annex to this Resolution.

§ 2 For each combination of the classifications referred to in items I and II of § 1, the quantity of final holders of the instruments and the total value of the credits held by them must be reported.

§ 3 The aggregated information referred to in this article must be consistent with the data calculated for the production of the electronic file referred to in Art. 3.

§ 4 For the purpose of compliance with the provisions of this article, central securities depositories of financial assets must consider:

I - the last available value of the credit held by the holder on the base date specified in the caput; and

II - the information disclosed by the FGC for identification:

a) of the institutions mentioned in Art. 1, caput, item I, letter “a”; and

b) of the National Classification of Economic Activities – CNAE of holders of credits not covered by the ordinary guarantees, referred to in items I to VII of the caput.” (NR)

“Art. 4-B It is optional for the institutions mentioned in Art. 1, caput, item I, letter “a”, until central securities depositories of financial assets begin to send the information provided for in Art. 4-A, to deduct from the calculation of the Reference Value – VR the balances of instruments eligible for the FGC guarantee held by the entities mentioned in Art. 4-A, caput, items I to VII, provided that the institution holds documentation proving the ownership of said credits.” (NR)

“Art. 7 The values of the ordinary and special contributions must be calculated based on the balances, on the last day of each month, of the accounts and financial instruments representing the credits subject to guarantee, registered by the institutions mentioned in Art. 1, caput, item I, letter “a”, in the accounting rubrics of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil – Cosif, published by the Central Bank of Brazil.” (NR)

“Art. 8 ...................................................................................................................................

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III - in the balances, on the last day of each month, of the accounts and instruments corresponding to the collections of associated institutions registered in the Cosif accounting rubrics published by the Central Bank of Brazil.” (NR)

“Art. 9 ...................................................................................................................................

I - Adjusted Equity – PLA – the value of adjusted equity by the balances of income and expense accounts, plus the balance recognized as prudential capital of instruments eligible for Complementary Capital and Level II issued by the associated institution itself, minus the participations in the capital of financial institutions associated with the FGC, according to the Cosif accounting rubrics published by the Central Bank of Brazil;

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III - Reference Collections – CR – the value of total collections, minus the balances referring to collections from related entities and collections from financial institutions registered in the Cosif accounting rubrics published by the Central Bank of Brazil.

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“Art. 13-A. For the purpose of calculating MATPF:

I - the provisions of Arts. 8 and 9 apply for the calculation of VR, CR, and PLA; and

II - Reference Asset – AR is considered the set of assets destined for financial intermediation and liquidity management, whose composition reflects the quality of the application of collected resources, observing criteria of transparency and exposure to risks.

§ 1 For the purpose of calculating AR, the following are considered, at their respective net book value:

I - cash;

II - interfinancial liquidity applications, excluding the resales to settle of financed and sold positions of any bonds;

III - bonds and securities, excluding derivatives contracted without the purpose of hedge, private bonds not eligible for the liquidity financial lines – LFL, and assets of investment fund shares that are not characterized as assets for liquidity management;

IV - interfinancial relations;

V - credit operations;

VI - financial and operational leasing;

VII - operations with characteristics of credit granting;

VIII - payment transactions to be received from end users and participants of payment arrangements, minus the corresponding obligations and advances of obligations with related parties, whose associated assets have not yet been received;

IX - deferred tax assets arising from provisions for credit losses; and

X - non-financial assets held for sale, representing vehicles or real estate, that have been received by the institution in settlement of difficult or doubtful financial instruments, not intended for own use, according to current regulation.

§ 2 The following must not be considered in AR:

I - assets whose sources of resources are linked to unsecured collection instruments; and

II - assets whose counterparty is a related entity.

§ 3 Financial derivative instruments that compose AR, contracted with the purpose of hedge, must be deducted from the liabilities associated with instruments of the same nature.

§ 4 For the purpose of item III of § 1, assets for liquidity management are considered federal public bonds registered in the assets of investment funds whose shares are held by the associated institution, provided that cumulatively:

I - the management of the fund portfolio is under unrestricted and exclusive control of the liquidity management area of the institution; and

II - the fund assets are capable of immediate conversion into cash, without operational or contractual restrictions that compromise their prompt realization.

§ 5 The exclusion of assets whose counterparty is a related entity referred to in item II of § 2 applies starting from July 1, 2027.

§ 6 The value of AR is the sum of the balances registered in the Cosif accounting rubrics published by the Central Bank of Brazil.

§ 7 The value of AR must be calculated based on the data of the last day of the month immediately preceding the month of the MATPF calculation.” (NR)

“Art. 14. The Central Bank of Brazil will publish the Cosif accounting rubrics to be used as the calculation base for MATPF and for the ordinary, special, and additional contributions of institutions associated with the FGC.” (NR)

Art. 3 Table II of the annex to BCB Resolution No. 102, of June 7, 2021, published in the Official Gazette of the Union on June 9, 2021, shall enter into force in the form of the table contained in the annex to this Resolution.

Art. 4 This Resolution enters into force:

I - on November 1, 2026, regarding Art. 3; and

II - on the date of its publication, regarding the other provisions.

GILNEU FRANCISCO ASTOLFI VIVAN AILTON DE AQUINO SANTOS

Director of System Organization Director of Financial Supervision and Resolution

ANNEX TO BCB RESOLUTION NO. 572, OF MAY 29, 2026

Table II - Type of holder and control of ownership of the financial instrument representing the credit

Obs.

Holder natural person – Financial instrument whose transfer of ownership requires the intervention of the issuer, including unregistered/deposited financial instrument, or registered/deposited in the issuer's client accounts.

(1)

Holder legal entity with FGC guarantee – Financial instrument whose transfer of ownership requires the intervention of the issuer, including unregistered/deposited financial instrument, or registered/deposited in the issuer's client accounts. This classification includes entities with registration in the National Registry of Legal Entities – CNPJ that do not possess legal personality.

Holder legal entity without FGC guarantee – Financial instrument whose transfer of ownership requires or does not require the intervention of the issuer, including unregistered/deposited financial instrument, or registered/deposited in the issuer's client accounts. This classification includes the following entities:

I - with registration in the National Registry of Legal Entities – CNPJ that do not possess legal personality; and

II - referred to in Art. 4-A, caput, items I to VII, of this Resolution.

Any holder – Financial instrument whose ownership can be transferred without the intervention of the issuer, including registered/deposited financial instrument in accounts not characterized as issuer's client accounts, except if held by the entities referred to in Art. 4-A, caput, items I to VII, of this Resolution.

(2)

(1) For financial instruments registered or deposited in registration or centralized deposit systems authorized by the Central Bank of Brazil with an account structure, consider only positions maintained in the issuer's client accounts. For financial instruments registered in systems authorized by the Central Bank of Brazil without an account structure, consider only records where the registration participant is the issuer itself.

(2) Use this classification for financial instruments registered or deposited in individualized accounts or in client accounts of an institution distinct from the issuer and for records where the registration participant is not the issuer of the instrument itself, as applicable.