BCB Normative Instruction No. 272

BCB NORMATIVE INSTRUCTION No. 272, OF APRIL 1, 2022

Normative document revoked, as of 1/1/2025, by BCB Normative Instruction No. 430, of 1/12/2023.

Defines the accounting entries of the Shareholders' Equity group of the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) for use by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Head of the Department of Regulation of the Financial System (Denor), using the authority conferred upon him by art. 23, item I, subitem "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Portaria No. 84,287, of February 27, 2015, based on arts. 12 of CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021,

R E S O L V E S :

CHAPTER I

OF THE OBJECT AND SCOPE OF APPLICATION

Art. 1 This Normative Instruction defines the accounting entries of the Shareholders' Equity group of the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) for use by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

CHAPTER II

OF SHAREHOLDERS' EQUITY

Section I

General Provisions

Art. 2 Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must record their shareholders' equity in Group 6 – Shareholders' Equity, segregated into the following subgroups:

• I - 6.1.0.00.00-1 SHAREHOLDERS' EQUITY;

• II - 6.2.0.00.00-0 APE - SOCIAL CAPITAL; and

• III - 6.4.0.00.00-8 NON-CONTROLLING INTERESTS.

Section II

Of the Shareholders' Equity of Financial Institutions and Other Institutions Authorized to Operate by the Central Bank of Brazil

Art. 3 Financial institutions and other institutions authorized to operate by the Central Bank of Brazil, except savings and loan associations, must record their shareholders' equity in the entries of subgroup 6.1.0.00.00-1 SHAREHOLDERS' EQUITY, segregated into the following subgroup breakdowns:

• I - 6.1.1.00.00-4 Share Capital;

• II - 6.1.2.00.00-7 Monetary Correction of Capital;

• III - 6.1.3.00.00-0 Capital Reserves;

• IV - 6.1.4.00.00-3 Revaluation Reserves;

• V - 6.1.5.00.00-6 Profit Reserves;

• VI - 6.1.6.00.00-9 Equity Valuation Adjustments;

• VII - 6.1.7.00.00-2 Accumulated Surpluses or Losses;

• VIII - 6.1.8.00.00-5 Accumulated Profits or Losses; and

• IX - 6.1.9.00.00-8 (-) Treasury Shares.

Art. 4 The accounting record of the items of the subgroup breakdown 6.1.1.00.00-4 Share Capital must be made in the following accounting titles:

• I - 6.1.1.10.00-1 CAPITAL, with attributes UBDKIFJACTSWERLMNHYZ, Estban code 610, whose function is to record the institution's capital, except the capital allocated to foreign banks with a branch in the Country, which must be recorded in the subheading 6.1.1.20.29-7 Shares – Abroad;

• II - 6.1.1.20.00-8 CAPITAL INCREASE, with attributes UBDKIFJACTSWERLMNHYZ, Estban code 610, whose function is to record, while not approved by the Central Bank of Brazil, the amount of the capital increase in progress, arising from effective subscriptions or through incorporation of reserves and accumulated profits;

• III - 6.1.1.40.00-2 (-) CAPITAL REDUCTION, with attributes UBDKIFJACTSWERLMNHYZ, Estban code 610, whose function is to record the amounts related to the reduction of share capital, deliberated in a shareholders' meeting or quotaholders' meeting, until it is approved by the Central Bank of Brazil;

• IV - 6.1.1.50.00-9 (-) CAPITAL TO BE PAID IN, with attributes UBDKIFJACTSWERLMNHYZ, Estban code 610, whose function is to record the responsibilities of shareholders or quotaholders for the payment of the initial capital, as well as its increases, in cash;

• V - 6.1.1.70.00-3 INVESTMENT SHARES, with attribute Z, whose function is to record the amounts of shares, arising from investments and redemptions of investors; and

• VI - 6.1.1.80.00-0 (+/-) VARIATIONS IN SHARE REDEMPTION, with attribute Z, whose function is to record the amount of variations arising from the redemption of shares for an amount greater or lesser than the issue value.

Sole paragraph. The following accounting titles must be segregated into subheadings:

• I - 6.1.1.10.00-1 CAPITAL:

  • a) 6.1.1.10.13-5 Common Shares – Country, with attributes UBDKIFJACTSWELMNHYZ;

  • b) 6.1.1.10.16-6 Non-Cumulative and Non-Redeemable Preferred Shares – Country, with attributes UBDKIFJACTSWELMNHYZ;

  • c) 6.1.1.10.17-3 Other Preferred Shares – Country, with attributes UBDKIFJACTSWELMNHYZ;

  • d) 6.1.1.10.23-8 Common Shares – Abroad, with attributes UBDKIFJACTSWELMNHYZ;

  • e) 6.1.1.10.26-9 Non-Cumulative and Non-Redeemable Preferred Shares – Abroad, with attributes UBDKIFJACTSWELMNHYZ;

  • f) 6.1.1.10.27-6 Other Preferred Shares – Abroad, with attributes UBDKIFJACTSWELMNHYZ;

  • g) 6.1.1.10.28-3 Shares – Country, with attributes UBDKIFJACTSWERLMNHYZ; and

  • h) 6.1.1.10.29-0 Shares – Abroad, with attributes UBDKIFJACTSWERLMNHYZ, which is intended for the recording of amounts of shares issued and redeemed that have not been individualized and may present a credit or debit balance;

• II - 6.1.1.20.00-8 CAPITAL INCREASE:

  • a) 6.1.1.20.13-2 Common Shares – Country, with attributes UBDKIFJACTSWELMNHYZ;

  • b) 6.1.1.20.16-3 Non-Cumulative and Non-Redeemable Preferred Shares – Country, with attributes UBDKIFJACTSWELMNHYZ;

  • c) 6.1.1.20.17-0 Other Preferred Shares – Country, with attributes UBDKIFJACTSWELMNHYZ;

  • d) 6.1.1.20.23-5 Common Shares – Abroad, with attributes UBDKIFJACTSWELMNHYZ;

  • e) 6.1.1.20.26-6 Non-Cumulative and Non-Redeemable Preferred Shares – Abroad, with attributes UBDKIFJACTSWELMNHYZ;

  • f) 6.1.1.20.27-3 Other Preferred Shares – Abroad, with attributes UBDKIFJACTSWELMNHYZ;

  • g) 6.1.1.20.28-0 Shares – Country, with attributes UBDKIFJACTSWERLMNHYZ; and

  • h) 6.1.1.20.29-7 Shares – Abroad, with attributes UBDKIFJACTSWERLMNHYZ;

• III - 6.1.1.40.00-2 (-) CAPITAL REDUCTION, all with attributes UBDKIFJACTSWERLMNHYZ:

  • a) 6.1.1.40.10-5 (-) Capital Reduction – Domestic; and

  • b) 6.1.1.40.20-8 (-) Capital Reduction – Foreign; and

• IV - 6.1.1.70.00-3 INVESTMENT UNITS, all with attribute Z:

  • a) 6.1.1.70.10-6 Units to be Individualized, which is intended for recording the amounts of units issued and redeemed that have not been individualized, and the subheading may have a credit or debit balance;

  • b) 6.1.1.70.20-9 Natural Persons; and

  • c) 6.1.1.70.30-2 Legal Entities.

Art. 5 The accounting record of the items of the subgroup breakdown 6.1.2.00.00-7 Capital Monetary Correction must be made in the following accounting headings, all with attributes UBDKIFJACTSWELMNHZ and Estban code 610:

• I - 6.1.2.10.00-4 MONETARY CORRECTION OF PAID-IN CAPITAL, whose function is to record the monetary correction of paid-in capital; and

• II - 6.1.2.20.00-1 MONETARY CORRECTION OF CAPITAL INCREASES, whose function is to record the monetary correction of capital increases made with the use of reserves and accumulated profits.

Art. 6 The accounting record of the items of the subgroup breakdown 6.1.3.00.00-0 Capital Reserves must be made in the following accounting headings, all with Estban code 610:

• I - 6.1.3.10.00-7 SHARE SUBSCRIPTION PREMIUM RESERVE, with attributes UBDKIFJACTSWELMNHYZ, whose function is to record the amount of the contribution of the subscriber of shares that exceeds their nominal value, as well as the portion of the issue price of shares without nominal value that exceeds the amount allocated to the formation of share capital;

• II - 6.1.3.40.00-8 Reserve for Share-based Payments, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the amounts related to transactions with payment based on shares or other equity instruments to be settled with the delivery of equity instruments; and

• III - 6.1.3.99.00-4 OTHER CAPITAL RESERVES, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record capital reserves for which there is no specific account.

Sole paragraph. The accounting heading 6.1.3.40.00-8 Reserve for Share-based Payments must be segregated into the following accounting subheadings, all with attributes UBDKIFJACTSWERLMNHYZ:

• I - 6.1.3.40.10-1 Own, which is intended for recording the amounts related to transactions with payment based on shares or other equity instruments to be settled with the delivery of equity instruments of the institution itself; and

• II - 6.1.3.40.20-4 Of Related Parties, which is intended for recording the amounts related to transactions with payment based on shares or other equity instruments to be settled with the delivery of equity instruments of a company controlled by or controlling the institution.

Art. 7 The accounting record of the items of the subgroup breakdown 6.1.4.00.00-3 Revaluation Reserves must be made in the following accounting headings, all with Estban code 610:

• I - 6.1.4.10.00-0 REVALUATION RESERVE FOR OWN-USE PROPERTIES, with attributes UBDKIFJACTSWERLMNHZ, whose function is to record the remaining balance of the revaluation reserves existing in May 2008 not yet realized through depreciation or write-off, including through disposal of the revalued asset; and

• II - 6.1.4.30.00-4 REVALUATION RESERVE FOR ASSETS OF AFFILIATES AND SUBSIDIARIES, with attributes UBIFACTSWELMNHZ, whose function is to record the institution's share in the remaining balance of the revaluation reserves existing in May 2008 for investments measured using the equity method not yet realized through depreciation or write-off, including through disposal of the revalued asset.

Art. 8º The accounting record of the items of the breakdown of subgroup 6.1.5.00.00-6 Profit Reserves shall be made in the following accounting titles, all with Estban code 610:

• I - 6.1.5.10.00-3 STATUTORY RESERVE, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the reserve intended to ensure the integrity of share capital in accordance with the legislation in force;

• II - 6.1.5.20.00-0 STATUTORY RESERVES, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the reserves constituted by determination of the bylaws;

• III - 6.1.5.30.00-7 CONTINGENCY RESERVES, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the reserve intended to offset, in future periods, the decrease in profit resulting from a future loss, judged probable, whose value can be estimated;

• IV - 6.1.5.40.00-4 EXPANSION RESERVES, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the retention of portions of net profit, provided for in a capital budget, proposed by the management bodies and approved by the general meeting;

• V - 6.1.5.50.00-1 RESERVE FOR UNREALIZED PROFITS, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the reserves for unrealized profits in the manner of the legislation in force;

• VI - 6.1.5.60.00-8 TAX INCENTIVE RESERVE, with attributes UBDKIFJACTSWELMNHYZ, whose function is to record the value of the reserves constituted through the use of a portion of net profit resulting from donations and government subsidies for investments; and

• VII - 6.1.5.80.00-2 SPECIAL PROFIT RESERVES, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the remuneration of capital not distributed, mandatory or proposed, that does not constitute an obligation at the date of the balance sheet or statement of changes in equity.

Sole paragraph. The accounting title 6.1.5.80.00-2 SPECIAL PROFIT RESERVES shall be segregated into the following accounting sub-titles:

• I - 6.1.5.80.10-5 Undistributed Mandatory Dividends, with attributes UBDKIFJACTSWELMNHYZ, which is intended to record the value of the undistributed mandatory dividends, in accordance with the regulations in force;

• II - 6.1.5.80.20-8 Proposed Additional Dividends, with attributes UBDKIFJACTSWELMNHYZ, which is intended to record the value of dividends declared after the accounting period to which the financial statements refer, but before the date of authorization for the issuance of such statements, that exceed the portion of the mandatory minimum dividend referred to in Art. 202 of Law No. 6,404, of 15 December 1976, while not yet approved by the shareholders' meeting or partners' meeting;

• III - 6.1.5.80.30-1 Undistributed Interest on Own Capital, with attributes UBDKIFJACTSWELMNHYZ, which is intended to record the value of the interest on own capital charged to the undistributed mandatory dividends, in accordance with the regulations in force;

• IV - 6.1.5.80.40-4 Proposed Additional Interest on Own Capital, with attributes UBDKIFJACTSWELMNHYZ, which is intended to record the value of the interest on own capital declared after the accounting period to which the financial statements refer, but before the date of authorization for the issuance of such statements, not charged to the mandatory minimum dividends, while not yet approved by the shareholders' meeting or partners' meeting; and

• V - 6.1.5.80.50-7 Undistributed Interest on Share Capital of Cooperatives, with attributes RZ, which is intended to record the value of the interest on share capital not distributed due to a legal or regulatory impediment; and

• VI - 6.1.5.80.99-2 Others, with attributes UBDKIFJACTSWERLMNHYZ.

Art. 9º The accounting record of the items of the breakdown of subgroup 6.1.6.00.00-9 Equity Valuation Adjustments shall be made in the following accounting titles, all with Estban code 610:

• I - 6.1.6.10.00-6 (+/-) SECURITIES AVAILABLE FOR SALE, with attributes UBDIFACTSWERLMNHYZ, whose function is to record the appreciation or depreciation resulting from the adjustment to fair value, net of tax effects, of securities classified in the available-for-sale category, with the corresponding entry in the appropriate equity account;

• II - 6.1.6.20.00-3 (+/-) CASH FLOW HEDGE, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to record the effective portion of the appreciation or depreciation resulting from the adjustment to fair value, net of tax effects, of financial derivative instruments classified as cash flow hedges, with the corresponding entry in the appropriate equity account;

• III - 6.1.6.25.00-8 (+/-) HEDGE OF FOREIGN INVESTMENT, with attributes UBDKIFACTWELMNZ, whose function is to record, net of tax effects, the effective portion of the appreciation or depreciation of financial instruments contracted specifically or designated to offset, in whole or in part, the risks arising from exposure to exchange rate fluctuations of a subsidiary or of equity investments in an affiliate or subsidiary abroad;

• IV - 6.1.6.30.00-0 (+/-) ADJUSTMENTS TO BUSINESS COMBINATIONS, with attributes UBDIFACTSWELMNHYZ, whose function is to record the counterparts of increases or decreases in values assigned to assets and liabilities, as a result of their fair value measurement net of tax effects, while not yet recognized in the results of the period in compliance with the accrual basis, in business combination processes, having the appropriate balance sheet accounts as the counterpart;

• V - 6.1.6.40.00-7 (+/-) ACTUARIAL MEASUREMENT ADJUSTMENTS, with attributes UBDKIFACTWERLMNYZ, whose function is to record gains or losses arising from actuarial remeasurements of the net liability or asset of defined benefit plans that, in accordance with Technical Pronouncement CPC 33 (R1) - Employee Benefits, approved by the Accounting Pronouncements Committee (CPC) on 7 December 2012, must be recognized in equity, without effects on the results of the period;

• VI - 6.1.6.50.00-4 (+/-) FOREIGN INVESTMENT EXCHANGE RATE VARIATION ADJUSTMENTS, with attributes UBDKIFACTWELMNYZ, whose function is to record, net of tax effects, the exchange rate variation gains or losses generated by the translation of financial statements of investments abroad, which, in accordance with the regulations in force, must be recorded directly in equity; and

• VII - 6.1.6.90.00-2 (+/-) OTHER BALANCE SHEET MEASUREMENT ADJUSTMENTS, with attributes UBDIFACTSWELMNHYZ, whose function is to record gains or losses arising from the revaluation of assets and liabilities, net of tax effects, which, by force of law or of a sub-legislative normative act, must be recognized in equity, without effects on the results of the period, for which there is no specific account.

Sole paragraph. The following accounting titles must be segregated into subtitles:

• I - 6.1.6.10.00-6 (+/-) AVAILABLE FOR SALE SECURITIES:

  • a) 6.1.6.10.10-9 (+/-) Own, with attributes UBDIFACTSWELMNHYZ; and

  • a) 6.1.6.10.10-9 (+/-) Own, with attributes UBDIFJACTSWELMNHYZ; and (Wording given, as of 1º/7/2023, by Normative Instruction BCB No. 386, of 30/5/2023.)

  • b) 6.1.6.10.20-2 (+/-) of Affiliates and Subsidiaries, with attributes UBDIFACTSWERLMNHYZ;

• II - 6.1.6.20.00-3 (+/-) CASH FLOW HEDGE, all with attributes UBDKIFJACTSWERLMNHYZ:

  • a) 6.1.6.20.05-8 (+/-) Own – Derivatives Whose Hedged Items Are Adjusted to Fair Value;

  • b) 6.1.6.20.15-1 (+/-) Own – Derivatives Whose Hedged Items Are Not Adjusted to Fair Value;

  • c) 6.1.6.20.25-4 (+/-) D/Affiliates/Subsidiaries – Derivatives Whose Hedged Items Are Adjusted to Fair Value; and

  • d) 6.1.6.20.35-7 (+/-) D/Affiliates/Subsidiaries – Derivatives Whose Hedged Items Are Not Adjusted to Fair Value; and

• III - 6.1.6.25.00-8 (+/-) HEDGE OF INVESTMENT ABROAD, all with attributes UBDKIFACTWELMNZ:

  • a) 6.1.6.25.10-1 (+/-) Own – Derivative Financial Instruments;

  • b) 6.1.6.25.15-6 (+/-) Own – Non-derivative Financial Instruments;

  • c) 6.1.6.25.20-4 (+/-) Of Affiliates and Subsidiaries – Derivative Financial Instruments; and

  • d) 6.1.6.25.25-9 (+/-) Of Affiliates and Subsidiaries – Non-derivative Financial Instruments.

Art. 10. The accounting record of the items of the subgroup breakdown 6.1.7.00.00-2 Accumulated Surpluses or Losses must be made in the accounting title 6.1.7.10.00-9 ACCUMULATED SURPLUSES OR LOSSES, with attributes RZ, whose function is to record the remaining balance of the surpluses or losses of credit unions.

Art. 11. The accounting record of the items of the subgroup breakdown 6.1.8.00.00-5 Accumulated Profits or Losses must be made in the following accounting titles:

• I - 6.1.8.10.00-2 ACCUMULATED PROFITS OR LOSSES, with attributes UBDKIFJACTSWELMNHYZ, Estban code 610, whose function is to record the remaining balance of profits (or losses), after reversals, adjustments and allocations;

• II - 6.1.8.80.00-1 CAPITAL REMUNERATION PAID IN ADVANCE, with attributes UBDKIFJACTSWELMNHYZ, Estban code 610, whose function is to record the capital remuneration paid before its declaration; and

• III - 6.1.8.90.00-8 (+/-) UNREALIZED CAPITAL GAINS OR LOSSES, with attributes Z, whose function is to record the amount of unrealized capital gains, arising from market appreciation of assets and rights of the liquidating entity, incorporated into the accounting title itself, and of unrealized capital losses, arising from market depreciation of assets and rights of the liquidating entity related to credit operations, leasing operations, other credits and property in use.

Sole paragraph. The accounting title 6.1.8.80.00-1 CAPITAL REMUNERATION PAID IN ADVANCE must be segregated into the following accounting sub-titles, all with attributes UBDKIFJACTSWELMNHYZ:

• I - 6.1.8.80.10-4 (-) Dividends Paid in Advance;

• II - 6.1.8.80.20-7 (-) Interest on Own Capital Paid in Advance; and

• III - 6.1.8.80.90-8 (-) Other Capital Remuneration Paid in Advance.

Art. 12. The accounting record of the items of the subgroup breakdown 6.1.9.00.00-8 (-) Treasury Shares must be made in the accounting title 6.1.9.10.00-5 (-) TREASURY SHARES, with attributes UBDKIFJACTSWELMNHYZ, Estban code 610, whose function is to record the value of own shares acquired to remain in treasury or for cancellation.

Sole paragraph. The accounting title 6.1.9.10.00-5 (-) TREASURY SHARES must be segregated into the following sub-titles, all with attributes UBDKIFJACTSWELMNHYZ:

• I - 6.1.9.10.10-8 (-) Authorized to Compose Principal Capital, which is intended for the record of shares authorized to compose principal capital held in treasury;

• II - 6.1.9.10.20-1 (-) Authorized to Compose Complementary Capital before October 1, 2013, which is intended for the record of shares that were, before October 1, authorized to compose principal capital and that are held in treasury;

• III - 6.1.9.10.30-4 (-) Authorized to Compose Complementary Capital, which is intended for the record of shares that, according to current regulations, are authorized to compose principal capital and that are held in treasury;

• IV - 6.1.9.10.40-7 (-) Authorized to Compose Tier II before October 1, 2013, which is intended for the record of shares that were, before October 1, 2013, authorized to compose Tier II Capital and that are held in treasury; and

• V - 6.1.9.10.50-0 (-) Authorized to Compose Tier II, which is intended for the record of shares that, according to current regulations, are authorized to compose Tier II Capital and that are held in treasury.

Section III

On the Net Equity of Savings and Loan Associations

Art. 13. Savings and loan associations must record their net equity in the accounts of subgroup 6.2.0.00.00-0 APE - SOCIAL CAPITAL, segregated into the following subgroup breakdowns:

• I - 6.2.1.00.00-3 APE – Funds from Saver Members;

• II - 6.2.5.00.00-5 APE – Profit Reserves;

• III - 6.2.6.00.00-8 APE – Equity Valuation Adjustments; and

• IV - 6.2.8.00.00-4 APE – Accumulated Profits or Losses.

Art. 14. The accounting record of the items of the subgroup breakdown 6.2.1.00.00-3 APE – Funds from Saver Members must be made in the following accounting titles, all with attributes SZ:

• I - 6.2.1.10.00-0 APE – FREE SAVINGS DEPOSITS – INDIVIDUALS, whose function is to record freely transferable savings deposits held exclusively by individual members;

• II - 6.2.1.20.00-7 APE – FREE SAVINGS DEPOSITS – LEGAL ENTITIES, whose function is to record freely transferable savings deposits held exclusively by legal entity members; and

• III - 6.2.1.25.00-2 APE – SAVINGS DEPOSITS OF RELATED PARTIES, whose function is to record savings deposits held by individuals or legal entities related to the institution, understood as its administrators and other members of statutory bodies, their controllers and companies controlled by them, directly or indirectly, and associates under common control.

Sole paragraph. The accounting title 6.2.1.25.00-2 APE – SAVINGS DEPOSITS OF RELATED PARTIES must be segregated into the following accounting sub-titles, all with attributes SZ:

• a) 6.2.1.25.10-5 Individuals; and

• b) 6.2.1.25.20-8 Legal Entities.

Art. 15. The accounting record of the items of the subgroup breakdown 6.2.5.00.00-5 APE – Profit Reserves must be made in the title 6.2.5.20.00-9 APE – PROFIT RESERVES, with attributes SZ, whose function is to record the profit reserves, constituted in accordance with current legislation.

Art. 16. The accounting record of the items of the subgroup breakdown 6.2.6.00.00-8 APE – Equity Valuation Adjustments must be made in the following accounting titles, all with attributes SZ:

• I - 6.2.6.10.00-5 (+/-) APE – AVAILABLE-FOR-SALE SECURITIES, whose function is to record the appreciation or depreciation resulting from the adjustment to market value, net of tax effects, of securities classified in the available-for-sale securities category, with the appropriate equity account as the counterpart;

• II - 6.2.6.20.00-2 (+/-) APE – CASH FLOW HEDGE, whose function is to record the effective portion of the appreciation or depreciation resulting from the adjustment to market value, net of tax effects, of financial derivative instruments classified as cash flow hedges, with the appropriate equity account as the counterpart;

• III - 6.2.6.30.00-9 (+/-) APE – BUSINESS COMBINATION ADJUSTMENTS, whose function is to record the counterparts of increases or decreases in amounts attributed to assets and liabilities, as a result of their fair value measurement, net of tax effects, while not computed in the result for the year in compliance with the accrual basis, in merger, amalgamation and spin-off processes, with the appropriate equity accounts as the counterpart;

• IV - 6.2.6.40.00-6 (+/-) APE – ACTUARIAL VALUATION ADJUSTMENTS, whose function is to record gains or losses arising from actuarial remeasurements of the net amount of liabilities or assets of defined benefit plans that, in accordance with Technical Pronouncement CPC 33 (R1) – Employee Benefits, approved by the Accounting Pronouncements Committee (CPC), on 7 December 2012, must be recorded in equity, with no effects on the result for the year; and

• V - 6.2.6.90.00-1 (+/-) APE – OTHER EQUITY VALUATION ADJUSTMENTS, whose function is to record gains or losses arising from the revaluation of assets and liabilities, net of tax effects, that, by force of law or of an infra-legal normative act, must be recorded in equity, with no effects on the result for the year, for which no specific account exists.

Art. 17. The accounting record of the items of the subgroup breakdown 6.2.8.00.00-4 APE – Accumulated Profits or Losses must be made in the accounting account 6.2.8.10.00-1 (+/-) APE – ACCUMULATED PROFITS OR LOSSES, with attributes SZ, whose function is to record the remaining balance of profits or losses, after reversals, adjustments and allocations.

Section IV

On the Accounting Record of Non-Controlling Interests

Art. 18. The institutions mentioned in art. 1 that are leaders of a prudential conglomerate must record non-controlling interests in subgroup 6.4.0.00.00-8 NON-CONTROLLING INTERESTS, in the subgroup breakdown 6.4.1.00.00-1 Non-Controlling Interests.

Art. 19. The accounting record of the items of the subgroup breakdown 6.4.1.00.00-1 Non-Controlling Interests must be made in the accounting account 6.4.1.10.00-8 NON-CONTROLLING INTERESTS, with attributes UBDKIFJACTSWELMNYZ, whose function is to record, in the consolidated documents, by the leading institution of the prudential conglomerate, the non-controlling interests, separately from the equity attributable to the owners of the parent company.

Sole paragraph. The accounting account 6.4.1.10.00-8 NON-CONTROLLING INTERESTS must be segregated into the following accounting subaccounts, all with attributes UBDKIFJACTSWELMNYZ:

• I - 6.4.1.10.10-1 Authorized to Operate by the BCB – Portion Held by the Controller of the Leader, which is intended for recording the non-controlling interest in an institution authorized to operate by the Central Bank of Brazil held, directly or indirectly, by the controller of the leading institution of the conglomerate;

• II - 6.4.1.10.20-4 Authorized to Operate by the BCB, which is intended for recording the other non-controlling interests in an institution authorized to operate by the Central Bank of Brazil not covered by subaccount 6.4.1.10.10-1 Authorized to Operate by the BCB – Portion Held by the Controller;

• III - 6.4.1.10.30-7 Entities Abroad, which is intended for recording the non-controlling interest in a controlled entity located abroad that carries out an activity equivalent to that of a financial institution in Brazil;

• IV - 6.4.1.10.80-2 Controlled FIDC, which is intended for recording the non-controlling interest in controlled credit rights investment funds (FIDC), under the terms of the current regulation;

• V - 6.4.1.10.90-5 Other Controlled Investment Funds, which is intended for recording the non-controlling interest in other controlled investment funds, under the terms of the current regulation; and

• VI - 6.4.1.10.99-8 Other Entities, which is intended for recording the non-controlling interest in a controlled entity for which there is no specific subaccount.

CHAPTER III

FINAL PROVISIONS

Art. 20. The accounting items that make up group 6 existing on 30 June 2022 are excluded from Cosif.

Art. 21. The provisions of this Normative Instruction apply to accounting documents prepared from the base date of July 2022.

Art. 22. This Normative Instruction enters into force on 1 July 2022.

João André Calvino Marques Pereira

note 175/2022–BCB/DENOR, OF 31 MARCH 2022

It provides grounds for the proposal to issue a normative instruction that defines the accounting items of the Equity group of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil - Cosif.

Mr. Head of Denor,

This Note provides grounds for the proposal to issue a normative instruction by the Department of Regulation of the Financial System (Denor), in the exercise of the attribution conferred upon it by art. 23, item I, subitem "a", of the Internal Rules of the Central Bank of Brazil, annexed to Portaria No. 84.287, of 27 February 2015, and based on art. 10 of BCB Resolution No. 92, of 6 May 2021, to define the accounting items of the Equity group of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil - Cosif.

2. Initially, it should be noted that Decreto nº 10.139, de 28 de novembro de 2019, established the obligation for the bodies and entities of the direct, autarchic and foundational federal public administration to review and consolidate the normative acts issued within the scope of their respective competences, in order to rationalize the regulatory process.

3. In view of the provisions of that Decreto, a task force was set up within this Department to plan and carry out the review of the normative acts dealing with matters whose competence for drafting normative proposals belongs to this Unit, according to the Internal Rules of the Banco Central. In this review, the need was identified to consolidate, in a single normative act, the accounting entries of each of the following accounting groups that make up the Cosif Chart of Accounts, according to Resolução BCB nº 92, de 2021: Ativo Realizável; Ativo Permanente; Compensação Ativa; Passivo Exigível; Patrimônio Líquido; Resultado Credor; Resultado Devedor; and Compensação Passiva.

4. Thus, this proposed normative instruction consolidates the accounting entries of the Patrimônio Líquido group, establishes the codes and nomenclatures of the subgroups, subgroup breakdowns, accounting titles and subtitles, as well as the functions and attributes of the accounting titles and subtitles and the Estban code of the accounting titles, when applicable.

5. Finally, in compliance with the provisions of art. 5º of Lei nº 13.874, de 20 de setembro de 2019, Decreto nº 10.411, de 30 de junho de 2020, determines that proposals for normative acts of general interest to economic agents formulated by bodies and entities of the direct, autarchic and foundational federal public administration, as well as by collegiate bodies through the body or entity responsible for providing administrative support, be preceded by a Regulatory Impact Analysis (RIA).

6. However, according to item VI of § 2º of art. 3º of the aforementioned Decreto, the obligation of RIA does not apply to normative acts aimed at consolidating other norms on specific matters, without substantive change. Therefore, in view of this provision, the normative instruction proposed herein is exempt from the preparation of an RIA.

For the consideration of Your Excellency.

Uverlan Rodrigues Primo
Consultant

Agreed.

João André Calvino Marques Pereira
Department Head