BCB Normative Instruction No. 502

BCB NORMATIVE INSTRUCTION No. 502, OF 5 AUGUST 2024

Normative document repealed by BCB Normative Instruction No. 522, of 17/9/2024.

Amends BCB Normative Instruction No. 194, of 24 February 2022, which establishes procedures for the submission of the Banking Statistics by commercial banks, multiple banks with a commercial portfolio and by Caixa Econômica Federal.

The Head of the Financial System Monitoring Department (Desig), using the authority conferred on him by art. 23, item I, subitem "a", of the Internal Rules of the Central Bank of Brazil, published by means of BCB Resolution No. 340, of 21 September 2023, based on art. 85, item I, subitem "b" of the aforementioned Rules, and in view of the provisions of CMN Resolutions No. 4,911, of 27 May 2021, and 4,966, of 25 November 2021, of BCB Resolution No. 352, of 23 November 2023, and of BCB Normative Instructions Nos. 426, 427, 428, 429, 430, 431,432 and 433, all of 1 December 2023,

R E S O L V E S :

Art. 1 The new versions of the Instructions for completion and of the Layout of the document with code 4500 - Monthly Banking Statistics, available on the Central Bank of Brazil's page on the internet, at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd, shall take effect as from the January 2025 base date, with the following modifications:

• I - alteration of the accounting entries of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), as defined in BCB Normative Instructions Nos. 426, 427, 428, 429, 430, 431,432 and 433, all of 1 December 2023;

• II - replacement of the field "installation id" with the field "branch code", as set out in the Information System on Entities of Interest to the Central Bank - Unicad, addressed in BCB Resolution No. 209, of 22 March 2022;

• III - alteration of the submission format to: XML (Extensible Markup Language); and

• IV - exclusion of Document 4510 - Global Banking Statistics.

Art. 2 The summary of BCB Normative Instruction No. 194, of 3 December 2021, shall take effect with the following alterations:

"Establishes procedures for the submission of the Banking Statistics by commercial banks, multiple banks with a commercial portfolio and by Caixa Econômica Federal." (NR)

Art. 3 BCB Normative Instruction No. 194, of 3 December 2021, shall take effect with the following alterations:

"Art. 1 Commercial banks, multiple banks with a commercial portfolio and Caixa Econômica Federal, as established in art. 3 of CMN Resolution No. 4,911, of 27 May 2021, must prepare and submit to the Central Bank of Brazil the Banking Statistics by means of the document with code 4500 - Monthly Banking Statistics.

§ 1 The document addressed in the caput must:

• I - contain the information of each of its branches, separately;

• II - have as its base date the last day of the month;

• III - be submitted monthly, by the last business day of the month following the respective base date.

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

§ 3 The preparation of the document addressed in this article must be carried out observing the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) defined in BCB Normative Instructions Nos. 426, 427, 428, 429, 430, 431,432 and 433, all of 1 December 2023." (NR)

Art. 3 The annex to BCB Normative Instruction No. 194, of 3 December 2021, shall take effect with the following alterations:

"Annex to BCB Normative Instruction No. 194, of 3 December 2021.

Code and name of the document: 4500 - Monthly Banking Statistics.

Base date: last day of each month.

Submission frequency: monthly.

Deadline for submission: by the last business day of the month following the respective base date.

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

Submission format: XML (Extensible Markup Language).

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

Submission validation schema: XSD (XML Schema Definition).

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

Art. 4 Document 4510 - Global Banking Statistics is discontinued.

Art. 5 This Normative Instruction enters into force on 1 January 2025.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

NOTE

• The documents 4500 - Monthly Banking Statistics, containing the information of the submitting institution and 4510 - Global Banking Statistics, containing the information of each of the branches of the submitting institution, separately, governed by CMN Resolution No. 4,911, of 27 May 2021, by BCB Resolution No. 146, of 28 September 2021, and by BCB Normative Instruction No. 194, of 3 December 2021, are prepared by commercial banks, by multiple banks with a commercial portfolio and by Caixa Econômica Federal. These documents are part of the list of accounting documents and must be submitted to this Autarchy under the terms of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

• 2. CMN Resolution No. 4,966, of 25 November 2021, and BCB Resolution No. 352, of 23 November 2023, concluded the process of harmonization of the accounting rules provided for in the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) with the international pronouncement IFRS 9 - Financial Instruments issued by the International Accounting Standards Board (IASB). To allow accounting entries in the Cosif chart of accounts to be aligned with the accounting criteria and procedures established in the regulations issued by the CMN and the BCB, it became necessary to amend the accounts of said chart of accounts, which culminated in the issuance of BCB Normative Instructions (INs) nos. 426, 427, 428, 429, 430, 431,432 and 433, all of 2023. With the issuance of these INs, there was a significant change to Cosif, with the inclusion of one more level in its list of accounts, going from the current 5 levels to 6, which is being called Cosif version 1.5. As a direct consequence of this change, it is necessary to amend document 4500 so that it can reflect the new list of accounts.

• 3. Another direct consequence is the need to restructure the Cosif System, which receives and processes the accounting documents.

• 4. By opportunity, it is intended to eliminate the information segregated by municipality, which is currently sent through document 4510 - Global Banking Statistics, maintaining the obligation to send only document 4500 - Monthly Banking Statistics. This is because it is understood that it is possible to obtain the information segregated by municipality using the information currently sent through document 4500. That is, the elimination of document 4510 reduces the costs of sending information by the institutions and the cost of receiving and processing the document by the Central Bank, without reducing the informational content available to this Autarchy.

• 5. Accounting document 4500 is still prepared by the IFs in positional text format (TXT), a data transmission format that is obsolete. Maintaining documents in TXT format represents an additional cost not only for the Central Bank but also for the IFs. This is because almost all other documents prepared and sent to this Central Bank are in XML (eXtensible Markup Language) format, a format that is already mastered by the IFs and that represents an enormous evolution compared to TXT, being an open, structured standard format that is easy to read both for people and by computers, in addition to allowing content validation, which makes testing the document more effective and simpler to perform.

• 6. Due to restrictions, especially of time and personnel, the necessary alteration of the TXT and XML modules of the Cosif System would probably compromise the January 2025 deadline, agreed for the entry into force of Cosif version 1.5. Thus, to enable the reading of the new chart of accounts, it was decided to alter only the reading module of the XML files of the Cosif System.

• 7. Thus, as of the January 2025 base date, the institutions mentioned in paragraph 1 must send the document with code 4500 - Monthly Banking Statistics in XML format.

• 8. As a result, there will be a reduction in compliance costs, on the part of the IFs, and in oversight costs, on the part of the Central Bank, since files in an obsolete format that require high costs for preparation and maintenance of their generating system will no longer be generated, also implying a reduction in processing cost.

• 9. Decree No. 10.411, of 30 June 2020, regulates the performance of regulatory impact analysis (RIA) as a prerequisite for the issuance of a normative act. However, in its art. 4, the Decree establishes the hypotheses for waiving the performance of RIA. This BCB IN falls within the hypotheses provided for in items II - normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives; III - normative act considered of low impact; and VII - normative act that reduces requirements, obligations, restrictions, requirements or specifications with the objective of reducing regulatory costs.

• 10. In view of the issuance of the norms cited in paragraph 2 and aiming to allow the institutions to correctly calculate and report the Banking Statistics, there is no alternative but to amend document 4500, thus justifying the classification of this Normative Instruction under item II of art. 4 of Decree No. 10.411, of 2020. It is understood that the change, both in format and content, is the simplest and lowest-cost way of implementation, both for the entities and for this Central Bank, which also justifies its classification under item III of art. 4 of the aforementioned Decree. Finally, the classification of this normative act under item VII of the cited Decree is justified, since documents in an old and obsolete format will no longer be required, as well as information relating to the sending institution, which will generate cost reductions, as already clarified.

• 11. Thus, based on what is set out in paragraphs 9 and 10, I understand that the issuance of this Normative Instruction is exempt from the performance of RIA.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA Head of the Department of Monitoring of the Financial System (Desig)