BCB Normative Instruction No. 566

BCB NORMATIVE INSTRUCTION No. 566, OF 17 DECEMBER 2024

Discloses the accounting items of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif), used as the calculation basis for the ordinary, special and additional contributions of institutions associated with the Credit Guarantee Fund (FGC).

The Deputy Head of the Department of Resolution and Sanctioning Action (Derad), in the exercise of the attribution conferred upon her by art. 23, item I, subitem "a", of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of 21 September 2023, based on art. 100, item III, subitem "b", point 3, of the said Regulations, and in view of the provisions of art. 6, § 1, item I, of CMN Resolution No. 4,222, of 23 May 2013, and art. 14 of BCB Resolution No. 102, of 7 June 2021,

D E C I D E S :

Art. 1 To disclose the accounting items of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) used as the calculation basis for the ordinary, special and additional contributions of institutions associated with the Credit Guarantee Fund (FGC), referred to in CMN Resolution No. 4,222, of 23 May 2013, and BCB Resolution No. 102, of 7 June 2021, listed in the annexes to this Normative Instruction.

Art. 2 The following are revoked:

• I - Normative Instruction 116, of 23 June 2021, published in the Official Gazette of the Union of 24 June 2021; and

• II - Normative Instruction 484, of 2 July 2024, published in the Official Gazette of the Union of 3 July 2024.

Art. 3 This Normative Instruction enters into force on 1 January 2025.

VIVIAN GRASSI SAMPAIO

ANNEX I TO BCB NORMATIVE INSTRUCTION No. 566, OF 17 DECEMBER 2024

Accounting items of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) used as the calculation basis for the ordinary contributions to the Credit Guarantee Fund (FGC).

• 9.8.2.10.01.01-4 Demand Deposits or Deposits Withdrawable Upon Prior Notice

• 9.8.2.10.01.02-1 Savings Deposits

• 9.8.2.10.01.03-8 Time Deposits

• 9.8.2.10.01.04-5 Deposits Not Movable by Check

• 9.8.2.10.01.05-2 Bills of Exchange

• 9.8.2.10.01.06-9 Mortgage Bills

• 9.8.2.10.01.07-6 Real Estate Credit Bills

• 9.8.2.10.01.08-3 Agribusiness Credit Bills

• 9.8.2.10.01.09-0 Repurchase Agreements - Related Parties - after 8 March 2012

• 9.8.2.10.01.10-0 Development Credit Bills

ANNEX II TO BCB NORMATIVE INSTRUCTION No. 566, OF 17 DECEMBER 2024

Accounting items of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) used as the calculation basis for the special contributions to the Credit Guarantee Fund (FGC).

• 9.8.2.10.02.01-3 Time Deposits with Special Guarantee - with Assignment of Receivables

ANNEX III TO BCB NORMATIVE INSTRUCTION No. 566, OF 17 DECEMBER 2024

Accounting items of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) used as the calculation basis for the Reference Funding (CR) for the purpose of calculating the additional contributions to the Credit Guarantee Fund (FGC).

• 9.8.2.10.03.01-2 Total Funding

• 9.8.2.10.03.02-9 (-) Funding from Related Parties

• 9.8.2.10.03.03-6 (-) Funding from Financial Institutions

NOTE

This Normative Instruction replaces BCB Normative Instruction (IN) No. 116, of 23 June 2021, to disclose the accounting items of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) used as the calculation basis for the ordinary, special and additional contributions of institutions associated with the Credit Guarantee Fund (FGC), in view of the change to Cosif, which will enter into force on 1 January 2025.

2. Cosif will have a new structure and, therefore, new accounting items, with codes and nomenclatures that differ from those disclosed in the aforementioned IN No. 116, of 2021. Thus, it is necessary to update the list of accounting items used as the basis for calculating the ordinary, special and additional contributions of institutions associated with the FGC.

3. CMN Resolution No. 4,222, of 23 May 2013, establishes, in summary, that the contributions derive from the amount of the balances of the accounts referring to the instruments guaranteed by the FGC, defines the parameters used for calculating the additional contributions and authorizes the Central Bank of Brazil to establish the accounts whose balances, in the financial statements of the associated institutions, must serve as the calculation basis for the contributions, with the Department of Resolution and Sanctioning Action (Derad), under the terms of art. 14 of BCB Resolution No. 102, of 7 June 2021, authorized to disclose them. Finally, art. 9, caput, item III, of the aforementioned BCB No. 102, of 2021, defines the reference funding CR, which are the basis for calculating the additional contribution and the amount to be allocated in federal public securities, as the value of total funding, less the balances referring to funding from related parties and funding from financial institutions recorded in the titles and subtitles of Cosif.

4. Thus, the IN only discloses the accounting items used for calculating the contributions to the FGC, taking into account the rules in hierarchically superior norms, not allowing, therefore, technically or legally, different regulatory alternatives, and aims at updating or revoking norms considered obsolete, without changing the merits. Therefore, in view of the provisions of art. 4, items II and IV, of Decree No. 10,411, of 30 June 2020, we understand that this normative instruction is exempt from the preparation of a Regulatory Impact Analysis (RIA).

Vivian Grassi Sampaio
Deputy Head of Department