BCB Normative Instruction No. 700 - Amends BCB Normative Instruction No. 33 (2020) regarding procedures for sending Circular No. 3,979 (2020) information, and modifies Filling Instructions and layout for document 5050 (DRO)

Resolution No. 222

NORMATIVE INSTRUCTION
BCB NO. 700, OF JANUARY 13, 2026

Amends BCB Normative Instruction No. 33, of October 29, 2020, which establishes the procedures for sending the information referred to in Circular No. 3,979, of January 30, 2020, and amends the Filling Instructions and the layout of document code 5050 – Operational Risk Statement – DRO, referred to in BCB Normative Instruction No. 33, of 2020.

The Head of the Financial System Monitoring Department – Desig, substitute, the Head of the Banking Supervision Department – Desup, substitute, the Head of the Cooperatives and Non-Banking Institutions Supervision Department – Desuc, substitute, and the Head of the Strategic Management and Specialized Supervision Department – Degef, substitute, in the exercise of the attribution conferred upon them by art. 23, item I, subparagraph “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, and, in relation to the first, based on art. 85, item I, subparagraph “b” of the aforementioned Regulations, and in view of the provisions of CMN Resolution No. 4,557, of February 23, 2017, BCB Resolution No. 265, of November 25, 2022, and Circular No. 3,979, of January 30, 2020,

RESOLVE:

Art. 1. BCB Normative Instruction No. 33, of October 29, 2020, published in the DOU of November 4, 2020, Section 1, p. 44/45, shall come into force with the following changes:

“Art. 1. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in Segment 1 – S1, Segment 2 – S2 and Segment 3 – S3, under the terms of art. 2 of CMN Resolution No. 4,553, of January 30, 2017, and institutions classified as Type 3 classified in S2 and S3, under the terms of BCB Resolution No. 436, of November 28, 2024, must semi-annually send to the Central Bank of Brazil the information contained in the operational risk database referred to in Circular No. 3,979, of January 30, 2020, through document 5050 - Operational Risk Statement (DRO), observing the conditions described in the annex to this Normative Instruction.

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“Art. 2.
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II - from the reference date of June 2021, by institutions belonging to S2, under the terms of CMN Resolution No. 4,553, of 2017;

III - from the reference date of June 2024, by institutions classified as Type 3 classified in S2, under the terms of BCB Resolution No. 436, of 2024.; and

IV - from the reference date of June 2026, by institutions classified in S3, under the terms of CMN Resolution No. 4,553, of 2017, and by institutions classified as Type 3 classified in S3, under the terms of BCB Resolution No. 436, of 2024.” (NR)

“Art. 7. The request for discarding data from the operational risk database referred to in art. 9 of Circular No. 3,979, of 2020, must be forwarded to the unit of the Central Bank of Brazil responsible for the supervision of the requesting institution, which will be responsible for deciding on the approval or rejection of the request within a maximum period of 90 days.

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“Art. 10. The institutions mentioned in art. 1 must register in Unicad and keep updated the data referring to the employee able to answer any questions about the information provided under the terms of this Normative Instruction.

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Art. 2. The new versions of the Filling Instructions and the Layout of document code 5050 – Operational Risk Statement – DRO are available on the Central Bank of Brazil's website, at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

Art. 3. The following modifications were made to the Filling Instructions, valid from the reference date of January 2026:

I - in Chapter 6 – Data Discard:

a) replacement of the nominal reference to the Banking Supervision Department (DESUP) by the expression “respective department responsible for the direct supervision of the entity”;

b) change of the analysis period from 30 to 90 days.

Art. 4. The following modifications were made to the Filling Instructions, valid from the reference date of June 2026:

I - in Chapter 2 – Introduction:

a) item 2.1. – General Information: inclusion of Segment 3 - S3; and

b) item 2.2. – Document Temporal Scope: inclusion of a timeline for sending past events for institutions classified in segment S3.

Art. 5. The following modifications were made to the Filling Instructions, valid from the reference date of December 2026:

I - in Chapters 4, 7 and 8: drafting adjustments identified with the acronym (NR);

II - in Chapter 2, item 2.2. – Document Temporal Scope: clarification on the definition of temporal scope to consider the date of the last accounting;

III - in Chapter 3 – Conceptual View of the Document: inclusion of Block 5 – Events that are no longer reported individually;

IV - in Chapter 4 – Loss Aggregation Criteria:

a) update of the BIS document reference to BCBS196; and

b) detailing of examples of minimum aggregation criteria (cyber incidents, fraud, etc.);

V - in Chapter 7 – Legal Risk - Passive Contingencies:

a) change of title from “Judicial Passive Contingencies” to “Legal Risk – Passive Contingencies”; and

b) item 7.1. General Considerations:

1. change from “judicial passive contingencies” to “passive contingencies” to include all passive contingencies (judicial and administrative); and

2. adjustments to ensure compatibility and reconciliation with COSIF accounting balances;

VI - in Chapter 8, item 8.2.2 Fields of Individualized Events:

a) in field d) Assessment Type: creation of new possible values for the typeAvaliacao field (IE and ME);

b) in field l) Contingency Nature: inclusion of the nature “OUT” for unforeseen cases, with linkage to COSIF accounts;

c) in field q) Identification of Event Linked to Social, Environmental or Climate Risk: change of the field name ligadoRiscoSocioAmbiental to ligadoRSAC;

d) in fields v.4) Cosif Account - Debit and v.5) Cosif Account – Credit: inclusion of an annex with detailing of accounting rules, distinguishing four types of entries: effective loss, recovery of effective loss, provision constitution and provision reversal; and

e) inclusion of field w) Event Aggregation Identification (field: idEventoAgregador);

VII - in Chapter 8, item 8.3.2 Fields of Consolidated Events: inclusion of provision fields “g” to “k” and recovery fields “m” to “n”;

VIII - in Chapter 8 – Description of Document 5050 Fields: inclusion of item 8.6. Block 5 – Events that are no longer reported in the “Individualized Events” block, and its sub-items.

IX - in Chapter 9 – XML Layout of Document 5050: layout change;

X - in Chapter 10 - Annexes:

a) inclusion of item 10.4. Annex IV – Reasons for exclusion of Individualized Event; and

b) inclusion of item 10.5 Annex V - Accounting.

Art. 6. The following modifications were made to the Layout, valid from the reference date of December 2026:

I - Individualized Events Block:

a) inclusion of the idEventoAgregador field;

b) change of the typeAvaliacao field to contemplate new assessment types (IE, ME); and

c) change of the field name ligadoRiscoSocioAmbiental to ligadoRSAC;

II - Accounting Block: adjustments to the domains of COSIF account fields;

III - Consolidated Events Block: inclusion of the fields provisaoTotalCIV, provisaoTotalTRA, provisaoTotalTRI_CONST, provisaoTotalTRI_OUTROS, provisaoTotalOUTROS recuperacaoTotalConsol, and recuperacaoSemestreConsol; and

IV - Inclusion of Block 5 – Excluded Individualized Events: to report events that are no longer reported individually.

Art. 7. This Normative Instruction enters into force on the date of its publication.

ANDRÉ LUIZ CACCAVO MIGUEL RICARDO SIVIERI ZENI Head of Desig Head of Desup

GUSTAVO MARTINS DOS SANTOS MARCELO COLLI INGLEZ Head of Desuc Head of Degef

NOTE

1. The Operational Risk Statement – DRO, document code 5050, whose normative basis is Circular No. 3,979, of January 30, 2020, reflects the prudential regulation provided for in the normative framework applicable to operational risk. BCB Normative Instruction – IN BCB No. 33, of October 29, 2020, aims to synthetically present the guidelines for filling out the document, which consolidates information on operational losses, provisions, and passive contingencies, on the reference date of calculation.

2. Circular No. 3,979, of 2020, was amended to include in the list of institutions that must constitute and send the operational risk database, from June 1, 2026, institutions belonging to S3, under the terms of Resolution No. 4,553, of January 30, 2017, and BCB Resolution No. 436, of November 28, 2024.

3. Therefore, it is necessary to make adjustments to BCB Normative Instruction No. 33, of 2020, in order to adapt it to the provisions of Circular No. 3,979, of 2020.

4. This Normative Instruction aims to implement the following changes in IN BCB No. 33, of 2020:

I - in art. 1 - updating of the normative reference;

II - in art. 2 - inclusion of S3 institutions in the list of institutions that must send the DRO;

III - in art. 7 - drafting adjustment to clarify that the discarding of the database must be communicated to the unit of the Central Bank of Brazil responsible for the direct supervision of the requesting institution; and

IV - in art. 10 - drafting adjustment to clarify that all institutions mentioned in art. 1 must register in Unicad.

5. Additionally, the need was identified to make adjustments to the layout and Filling Instructions to meet the needs for improving operational risk monitoring, making the DRO more robust and complete, which allows for the development of new advances in the process of evaluating the quality of information, especially regarding the analysis of loss accounting procedures.

6. Therefore, this IN BCB also aims to implement the following changes in the filling instructions and the DRO layout:

I - inclusion of S3 institutions in the list of institutions that must send the DRO;

II - change of the data discard analysis period from 30 to 90 days;

III - creation of a new output block, intended to register events that are no longer reported individually, ensuring greater transparency and traceability of changes in the database;

IV - drafting adjustments and formal adjustments in several chapters, aiming for greater clarity, standardization, and alignment with current normative terminology;

V - expansion of the scope of information provided on passive contingencies, including all relevant judicial and administrative contingencies, with linkage to COSIF accounts, to ensure compatibility and reconciliation with accounting balances;

VI - detailing of the information in the “Accounting” field, with explicit definition of the four possible types of accounting entries (effective loss, recovery of effective loss, provision constitution, and provision reversal), avoiding inconsistencies and ensuring higher quality of information;

VII - inclusion of new fields in the consolidated block, to detail provision values by nature (civil, labor, tax, and others) and information on recoveries, allowing for greater granularity and reconciliation with accounting data; and

VIII - inclusion of the optional field “idEventoAgregador” in the individualized events block, allowing for the logical aggregation of events with the same root cause, even when reported disaggregated, ensuring backward compatibility and avoiding accounting impacts resulting from the integration or dismemberment of events.

7. It should be noted that the changes promoted in the DRO were subject to social participation, in the directed consultation modality, on December 16, 2024, and, after analysis of the comments and suggestions sent, the present proposal was established.

8. It should be emphasized that the adjustments in question were submitted to the analysis of the Information Governance Office – Eginf, which analyzed the request and submitted it for appreciation by the Information Governance Committee – CGI, which approved it on December 15, 2025.

9. Decree No. 10,411, of June 30, 2020, regulates the performance of regulatory impact analysis – AIR as a prerequisite for the issuance of a normative act. However, in its article 4, the said decree establishes the hypotheses for exemption from performing AIR. This Normative Instruction 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 technically or legally allow different regulatory alternatives; IV - normative act that aims at updating or revoking norms considered obsolete, without altering the merit; and V - normative act that aims to preserve liquidity, solvency or soundness: b) of financial, capital and exchange markets.

10. As described in paragraphs 2 to 4, this normative act promotes adjustments to IN BCB No. 33, of 2020, in order to adapt it to the provisions of Circular No. 3,979, of 2020, which justifies its classification under item II of Decree 10,411, of 2020.

11. The changes promoted in the filling instructions and the DRO layout, as described in paragraphs 5 and 6, aim to contribute to a better understanding, by the sending institutions, of what must be reported via DRO, as well as to expand the informational content sent, thus contributing to a better understanding of the operational risk of institutions, without altering the merit of the DRO, which justifies the classification under the exemptions provided for in items IV and V, subparagraph “b”.

12. Thus, based on the provisions of paragraphs 2 to 6, we understand that the issuance of this BCB Normative Instruction is exempt from performing AIR.

ANDRÉ LUIZ CACCAVO MIGUEL RICARDO SIVIERI ZENI Head of the Financial System Monitoring Department, substitute Head of the Banking Supervision Department, substitute

GUSTAVO MARTINS DOS SANTOS MARCELO COLLI INGLEZ Head of the Cooperatives and Non-Banking Institutions Supervision Department, substitute Head of the Strategic Management and Specialized Supervision Department, substitute