BCB Normative Instruction No. 709 — Amends BCB Normative Instruction No. 385, of May 30, 2023

Vote

BCB NORMATIVE INSTRUCTION NO. 709, OF FEBRUARY 12, 2026

Amends BCB Normative Instruction No. 385, of May 30, 2023.

The Head of the Prudential and Foreign Exchange Regulation Department (Dereg), in the exercise of the powers conferred upon him by arts. 23, item I, subparagraph “a”, and 119, item I, subparagraph “d”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, and in view of the provisions of art. 56, of Resolution No. 4,557, of February 23, 2017, in art. 23, § 5º, of BCB Resolution No. 54, of December 16, 2020, and in art. 63 of BCB Resolution No. 265, of November 25, 2022,

R E S O L V E S :

Art. 1 BCB Normative Instruction No. 385, of May 30, 2023, published in the Official Gazette of the Union on May 31, 2023, shall come into force with the following amendments:

“Art. 1-J Modifications have been made to the following tables:

I - Table OR2: change in the definition of “Columns”.

II - Table OR3: change in the definition of “Line 1”.” (NR)

Art. 2 This Normative Instruction comes into force on the date of its publication.

Ricardo Franco Moura

INFORMATION NOTE, OF FEBRUARY 12, 2026

Regulatory Matters – Amends BCB Normative Instruction No. 385, of May 30, 2023.

BCB Resolution No. 356, issued on November 28, 2023, established the new standardized approach for calculating the risk-weighted assets portion related to the calculation of capital required for operational risk (RWAOPAD). At the time, BCB Resolution No. 54, of December 16, 2020, which deals with the Pillar 3 Report, was also amended to provide for a new section for standardized disclosure requirements for operational risk information. Normative Instruction No. 639, of June 17, 2025, promoted the inclusion of these tables in the Pillar 3 Report.

2. With the approaching first disclosure of the Report already including the new operational risk tables, operational difficulties were identified in filling certain information in Table OR2 – Composition of the Business Indicator (BI). In this regard, the present normative instruction promotes a change in the description of Table OR2 to clarify that the values for the annual disclosure period must be those in force on the reference date.

3. Considering the RWAOPAD calculation methodology, the values determined for the reference date remain valid until the subsequent reference date. Thus, the value in force on December 31 corresponds to the calculation performed based on the previous six semesters, the last of which is the semester ending on June 30. This update ensures alignment between the values disclosed in the Pillar 3 Report and those contained in the Operational Limits Statement (DLO) related to the reference date.

4. Additionally, a change was made to Table OR3 - Capital requirement for operational risk, in order to include explicit reference to the correspondence between the values disclosed in Tables OR2 and OR3, which must be equal.

5. These changes aim to facilitate compliance with operational risk information disclosure obligations to avoid rework and excessive compliance costs for regulated institutions.

6. Finally, I emphasize that art. 4, item VII, of Decree No. 10,411, of June 30, 2020, which establishes the need for Regulatory Impact Analysis (AIR) in the issuance of normative acts by direct, autonomous, and foundational federal public administration bodies and entities, establishes the hypothesis of AIR exemption for normative acts that reduce requirements, obligations, restrictions, requisitions, or specifications with the objective of reducing regulatory costs. Thus, considering that the promoted change aims to reduce compliance costs, I understand that the performance of AIR related to the regulation of this normative instruction is waived.

Ricardo Franco Moura
Head of the Prudential and Foreign Exchange Regulation Department