BCB Normative Instruction No. 785

The Head of the Financial System Monitoring Department - Desig, using the attribution conferred upon him 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. 85, item I, subitems "a" and "b", of the aforementioned Regulations, and in view of the provisions of CMN Resolutions nos. 4,956 and 4,958, both of 21 October 2021, and 5,207, of 30 April 2025, in Circular No. 3,641, of 4 March 2013, as amended by BCB Resolution No. 592, of 30 September 2026, and in BCB Resolution No. 470, of 30 April 2025,

R E S O L V E S:

Art. 1 The new versions of the Completion Instructions and the Layout of the document with code 2011 - Daily Statement of Monitoring of Capital Requirement Portions and Operational Limits - DDR, available on the Central Bank of Brazil's website on the internet, at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd, shall come into force.

Art. 2 The following modifications were made to the Completion Instructions:

• I - in item 1 - General Guidelines: wording change;

• II - in item 2 - List of accounts:

  • a) inclusion of accounts 300000, 420000, 421000, 421100, 421200, 421300, 421400, 421500, 421600, 421700 and 422000;

  • b) change in the description of the function of accounts 191000, 310000, 310100, 310101, 310102, 310103, 310104, 310105, 410100, 410101, 410200, 410201, 410202, 410300, 410301, 410302, 410400, 410401, 410402, 410500, 410501, 410502, 410503, 410504, 410600, 410601, 410602, 410603, 410604, 410700, 410701, 410702, 410703, 410704, 410800, 410801, 410802, 410900, 410901, 410904, 410907, 410908, 410909 and 410910; and

  • c) exclusion of accounts 503000, 504000, 505000, 506000, 507000, 508000, 610000, 620000, 620100, 620200, 620300, 620400, 620500, 620501, 620502, 620503, 620504, 620505, 630000, 630100, 630200, 630300, 630400, 630500, 630501, 630502, 630503, 630504, 630505 and 710000.

Art. 3 The following modifications were made to the Layout:

• I - in Annex 4 - Accounts:

  • a) inclusion of accounts 300000, 420000, 421000, 421100, 421200, 421300, 421400, 421500, 421600, 421700 and 422000; and

  • b) exclusion of accounts 503000, 504000, 505000, 506000, 507000, 508000, 610000, 620000, 620100, 620200, 620300, 620400, 620500, 620501, 620502, 620503, 620504, 620505, 630000, 630100, 630200, 630300, 630400, 630500, 630501, 630502, 630503, 630504, 630505 and 710000.

Art. 4 This Normative Instruction shall come into force on the date of its publication, producing effects:

• I - immediately in relation to the change in the description of the function of account 191000;

• II - on 1 January 2027, in relation to the other items.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

NOTE

The Daily Statement of Monitoring of Capital Requirement Portions and Operational Limits - DDR, document with code 2011, addressed by BCB Resolution No. 100, of 2 June 2021, and BCB Normative Instruction No. 118, of 24 June 2021, gathers information intended for the daily monitoring of exposure in gold, in foreign currency and in daily operations related to exchange variation, and for the calculation of Risk-Weighted Assets (RWA) for market risk, used for the purposes of calculating the minimum requirements of Reference Equity (PR), Tier I, Common Equity Tier I and the Additional Common Equity Tier I.

2. CMN Resolution No. 5,207, of 30 April 2025, amended CMN Resolution No. 4,958, of 21 October 2021, to include a new component in the portion of risk-weighted assets - RWA called RWAsens, related to the standardized sensitivity-based approach of instruments subject to market risk. BCB Resolution No. 470, of 30 April 2025, established the procedures for calculating, through a standardized approach, the daily value of the RWAsens portion. Therefore, the DDR must be amended so that the information received in this statement adequately reflects the new methodology for calculating RWA for market risk.

4. BCB Resolution No. 592, of 30 September 2026, promoted changes in various regulations issued by this Central Bank, with effect from its publication. Among the changes promoted by the aforementioned Resolution, I highlight that of Circular No. 3,641, of 4 March 2026, which changes the calculation of the daily value of the portion of risk-weighted assets, related to exposures in gold, in foreign currency and in assets subject to exchange variation whose capital requirement is calculated through a standardized approach - RWACAM., in relation to cash flow hedge. As a result, there was a need to change the description of the function of account 191000 - Cash Flow Hedge to Offset Exchange Variation of Future Commitments.

5. Based on these regulatory changes, this Normative Instruction aims to update the Completion Instructions and the Layout of document 2011 to:

• I - adjust the wording of the general guidelines;

• II - include accounts necessary for monitoring the information used to calculate RWA for market risk;

• III - change the description of the function of existing accounts, in order to adapt them to the current regulations; and

• IV - exclude accounts that will no longer be used with the new methodology for calculating RWA for market risk.

6. The changes addressed in this Normative Instruction shall produce effects from 1 January 2027, except for the change described in paragraph 4 of this note, which shall produce effects from the date of publication of this normative.

7. The modifications cover, in the Completion Instructions, the inclusion of eleven accounts, the change in the description of the function of forty-four accounts and the exclusion of thirty accounts. In the Layout, the same eleven accounts are included and the same thirty accounts are excluded.

8. Decree No. 10,411 of 30 June 2020 regulates the performance of regulatory impact analysis – RIA as a prerequisite for the issuance of normative acts of general interest to economic agents. Article 4 of the aforementioned Decree, however, provides for hypotheses of waiver of the RIA, among them the issuance of a normative act intended to discipline rights or obligations defined in a hierarchically superior norm that does not permit, technically or legally, different regulatory alternatives, as well as an act aimed at preserving the liquidity, solvency or soundness of the financial, capital and foreign exchange markets.

9. The changes hereby made are necessary to adapt document 2011 to the current prudential regulation and to allow adequate daily monitoring of the portions of capital requirement related to market risk. Thus, no regulatory alternative other than updating the Completion Instructions and the DDR Layout is identified.

10. Therefore, based on art. 4, items II and V, subparagraph “b”, of Decree No. 10,411 of 2020, I understand that the issuance of this Normative Instruction is waived from carrying out the RIA.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA
Head of the Department for Monitoring of the Financial System