BCB Normative Instruction No. 786

The Head of the Financial System Regulation Department (Denor), using the authority conferred on him by art. 23, item I, subitem "a", of the Internal Rules of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of 21 September 2023, based on arts. 12 of CMN Resolution No. 4,858, of 23 October 2020, and 10 of BCB Resolution No. 92, of 6 May 2021,

R E S O L V E S :

Art. 1 The following accounting entries are amended in Annex VIII of BCB Normative Instruction No. 426, of 1 December 2023, published in the Official Gazette of the Union of 14 December 2023, observing the order of the "Account Code" column:

Account Code

Account Name

Estban

Function

1.8.8.40.05.00-0

Tax - Law 14,973, of 2024

-

1.8.8.40.15.00-7

Tax - Others

-

1.8.8.40.20.00-9

Labor

-

1.8.8.40.30.00-6

Civil

-

1.8.9.40.41.00-9

(-) Provision for Credit Loss on Operations with Financial Assets and Goods to be Settled - Intermediated

-

Record the provision referring to losses arising from credit risk in operations carried out with goods and financial assets on commodity and futures exchanges, on own account and on behalf of clients, as well as the corresponding settlements, through an authorized institution acting as a clearing member.

Art. 2 The following accounting entry is amended in Annex IX of BCB Normative Instruction No. 426, of 2023, observing the order of the "Account Code" column:

Account Code

Account Name

Estban

Function

1.9.8.99.90.00-3

(-) Others

-

Art. 3 The following accounting entry is included in Annex I of BCB Normative Instruction No. 428, of 1 December 2023, published in the Official Gazette of the Union of 14 December 2023, observing the order of the "Account Code" column:

Account Code

Account Name

Estban

Function

3.0.9.12.00.00-5

LIMITS AND FUNDS RAISED FROM MUNICIPALITIES BY COOPERATIVES - CONTROL

-

Record the fundraising limit and the balance of funds raised from municipalities under the terms of CMN Resolution No. 5,051, of 25 November 2022, against heading 9.0.9.12.00.00-9 LIMITS AND FUNDS RAISED FROM MUNICIPALITIES BY COOPERATIVES.

Art. 4 The following accounting entries are amended in Annex I of BCB Normative Instruction No. 428, of of 2023, observing the order of the "Account Code" column:

Account Code

Account Name

Estban

Function

3.0.9.16.00.00-7

OPERATIONS WITH RELATED PARTIES

-

Record the amount corresponding to credit operations carried out with related parties, under the terms of CMN Resolution No. 4,693, of 29 October 2018, against heading 9.0.9.16.00.00-1 OPERATIONS WITH RELATED PARTIES - CONTROL.

3.0.9.16.10.00-4

Natural Person - Related Party with the Highest Sum of Operations

-

Record the amount corresponding to the highest sum of credit operations carried out, under the terms of CMN Resolution No. 4,693, of 2018, with a single related party that is a natural person, considering the sum of amounts already disbursed and amounts contracted but not yet disbursed attributable to that party.

3.0.9.16.20.00-1

Natural Person - Other Related Parties

-

Record the amount of credit operations carried out, under the terms of CMN Resolution No. 4,693, of 2018, with the other related parties that are natural persons, for which there is no specific account.

3.0.9.16.30.00-8

Legal Person - Related Party with the Highest Sum of Operations

-

Record the amount corresponding to the largest sum of credit operations carried out, under the terms of CMN Resolution No. 4,693, of 2018, with the same related legal entity party, considering the sum of the amounts already disbursed and the contracted amounts not yet disbursed attributable to that party.

3.0.9.16.40.00-5

Legal Entity - Other Related Parties

-

Record the amount of credit operations carried out, under the terms of CMN Resolution No. 4,693, of 2018, with the other related legal entity parties, for which there is no specific account.

Art. 5 The following accounting item is excluded from Annex I of BCB Normative Instruction No. 428, of 2023, observing the order of the "Account Code" column:

Account Code

Account Name

Estban

Function

3.0.9.14.00.00-1

APPLICATION OF DEPOSITS RAISED FROM MUNICIPALITIES FINANCIAL CENTRALIZATION

-

Record, by a central credit cooperative that provides financial centralization services, the amounts invested, according to current regulations, corresponding to the total of demand and time deposits raised by its affiliates from each municipality, together with their bodies or entities and companies controlled by them, against heading 9.0.9.14.00.00-5 RAISING OF DEPOSITS FROM MUNICIPALITIES - FINANCIAL CENTRALIZATION - APPLICATION.

Art. 6 The following accounting items are included in Annex II of BCB Normative Instruction No. 428, of 2023, observing the order of the "Account Code" column:

Account Code

Account Name

Estban

Function

3.2.5.20.99.00-0

Other Financial Assets

-

3.2.5.20.99.10-3

Fair Value Level 1

-

3.2.5.20.99.20-6

Fair Value Level 2

-

3.2.5.20.99.30-9

Fair Value Level 3

-

Art. 7 The following accounting items are included in Annex IV of BCB Normative Instruction No. 428, of 2023, observing the order of the "Account Code" column:

Account Code

Account Name

Estban

Function

3.8.1.20.60.20-4

Gross Carrying Amount - Operations Subject to Calculation of Presumed Credit

-

Record the carrying amount, before the recognition of the provision for losses, of rural credit operations subject to the calculation of presumed credit in accordance with current regulations.

3.8.1.20.60.30-7

Gross Carrying Amount - Operations Not Subject to Calculation of Presumed Credit

-

Record the carrying amount, before the recognition of the provision for losses, of rural credit operations not subject to the calculation of presumed credit in accordance with current regulations.

3.8.1.20.60.92-9

(-) Expected Losses - Operations Subject to Calculation of Presumed Credit

-

Record the provision for losses on rural credit operations subject to the calculation of presumed credit.

3.8.1.20.60.93-6

(-) Expected Losses - Operations Not Subject to Calculation of Presumed Credit

-

Record the provision for losses on rural credit operations not subject to the calculation of presumed credit.

3.8.3.00.00.00-2

Rural Credit Operations

-

3.8.3.10.00.00-1

Renegotiated or Restructured - SOURCE OF FUNDS

-

Record the carrying amount of rural credit operations subject to restructuring or renegotiation.

3.8.3.10.10.00-8

Mandatory Resources

-

Record the carrying amount of renegotiated rural credit operations in accordance with art. 1, § 3, item I of Provisional Measure No. 1.376, of 2026, for the composition of debts of rural producers affected by adverse events.

3.8.3.10.10.10-1

Gross Carrying Amount

-

3.8.3.10.10.90-5

(-) Expected Losses Associated with Credit Risk

-

3.8.3.10.20.00-5

Resources with Equalization of Financial Charges

-

Record the carrying amount of renegotiated rural credit operations in accordance with art. 1, § 3, item II of Provisional Measure No. 1.376, of 2026, for the composition of debts of rural producers affected by adverse events.

3.8.3.10.20.10-8

Gross Carrying Amount

-

3.8.3.10.20.90-2

(-) Expected Losses Associated with Credit Risk

-

3.8.3.10.30.00-2

Resources from Constitutional Financing Funds

-

Record the carrying amount of renegotiated rural credit operations in accordance with art. 1, § 3, item III of Provisional Measure No. 1.376, of 2026, for the composition of debts of rural producers affected by adverse events.

3.8.3.10.30.10-5

Gross Carrying Amount

-

3.8.3.10.30.90-9

(-) Expected Losses Associated with Credit Risk

-

3.8.3.10.40.00-9

Other Non-Equalized Sources of Resources

-

Record the carrying amount, before the recognition of the provision for losses, of renegotiated rural credit operations in accordance with art. 1, § 3, item IV of Provisional Measure No. 1.376, of 2026, for the composition of debts of rural producers affected by adverse events.

3.8.3.10.40.10-2

Gross Carrying Amount

-

3.8.3.10.40.90-6

(-) Expected Losses Associated with Credit Risk

-

3.8.3.10.50.00-6

Other Sources

-

Record the carrying amount of renegotiated rural credit operations in accordance with art. 1, § 3, item V of Provisional Measure No. 1.376, of 2026, for the composition of debts of rural producers affected by adverse events.

3.8.3.10.50.10-9

Gross Carrying Amount

-

3.8.3.10.50.90-3

(-) Expected Losses Associated with Credit Risk

-

Art. 8 The following accounting items are excluded from Annex IV of BCB Normative Instruction No. 428, of 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

3.8.1.20.60.10-1

Gross Carrying Amount - National Treasury Resources

-

Record the carrying amount, before the recognition of the provision for losses, of rural credit operations contracted in accordance with art. 2 of Provisional Measure No. 1.314, of 2025, for the settlement or amortization of debts of rural producers affected by adverse events.

3.8.1.20.60.15-6

Gross Book Value - Free Resources

-

Record the book value, before the recognition of the provision for losses, of rural credit operations contracted in accordance with art. 3 of Provisional Measure No. 1.314, of 2025, for the settlement or amortization of debts of rural producers harmed by adverse events.

3.8.1.20.60.90-5

(-) Expected Losses - National Treasury Resources

-

Record the provision for losses in rural credit operations contracted in accordance with art. 2 of Provisional Measure No. 1.314, of 2025.

3.8.1.20.60.95-0

(-) Expected Losses - Free Resources

-

Record the provision for losses in rural credit operations contracted in accordance with art. 3 of Provisional Measure No. 1.314, of 2025.

Art. 9 The following accounting items are included in Annex I of BCB Normative Instruction No. 430, of 1 December 2023, published in the Official Gazette of the Union of 14 December 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

6.1.8.50.00.00-8

(+/-) GAINS OR LOSSES FROM REALIZED EQUITY VALUATION ADJUSTMENTS

610

Record, at the net amount of tax effects, the gains or losses from realized equity valuation adjustments that were not reclassified to profit or loss.

6.1.8.50.15.00-0

(+/-) Gains or Losses on Derecognition of Realized FVOCI Equity Instruments

-

Record, at the net amount of tax effects, the gains or losses determined during the semester on the total or partial derecognition, in the corresponding proportion, of equity instruments classified in the fair value through other comprehensive income category. This account must have its balance closed against account 6.1.8.10.00.00-2 (+/-) ACCUMULATED PROFITS OR LOSSES upon the closing of the semester.

6.1.8.50.90.00-1

Others

-

Art. 10. The following accounting item is amended in Annex I of BCB Normative Instruction No. 430, of 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

6.1.6.20.20.00-1

(+/-) of Associates, Subsidiaries and Joint Ventures - Derivative Financial Instruments

-

Art. 11. The following accounting item is amended in Annex III of BCB Normative Instruction No. 431, of 1 December 2023, published in the Official Gazette of the Union of 14 December 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

7.9.7.10.00.00-8

PROFIT SHARING

711

Record, monthly or at the time of the balance sheet, the amounts referring to the reversal of provision for profit sharing. This account must have its balance closed against account 7.9.1.10.00.00-6 DETERMINATION OF PROFIT OR LOSS, at the time of preparation of the balance sheet.

Art. 12. The following accounting items are included in Annex I of BCB Normative Instruction No. 433, of 1 December 2023, published in the Official Gazette of the Union of 14 December 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

9.0.9.12.00.00-9

LIMITS AND FUNDS RAISED FROM MUNICIPALITIES BY COOPERATIVES

-

Record the fund-raising limit and the balance of funds raised from municipalities under CMN Resolution No. 5.051, of 25 November 2022, against account 3.0.9.12.00.00-5 LIMITS AND FUNDS RAISED FROM MUNICIPALITIES BY COOPERATIVES - CONTROL.

9.0.9.12.10.00-6

Demand and Time Deposits Raised from Municipalities

-

Record the balance of funds raised from municipalities, in the form of demand and time deposits without issuance of a certificate, under CMN Resolution No. 5.051, of 2022, segregating the portion covered by the Credit Cooperative Guarantee Fund (FGCoop) from the uncovered portion.

9.0.9.12.10.10-9

With Coverage by FGCoop

-

9.0.9.12.10.20-2

Without Coverage by FGCoop

-

9.0.9.12.20.00-3

Prepaid Payment Account

-

Record the balance of funds raised from municipalities in a prepaid payment account, under the terms of CMN Resolution No. 5.051, of 2022.

9.0.9.12.30.00-0

Limit of Funds Raised from Municipalities

-

Record the amount that limits the total balance of funds raised from municipalities, considering demand and time deposits, as provided in CMN Resolution No. 5.051, of 2022, art. 6, items I and II and §5.

9.0.9.12.30.10-3

Demand and Time Deposits Raised from Municipalities Covered by FGCoop

-

Record the balance of funds raised from municipalities, considering demand and time deposits without issuance of a certificate covered by the Credit Cooperative Guarantee Fund (FGCoop), referred to in item I of art. 6 of CMN Resolution No. 5.051, of 2022, in the situation where this is the highest amount among item I, item II and § 5 of art. 6 of CMN Resolution No. 5.051, of 25 November 2022. Otherwise, the institution must record the amount zero.

9.0.9.12.30.20-6

5% Limit - Funds Raised from Municipalities

-

Record the amount corresponding to the application of the percentage of 5% (five percent) on the total balance of demand and time deposits raised by the cooperative, referred to in item II of art. 6 of CMN Resolution No. 5.051, of 2022, in the situation where this is the highest amount among item I, item II and § 5 of art. 6 of CMN Resolution No. 5.051, of 25 November 2022. Otherwise, the institution must record the amount zero.

9.0.9.12.30.30-9

6% Limit - Funds Raised from Municipalities

-

Record the amount corresponding to the application of the percentage of 6% (six percent) on the total balance of demand and time deposits raised by the cooperative, in the case of affiliated cooperatives, referred to in § 5 of art. 6 of CMN Resolution No. 5.051, of 2022, in the situation where this is the highest amount among item I, item II and § 5 of art. 6 of CMN Resolution No. 5.051, of 25 November 2022. Otherwise, the institution must record the amount zero.

Art. 13. The following accounting item is amended in Annex I of BCB Normative Instruction No. 433, of 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

9.0.9.16.00.00-1

OPERATIONS WITH RELATED PARTIES - CONTROL

-

Record the sum of credit operations carried out with related parties, under the terms of CMN Resolution No. 4.693, of 29 October 2018, which establishes the conditions and limits for their execution, in counterpart to heading 3.0.9.16.00.00-7 OPERATIONS WITH RELATED PARTIES.

Art. 14. The following accounting item is excluded from Annex I of BCB Normative Instruction No. 433, of 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

9.0.9.14.00.00-5

DEPOSIT RAISING FROM MUNICIPALITIES - FINANCIAL CENTRALIZATION - APPLICATION

-

Record, by a central credit cooperative that provides financial centralization services, the application, according to current regulations, of the total demand and time deposits raised by its affiliates from each municipality, together with their bodies or entities and companies controlled by them, through the provision of centralized application of funds services, in counterpart to heading 3.0.9.14.00.00-1 APPLICATION OF DEPOSITS RAISED FROM MUNICIPALITIES - FINANCIAL CENTRALIZATION.

Art. 15. The following accounting items are included in Annex IV of BCB Normative Instruction No. 433, of 2023, observing the order of the column “Account Code”:

Account Code

Account Name

Estban

Function

9.8.2.10.04.00-4

Additional Contribution - Reference Funding and Adjusted Net Equity – Average Amounts

-

Record the average amounts of Reference Funding (CR) and Adjusted Net Equity (PLA) used to calculate the additional contribution of institutions associated with the Credit Guarantee Fund (FGC).

9.8.2.10.04.03-5

Reference Funding - 12-Month Average

-

Record the value of the arithmetic average of reference funding (CR) in the last twelve months or in the number of months available, if less than twelve.

9.8.2.10.04.06-6

Adjusted Net Equity - 12-Month Average

-

Record the value of the arithmetic average of adjusted net equity (PLA) in the last twelve months or in the number of months available, if less than twelve.

9.8.3.00.00.00-6

Rural Credit Operations - Control

-

9.8.3.10.00.00-5

Renegotiated or Restructured - SOURCE OF FUNDS – CONTROL

-

Record the carrying amount of rural credit operations subject to restructuring or renegotiation against account 3.8.3.10.00.00-1 Renegotiated or Restructured - SOURCE OF FUNDS.

Art. 16. The provisions of this Normative Instruction apply to accounting documents prepared as from the base date:

• I - of September 2026, in the case of arts. 3, 7, 8, 12 and 15; and

• II - of January 2027, in relation to the other articles.

Sole paragraph. As from the base date mentioned in the caput, any accounting balances recorded in other accounting items must be reclassified to the appropriate accounting items created by this Normative Instruction.

Art. 17. This Normative Instruction enters into force:

• I - on the date of its publication, in relation to arts. 3, 7, 8, 12, 15, 16; and

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

MARDILSON FERNANDES QUEIROZ

NOTE 998/2026 – BCB/DENOR, OF 5 NOVEMBER 2026

It provides the basis for the proposal to issue a normative instruction to amend Normative Instructions BCB nos. 426, 428, 430, 431 and 433, all of 1 December 2023, which define the accounting items of the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

Mr. Head of Denor,

1. This Note provides the basis for the proposal to issue a normative instruction that amends accounting items of the groups Realizable Assets, Active Off-Balance Sheet, Shareholders' Equity, Creditor Result and Passive Off-Balance Sheet of the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif), in accordance with the competence of the Department of Regulation of the Financial System (Denor), in the exercise of the attribution conferred in art. 23, item I, subitem "a", of the Internal Rules of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of 21 September 2023, based on arts. 12 of CMN Resolution No. 4,858, of 23 October 2020, and 10 of BCB Resolution No. 92, of 6 May 2021.

2. The issuance of Provisional Measure No. 1,376, of 15 July 2026, authorized credit lines to settle or amortize rural debts and Rural Product Notes (CPRs). Accordingly, in order to enable adequate monitoring, by the units linked to the Director of Supervision, I propose the adjustment of the accounts for recording rural credit operations intended for the settlement or amortization of debts of rural producers, to include operations carried out under the aforementioned MP.

3. CMN Resolution No. 5,273, of 18 December 2025, amended CMN Resolution No. 5,051, of 25 November 2022, raising the limit from which the allocation of funds originating from municipalities in federal public securities becomes mandatory and allowing cooperatives to raise funds from municipalities through the issuance of electronic money. Accordingly, in order to enable adequate monitoring of these limits by the units linked to the Director of Supervision, adjustments to the Cosif chart of accounts are indispensable.

4. Additionally, in order to enable compliance with the decision of the Collegiate Board of this Autarchy regarding the disclosure of information relating to the application of the rule of the amount to be allocated exclusively in federal public securities (MATPF) for institutions associated with the Credit Guarantee Fund (FGC), specific off-balance sheet accounts were created for recording the average amounts of the Reference Funding and Adjusted Shareholders' Equity.

5. Moreover, specific adjustments are necessary in Normative Instructions BCB nos. 426, 428, 430, 431 and 433, all of 1 December 2023, which define the Cosif accounting items, in order to clarify concepts or correct errors, without substantive change.

6. Finally, art. 5 of Law No. 13,874, of 20 September 2019, determines that proposals for the issuance and amendment of normative acts of general interest to economic agents or users of the services provided, issued by a body or entity of the federal public administration, including autarchies and public foundations, shall be preceded by a regulatory impact analysis (RIA).

7. However, as provided in art. 4, items IV and V, subitem "b", of Decree No. 10,411, of 30 June 2020, which regulates that Law, the RIA may be waived, provided there is a reasoned decision by the competent body or entity, in the cases of a normative act aimed at updating norms, without substantive change, and at preserving the liquidity, solvency or soundness of the financial market.

8. Accordingly, in view of these provisions, I understand that the normative instruction hereby proposed is exempt from the preparation of an RIA.

For the consideration of Your Excellency.

UVERLAN RODRIGUES PRIMO
Deputy Head

Agreed.

MARDILSON FERNANDES QUEIROZ
Department Head