BCB Resolution No. 178 — Accounting Criteria for Leasing Operations

Resolution No. 178

BCB RESOLUTION NO. 178, OF JANUARY 19, 2022

Provides for the accounting criteria applicable to leasing operations contracted by consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil.

Provides for the accounting criteria applicable to leasing operations contracted by consortium administrators, payment institutions, securities brokerage firms, securities distribution firms, and foreign exchange brokerage firms authorized to operate by the Central Bank of Brazil. (Amended, effective July 1, 2024, by BCB Resolution No. 391, of June 12, 2024.)

Provides for the accounting criteria applicable to leasing operations contracted by institutions required to use the Accounting Standard of Regulated Institutions of the Central Bank of Brazil – Cosif by virtue of BCB Resolution No. 92, of May 6, 2021. (Amended by BCB Resolution No. 553, of March 3, 2026.)

The Collegiate Board of the Central Bank of Brazil, in a session held on January 19, 2022, based on arts. 6 and 7, item III, of Law No. 11,795, of October 8, 2008, 9, item II, and 15 of Law No. 12,865, of October 9, 2013, and having in view the provisions of art. 61 of Law No. 11,941, of May 27, 2009,

R E S O L V E :

Art. 1. This Resolution establishes the accounting criteria applicable to leasing operations contracted, as lessee, by consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil.

Art. 1. This Resolution establishes the accounting criteria applicable to leasing operations carried out by consortium administrators, payment institutions, securities brokerage firms, securities distribution firms, and foreign exchange brokerage firms authorized to operate by the Central Bank of Brazil. (Amended, effective July 1, 2024, by BCB Resolution No. 391, of June 12, 2024.)

Art. 1. This Resolution establishes the accounting criteria applicable to leasing operations carried out by institutions required to use the Accounting Standard of Regulated Institutions of the Central Bank of Brazil – Cosif under the terms of art. 1, caput, item I, of BCB Resolution No. 92, of May 6, 2021. (Amended by BCB Resolution No. 553, of March 3, 2026.)

Art. 2. Consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil must observe the Technical Pronouncement of the Accounting Pronouncements Committee (CPC) 06 (R2) – Leases, approved on October 6, 2017, in the recognition, measurement, presentation, and disclosure of leasing operations, according to specific regulation.

Art. 2. The institutions mentioned in art. 1 must observe the Technical Pronouncement of the Accounting Pronouncements Committee – CPC 06 (R2) – Leases, approved on October 6, 2017, in the recognition, measurement, presentation, and disclosure of leasing operations. (Amended, effective July 1, 2024, by BCB Resolution No. 391, of June 12, 2024.)

§ 1. The technical pronouncements cited in the text of CPC 06 (R2), while not received by specific act of the Central Bank of Brazil, cannot be applied.

§ 2. References to other pronouncements in the text of the pronouncement referred to in the caput must be interpreted, for the purposes of this Resolution, as reference to other pronouncements of the Committee that have been received by the Central Bank of Brazil, as well as to the provisions of the Accounting Standard of Regulated Institutions of the Central Bank of Brazil (Cosif) that establish accounting criteria related to the mentioned pronouncements.

§ 3. For the purposes of the provision in item 5, "b", of Appendix C of the pronouncement referred to in the caput, the institution that already prepares financial statements in the international accounting standard according to the pronouncements issued by the International Accounting Standards Board (IASB) may use as the initial application date the date of the first disclosure according to the International Financial Reporting Standard (IFRS) 16 – Leases.

§ 4. In the application of the pronouncement referred to in the caput, the application of the provisions in items 3 and 11 of Appendix C is prohibited.

§ 5. The application of the provisions in this article is optional for contracts entered into until the date of entry into force of this Resolution in which the institution mentioned in art. 1 figures in the condition of lessee. (Included, effective July 1, 2024, by BCB Resolution No. 391, of June 12, 2024.)

§ 6. For regulatory accounting purposes, the term "leasing" refers to the concept defined for the term "lease" in the Technical Pronouncement of the Accounting Pronouncements Committee – CPC 06 (R2). (Included, effective July 1, 2024, by BCB Resolution No. 391, of June 12, 2024.)

Art. 3. This Resolution enters into force on January 1, 2025.

Otávio Ribeiro Damaso
Director of Regulation