BCB Resolution No. 189 — Defines and Consolidates Rules for Compulsory Levy on Demand Funds and Incorporates Rules for Compulsory Levy on Deposit and Guarantee Funds

BCB Resolution No. 189 establishes the rules for the compulsory levy on demand funds, defining the Value Subject to Levy (VSR) based on specific Cosif accounting items and applying a 21% rate to a calculation base net of R$500 million. It mandates that financial institutions, including multiple, investment, exchange, commercial, and savings banks, report daily VSR data and maintain positions equivalent to at least 65% of their liability during the movement period. The resolution introduces financial costs for deficiencies in daily or average positions, calculated using the Selic rate plus a 4% annual addition, and exempts institutions with liabilities of R$500,000 or less from the levy obligation while requiring them to submit information. The rules apply to Group A and Group B institutions with specific calculation and movement periods starting in mid-2022.

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BCB Resolution No. 189, of February 23, 2022

Defines and consolidates the rules for the compulsory levy on demand funds and incorporates rules for the compulsory levy on deposit funds and realized guarantees.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 23, 2022, based on Article 10, items III and IV, of Law No. 4,595, of December 31, 1964, and Article 66 of Law No. 9,069, of June 29, 1995,

RESOLVES:

CHAPTER I

GENERAL RULES

Art. 1. This Resolution provides for the compulsory levy on demand funds.

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Lineage: Amended

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Timeline

Amended 2 times · last 2025-07-03

2025-07-03BCBBCB Resolution No. 486 of July 3, 2025amends
2022-04-13BCBBCB Resolution No. 227 — Amends the Effective Dates of Provisions in Resolutions BCB Nos. 188, 189, 190, and 191amends

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works