RegAlert2023-04-12 | Resolução BCB 310Added
BCB Resolution No. 310 of April 12, 2023, amending Resolution BCB No. 2 of August 12, 2020, regarding financial statement preparation and disclosure criteria for consortium administrators and payment institutions
This resolution amends Article 10 of Resolution BCB No. 2 to mandate consolidated annual financial statements under International Financial Reporting Standards (IFRS) for consortium administrators and payment institutions registered as public companies, payment institutions leading Type 3 prudential conglomerates in Segments 2 or 3, and payment institutions leading Type 2 conglomerates with total assets exceeding 0.1% of Brazil's GDP. It establishes a voluntary compliance option for certain payment institutions until January 1, 2025, and defines the GDP calculation method based on IBGE data. The regulation repeals a previous paragraph of Article 10 and enters into force on July 1, 2023.
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Resolution No. 222
BCB RESOLUTION NO. 310, OF APRIL 12, 2023
Amends
Resolution BCB No. 2, of August 12, 2020, which consolidates the general criteria for the preparation and disclosure of individual and consolidated financial statements by consortium administrators and payment institutions, and the procedures for the preparation, disclosure, and submission of financial statements to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.
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Lineage: In force
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
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