BCB Resolution No. 311 — Amends Resolution BCB No. 146 Regarding Accounting Documents for Consortium Administrators and Payment Institutions

BCB RESOLUTION
NO. 311, OF APRIL 12, 2023

Amends
Resolution BCB No. 146, of September 28, 2021, which establishes the general criteria for the preparation and submission of accounting documents to the Central Bank of Brazil by consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil, and regarding the specific procedures to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil in the preparation and submission of accounting documents to the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on April 12, 2023, based on arts. 9 of Law No. 4,595, of December 31, 1964, 6 and 7, item III, of Law No. 11,795, of October 8, 2008, 9, items II and IX, letter "b", 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, in Resolution BCB No. 197, of March 11, 2022, and in Resolution BCB No. 233, of July 27, 2022,

R E S O L V E :

Art. 1º Resolution BCB No. 146, of September 28 of 2021, shall enter into force with the following alterations:

“Art. 4º ............................................................................................................

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§ 3º The provisions of item III of the caput do not apply to payment institutions:

I - leaders of prudential conglomerate Type 3 classified in Segment 4 (S4) or in Segment 5 (S5); and

II - leaders of prudential conglomerate Type 2 that have total assets, calculated according to the criteria and procedures established in the Accounting Standard of the Institutions Regulated by the Central Bank of Brazil (Cosif), less than or equal to 0.1% (one tenth of one percent) of the Gross Domestic Product (GDP) of Brazil.

§ 4º For purposes of the provisions of § 3º, the GDP of Brazil corresponds to the gross domestic product calculated at market prices and current values published by the Brazilian Institute of Geography and Statistics (IBGE), accumulated for the period of four consecutive quarters ending on the base dates of June 30 and December 31, calculated within ninety days after the base date to which they refer, prohibiting subsequent revision.” (NR)

“Art. 5º The preparation and submission to the Central Bank of Brazil of the accounting documents covered by this Chapter are mandatory from the date on which the consortium administrator or the payment institution authorized to operate by the Central Bank of Brazil is in effective operation.

................................................................................................................” (NR)

“Art. 16. ..........................................................................................................

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§ 3º The preparation and submission of the information covered by letters “c” to “l” of item II of the caput are waived for reports prepared until the base date of June 2026.

................................................................................................................” (NR)

“Art. 20-A. The preparation and submission of the Prudential Conglomerate Report covered by art. 16 are waived for payment institutions authorized to operate by the Central Bank of Brazil, for base dates related to periods ending until December 31, 2024.” (NR)

Art. 2º Items I and
II of art. 5 of Resolution BCB No. 146, of 2021, are revoked.

Art. 3º This Resolution enters into force:

I - on July 1, 2023, with respect to the alterations in arts. 4 and 5 of Resolution BCB No. 146, of 2021; and

II - on May 1, 2023, with respect to the other provisions.

Otávio Ribeiro Damaso
Director of Regulation