BCB Resolution No. 390 of June 12, 2024, amending BCB Resolution No. 92 of May 6, 2021, regarding the use of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil – Cosif

BCB RESOLUTION NO. 390, OF JUNE 12, 2024

Amends BCB Resolution No. 92, of May 6, 2021, which provides for the use of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif 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 and regarding the structure of the cosif account list to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Collegiate Board of Directors of the Central Bank of Brazil, in a session held on June 12, 2024, based on arts. 9 of Law No. 4.595, of December 31, 1964, 9-A, items I and II, of Law No. 4.728, of July 14, 1965, 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 12 of CMN Resolution No. 4.858, of October 23, 2020,

RESOLVES:

Art. 1. BCB Resolution No.
92, of May 6, 2021, shall enter into force with the following amendments:

"Art. 4. The code of the accounting items of the cosif account list is formed by, at least, five levels of aggregation, being:

...................................................................................................................................

II - the 2nd level, called accounting subgroup, of two digits;

III - the 3rd level, called subgroup breakdown, of two digits;

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§ 4. The maximum number of aggregation levels of the cosif account list is limited to ten levels.

§ 5. The normative act that creates new aggregation levels in the cosif account list must enter into force from the following fiscal year and, at least, six months after its date of publication." (NR)

"Art. 6. Accounting bookkeeping may only be carried out in the accounting items related to operations that the institution is authorized to perform.

§ 1. The leading institution of the conglomerate must, in consolidated documents, use the accounting items intended for use by the other entities included in the consolidation for the bookkeeping of the events and transactions carried out by them, except for the eliminations and reclassifications provided for in the regulation.

§ 2. The Denor may indicate the accounting items that cannot be used by certain types or segments of institutions." (NR)

"Art. 7. Codes may be assigned to the accounting titles of the cosif account list for the definition of Banking Statistics (Estban).

........................................................................................................................." (NR)

"Art. 10. ....................................................................................................................

I - the codes and the nomenclatures of the groups, subgroups, subgroup breakdowns, titles and subtitles of the cosif account list;

II - the functions of the accounting items, when necessary; and

........................................................................................................................." (NR)

Art.
2. The following are revoked:

I - the following provisions of
BCB Resolution No. 92, of May 6, 2021:

a) art. 4, §§ 2 and 3;

b) art. 5;

c) art. 6, sole paragraph;

d) art. 9; and

e) Annex I;

II - BCB Resolution No. 255, of November 1,
2022; and

III - BCB Resolution No. 320, of May 31, 2023.

Art. 3. This Resolution enters into force:

I - on January 1, 2030, with respect to:

a) art. 1, in part that amends art. 4 of BCB Resolution No. 92, of May 6, 2021; and

b) art. 2, caput, item I, letter “a”;

II - on July 1, 2024, regarding the provisions of art. 2, caput, items II and III; and

III - on January 1, 2025, regarding the remaining provisions.

AILTON
DE AQUINO SANTOS
Deputy Director of Regulation