RegAlert2024-12-19 | Resolução BCB 447Added
BCB Resolution No. 447 of December 19, 2024
This resolution amends multiple Central Bank of Brazil circulars and resolutions to include securities brokerage firms, securities distribution companies, and foreign exchange brokerage firms authorized to operate within their scope of application. It updates capital adequacy calculations, operational risk data bases, and Pillar 3 disclosure requirements by referencing new institution classifications defined in BCB Resolution No. 436 of November 28, 2024. The amendments establish specific capital ratios, such as an 8% factor for several circulars and 17% for Type 3 institutions opting for simplified methodology, while extending certain operational risk obligations to Segment 3 institutions starting June 1, 2026.
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BCB RESOLUTION NO. 447, OF DECEMBER 19, 2024
Amends Circulars Nos. 3,634, 3,635, 3,636, 3,637, 3,638, 3,639 and 3,641, of March 4, 2013, 3,809, of August 25, 2016, 3,846, of September 13, 2017, 3,861 and 3,863, of December 7, 2017, 3,876, of January 31, 2018, and 3,979, of January 30, 2020, and BCB Resolutions Nos. 54, of December 16, 2020, 111, of July 6, 2021, 139, of September 15, 2021, 199, 200, 201 and 202, of March 11, 2022, 229, of May 12, 2022, 265, of November 25, 2022, 291, of February 8, 2023, 303, of March 16, 2023, 307, of March 23, 2023, 313, of April 26, 2023, 319, of May 18, 2023, 331, of June 27, 2023, and 356, of November 28, 2023, to include in their scope of application securities brokerage firms, securities distribution companies and foreign exchange brokerage firms authorized to operate by the Central Bank of Brazil.
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Show all related documents (32)
- Amends
- BCB Resolution No. 331 — Establishes the Social, Environmental and Climate Responsibility Policy (PRSAC) for Type 3 Institutions and Actions for its Effectiveness2023BCB Resolution No. 319 — Establishes maximum exposure limits per client and maximum limit for concentrated exposures, and amends BCB Resolutions Nos. 201 and 2652023Resolution BCB No. 313 — Establishes the procedures for the daily calculation, using a standardized approach, of the portion of risk‑weighted assets (RWA) related to the calculation of required capital for credit‑risk exposures of financial instruments classified in the trading book2023BCB Resolution No. 307 of March 23, 2023: Maximum Limit for Credit Operations with Public Sector Entities for Type 3 Institutions2023Central Bank Resolution No. 303 of March 16, 2023: Procedures for Calculating Risk-Weighted Assets for Credit Risk Exposures Under Internal Ratings-Based Approvals2023Resolution BCB No. 265 — Risk Management Structure, Capital Management Structure, and Information Disclosure Policy for Type 3 Institutions in Segments 2, 3, or 42022
+21 more
BCB Resolution No. 199 — Methodology for Calculating Reference Equity (PR) for Type 3 Prudential Conglomerates2022BCB Resolution No. 201 — Simplified Optional Methodology for Minimum Simplified Reference Equity (PRS5) Requirements for Type 3 Institutions2022Resolution BCB No. 200 — Establishes minimum requirements for Reference Equity (RE), Tier 1 and Core Capital and for the Core Capital Surcharge for Type 3 classified institutions2022BCB Resolution No. 139 — Provisions on the Disclosure of the Social, Environmental and Climate Risks and Opportunities Report (GRSAC Report)2021Circular No. 3979 — Establishes and updates the operational risk database and requires remittance to the Central Bank of Brazil of information on operational risk events2020Circular No. 3846 — Establishes Procedures and Parameters for the Internal Capital Adequacy Assessment Process (ICAAP)2017Circular No. 3634 dated 2013-03-04not in RegAlertCircular No. 3635 dated 2013-03-04not in RegAlertCircular No. 3636 dated 2013-03-04not in RegAlertCircular No. 3637 dated 2013-03-04not in RegAlertCircular No. 3638 dated 2013-03-04not in RegAlertCircular No. 3639 dated 2013-03-04not in RegAlertCircular No. 3641 dated 2013-03-04not in RegAlertCircular No. 3809 dated 2016-08-25not in RegAlertCircular No. 3861 dated 2017-12-07not in RegAlertCircular No. 3863 dated 2017-12-07not in RegAlertCircular No. 3876 dated 2018-01-31not in RegAlertResolution No. 111 dated 2021-07-06not in RegAlertResolution No. 291 dated 2023-02-08not in RegAlertResolution No. 356 dated 2023-11-28not in RegAlertResolution No. 54 dated 2020-12-16not in RegAlert - Issued under
- Law No. 4728 dated 1965-07-14not in RegAlert
- Refers to
- Resolution BCB No. 436 — Classification of Single Institutions and Prudential Conglomerates into Type 1, Type 2, or Type 3 and Segmentation of Type 3 Institutions and Conglomerates2024Resolution CMN No. 5105 — Establishes minimum guidelines for the constitution, operation, authorization, and supervision of securities brokerage, foreign exchange brokerage, and securities distribution companies2023Resolution BCB No. 229 — Procedures for Calculating the Risk-Weighted Asset Component for Credit Risk Exposures under the Standardized Approach2022Resolution CMN No. 4606 — Simplified Optional Methodology for Minimum Simplified Reference Equity (PRS5) Calculation and Simplified Risk Management Structure2017
Timeline
This document amends: BCB Resolution No. 331 — Establishes the Social, Environmental and Climate Responsibility Policy (PRSAC) for Type 3 Institutions and Actions for its Effectiveness, BCB Resolution No. 319 — Establishes maximum exposure limits per client and maximum limit for concentrated exposures, and amends BCB Resolutions Nos. 201 and 265, Resolution BCB No. 313 — Establishes the procedures for the daily calculation, using a standardized approach, of the portion of risk‑weighted assets (RWA) related to the calculation of required capital for credit‑risk exposures of financial instruments classified in the trading book, BCB Resolution No. 307 of March 23, 2023: Maximum Limit for Credit Operations with Public Sector Entities for Type 3 Institutions, Central Bank Resolution No. 303 of March 16, 2023: Procedures for Calculating Risk-Weighted Assets for Credit Risk Exposures Under Internal Ratings-Based Approvals, Resolution BCB No. 265 — Risk Management Structure, Capital Management Structure, and Information Disclosure Policy for Type 3 Institutions in Segments 2, 3, or 4, BCB Resolution No. 199 — Methodology for Calculating Reference Equity (PR) for Type 3 Prudential Conglomerates, BCB Resolution No. 201 — Simplified Optional Methodology for Minimum Simplified Reference Equity (PRS5) Requirements for Type 3 Institutions, Resolution BCB No. 200 — Establishes minimum requirements for Reference Equity (RE), Tier 1 and Core Capital and for the Core Capital Surcharge for Type 3 classified institutions, BCB Resolution No. 139 — Provisions on the Disclosure of the Social, Environmental and Climate Risks and Opportunities Report (GRSAC Report), Circular No. 3979 — Establishes and updates the operational risk database and requires remittance to the Central Bank of Brazil of information on operational risk events, Circular No. 3846 — Establishes Procedures and Parameters for the Internal Capital Adequacy Assessment Process (ICAAP)
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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