BCB Resolution No. 543 of December 18, 2025: Amends Provisions in Regulations Annexes I, II, and III to BCB Resolution No. 374 of March 27, 2024, Governing the Operation of the Central Bank of Brazil's Liquidity Financial Lines (LFL)

RESOLUTION
BCB NO. 543, OF DECEMBER 18, 2025

Amends provisions in Regulations
Annexes I, II and III to BCB Resolution No. 374, of March 27, 2024, which governs the operation of the Liquidity Financial Lines – LFL of the Central Bank of Brazil.

The Collegiate Board of Directors of the Central Bank of Brazil, in a session held on December 16, 2025, based on art. 10, main text , item V, of Law No. 4.595, of December 31, 1964,

R E S O L V E:

Art.
1º The Regulation Annex I to BCB Resolution No.
374, of March 27, 2024, published in the Official Gazette of the Union on March 28 of 2024, shall enter into force with the following alterations:

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

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II - meet the requirements established for contractual adherence to the LFL;

III - undergo homologation tests in usage scenarios considering the use of all classes of assets eligible to the LFL as collateral, demonstrating that they are apt to carry out the operational procedures established by the Central Bank of Brazil; and

IV - possess its own custody account or mechanism for identifying its own ownership of assets, in a central depository or registering entity with authorization to constitute liens on assets eligible to guarantee LFL operations.” (NR)

“Art. 8º ...................................................................................................................................

I - payments of financial events related to the collateral assets deposited in central depositories or registered in registering entities, including those corresponding to interest, amortizations and redemptions, settled in the environment of the central depositories and the registering entities or in settlement systems defined by them;

II - voluntary transfers, by the
LFL participant, to constitute cash collateral at the Central Bank of Brazil; and

III - credit of remuneration, in the manner provided for in §§ 2º, 3º and 4º.

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

“Art. 10. ..................................................................................................................................

I - mandatory for a financial institution participating in the STR, part of a prudential conglomerate of the S1 and S2 segments;

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

“Art. 31. ..................................................................................................................................

§ 1º For issuers of debentures, commercial notes and bank credit certificates, the provisions referred to in the main text are the provisions constituted, according to concepts, criteria, methodologies and accounting procedures established for the calculation and constitution of provisions for expected losses associated with credit risk, according to the regulation in force.

§ 2º For the calculation referred to in the main text , credit operations and securities, not written off as losses, in which the percentage of provision constituted in relation to the value of the operations is less than 0.01% (one hundredth of a percent), shall be disregarded.

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§ 7º .........................................................................................................................................

I - AA, when the weighted average provision is less than or equal to 0.1% (one tenth of a percent) and the weighted average overdue of the operations is zero;

II - A, when, the conditions of item I not being met, the percentage of the weighted average provision is less than or equal to 0.5% (five tenths of a percent) and the weighted average overdue of the operations is less than fifteen days;

III - B, when, the conditions of item II not being met, the percentage of the weighted average provision is less than or equal to 1.4% (one and four tenths percent) and the weighted average overdue of the operations is less than or equal to thirty days;

IV - C, when, the conditions of item III not being met, the percentage of the weighted average provision is less than or equal to 3.5% (three and five tenths percent) and the weighted average overdue of the operations is less than or equal to sixty days;

V - D, when, the conditions of item IV not being met, the percentage of the weighted average provision is less than or equal to 15% (fifteen percent) and the weighted average overdue of the operations is less than or equal to ninety days; and

VI - E, when the conditions of item V are not met.

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

Art.
2º The Regulation Annex II to BCB Resolution No. 374, of March 27, 2024, published in the Official Gazette of the Union on March 28, 2024, shall enter into force with the following alterations:

“Art. 1º ...................................................................................................................................

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VI - present an agenda of events with information that allows verification of eligibility as well as adequate valuation of the asset;

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§ 1º .........................................................................................................................................

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II - present cash flow in the agenda of events where there is occurrence of:

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

Art. 3º
The Regulation Annex III to BCB Resolution No. 374, of March 27, 2024, published in the Official Gazette of the Union on March 28, 2024, shall enter into force with the following alterations:

“Art. 1º ...................................................................................................................................

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Sole Paragraph. .....................................................................................................................

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III - operations considered problematic assets under the terms of art. 3º of CMN Resolution No. 4.966, of November 25 of 2021;

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

“Art. 4º Two files containing the assessments of the operations referring to the previous month, already informed through document 3040, processed and made available by the SCR to the LFL System, shall be made available monthly to each LFL Participant or financial institution that is in the process of adhering to the LFL, in the following manner:

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

“Art. 5º For each file of admissibility of operations made available, referred to in art. 4º, the LFL Participant or the financial institution that is in the process of adhering to the LFL may request, through a message from the SFN Service Catalog, a complementary file containing the list of inadmissible operations and the result for the different criteria analyzed, referred to in art. 1º, sole paragraph.

§ 1º The LFL System will inform those who request the file of inadmissible operations of its availability through a message from the SFN Service Catalog.

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

Art. 4º
Are revoked:

I - art. 1º of BCB Resolution No. 192, of February 23, 2022, published in the Official Gazette of the Union on February 25 of 2022;

II - the items VII, VIII and IX of § 7º of art. 31 and art. 32 of the Regulation Annex I to BCB Resolution No. 374, of March 27, 2024, published in the Official Gazette of the Union on March 28, 2024; and

III -
BCB Resolution No. 263, of November 23, 2022, published in the Official Gazette of the Union on November 25, 2022.

Art. 5º
This Resolution enters into force on February 2, 2026.

NILTON JOSÉ SCHNEIDER DAVID AILTON DE AQUINO SANTOS

Director of Monetary Policy Director of Supervision

RODRIGO ALVES TEIXEIRA

Director of Administration