BCB Resolution No. 6: Criteria and Procedures for Accounting Recognition and Measurement of Fixed Assets for Use by Regulated Institutions

Resolution No. 6

BCB RESOLUTION NO. 6, OF AUGUST 12, 2020

Dispenses with the criteria and procedures for accounting recognition and recording of the components of the fixed assets for use by consortium administrators and payment institutions.

Dispenses with the criteria and procedures for accounting recognition and recording of the components of the fixed assets for use 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. (Wording given, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

Dispenses with the criteria and procedures for accounting recognition and recording of the components of the fixed assets for use by institutions obliged to use the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif by virtue of BCB Resolution No. 92, of May 6, 2021. (Wording given by BCB Resolution No. 553, of 3/3/2026.)

The Collegiate Board of the Central Bank of Brazil, in a session held on August 12, 2020, based on arts. 6 and 7, item III, of Law No. 11,795, of October 8, 2008, 9, item II, and 15 of Law No. 12,865, of October 9, 2013,

R E S O L V E S:

Art. 1. This Resolution establishes the criteria and procedures for accounting recognition and measurement of the components of fixed assets for use by consortium administrators and payment institutions.

Art. 1. This Resolution establishes the criteria and procedures for accounting recognition and measurement of the components of fixed assets for use by the following institutions authorized to operate by the Central Bank of Brazil: (Wording given, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

Art. 1. This Resolution establishes the criteria and procedures for accounting recognition and measurement of the components of fixed assets for use by institutions obliged to use the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif in accordance with art. 1, caput, item I, of BCB Resolution No. 92, of May 6, 2021. (Wording given by BCB Resolution No. 553, of 3/3/2026.)

I - consortium administrators; (Included, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

I - (Revoked by BCB Resolution No. 553, of 3/3/2026.)

II - payment institutions; (Included, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

II - (Revoked by BCB Resolution No. 553, of 3/3/2026.)

III - securities brokerage firms; (Included, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

III - (Revoked by BCB Resolution No. 553, of 3/3/2026.)

IV - securities distribution firms; and (Included, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

IV - (Revoked by BCB Resolution No. 553, of 3/3/2026.)

V - foreign exchange brokerage firms. (Included, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

V - (Revoked by BCB Resolution No. 553, of 3/3/2026.)

Art. 2. Consortium administrators and payment institutions must record in the fixed assets for use tangible assets owned and improvements made on third-party real estate, intended for the maintenance of their activities or having this purpose for a period exceeding one social year.

Art. 2. The institutions mentioned in art. 1 must record in the fixed assets for use tangible assets owned and improvements made on third-party real estate, intended for the maintenance of their activities or having this purpose for a period exceeding one social year. (Wording given, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

Art. 3. Fixed assets for use must be recognized at cost value, which comprises:

I - the cash purchase or construction price, plus any applicable import taxes and non-recoverable taxes on the purchase;

II - other directly attributable costs necessary to make the asset available in the location and conditions for its operation; and

III - the initial estimate of the costs of dismantling and removing the asset and restoring the location where it is situated, if the consortium administrator or payment institution assumes the obligation to bear such costs upon acquisition of the asset.

III - the initial estimate of the costs of dismantling and removing the asset and restoring the location where it is situated, if the institution mentioned in art. 1 assumes the obligation to bear such costs upon acquisition of the asset. (Wording given, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

Sole paragraph. In the acquisition of fixed assets for use on credit, the difference between the cash price of the asset and the total payments must be allocated monthly, pro rata temporis, to the appropriate expense account, in accordance with the competence regime.

Art. 4. Capital applications in fixed assets for use, including those related to land intended for future use due to construction, manufacturing, assembly, or installation, must be provisionally recorded in a specific item of assets under construction.

Sole paragraph. If the applications foreseen in the period of up to three years are not effected, the values recorded in the form of the caput must be reclassified to current assets.

Art. 5. Tangible assets received as donations, meeting legal and regulatory requirements, must be recorded at their market value, as a counterpart to the period's result:

I - in the fixed assets for use, if they are intended for the maintenance of their own activities or have this purpose for a period exceeding one social year; or

II - in current assets, in other cases.

Sole paragraph. The estimated value of any obligation assumed by the consortium administrator or payment institution in the donation operation must be recognized in liabilities as a counterpart to the period's result.

Sole paragraph. The estimated value of any obligation assumed by the institution mentioned in art. 1 in the donation operation must be recognized in liabilities as a counterpart to the period's result. (Wording given, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

Art. 6. Expenses with additions, improvements, or substitutions of components in fixed assets for use that effectively increase its useful economic life, efficiency, or productivity, may be added to the asset's book value.

Sole paragraph. Expenses incurred to maintain or place own fixed assets or leased fixed assets in normal conditions of use, which do not increase their production capacity or useful life period, must be recognized as expenses of the period in which they occur.

Art. 7. Depreciation of fixed assets for use must be recognized monthly as a counterpart to a specific expense account.

§ 1. For the purposes of this article, it is considered:

I - depreciation, the systematic allocation of the depreciable value of a fixed asset for use over its useful life;

II - depreciable value, the difference between the cost value of an asset and its residual value;

III - residual value, the estimated value that the consortium administrator or payment institution would obtain from the sale of the asset, after deducting estimated selling expenses, if the asset already had the conditions expected for the end of its useful life; and

III - residual value, the estimated value that the institution mentioned in art. 1 would obtain from the sale of the asset, after deducting estimated selling expenses, if the asset already had the conditions expected for the end of its useful life; and (Wording given, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

IV - useful life, the period of time during which the entity expects to use the asset.

§ 2. Each component of a fixed asset for use with significant cost relative to the total cost of the asset must be depreciated separately.

§ 3. Depreciation must correspond to the depreciable value divided by the useful life of the asset, calculated linearly, from the moment the asset is available for use.

§ 4. Estimates of the residual value and useful life of fixed assets for use must be reviewed at the end of each social year or whenever there is a significant change in previous estimates.

Art. 8. The book value of a fixed asset for use must be derecognized upon its alienation or when there is no expectation of future economic benefits from its use or alienation.

§ 1. In the sale of fixed assets for use on credit, the difference between the cash price and the total expected receipts must be allocated monthly to the appropriate revenue account, in accordance with the competence regime.

§ 2. The gain or loss resulting from the derecognition of a fixed asset for use, determined by the difference between the net value obtained from the alienation, if any, and the book value of the asset, must be recognized in the period's result when derecognized.

Art. 9. Consortium administrators and payment institutions must transfer from fixed assets for use to current assets, at the lower value between the book value and the market value minus the costs necessary for sale:

Art. 9. The institutions mentioned in art. 1 must transfer from fixed assets for use to current assets, at the lower value between the book value and the market value minus the costs necessary for sale: (Wording given, from 1/3/2024, by BCB Resolution No. 367, of 1/25/2024.)

I - the substantial portion of the asset that is not used in their activities; and

II - assets whose use in their activities has been discontinued.

Art. 10. Circular No. 3,817, of December 14, 2016, is revoked.

Art. 11. This Resolution enters into force on January 1, 2021.

Otávio Ribeiro Damaso
Regulation Director