BCB RESOLUTION NO. 69, OF FEBRUARY 10, 2021

Amends and consolidates the procedures for the submission of information relating to the calculation of the regulatory limits and standards it specifies.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 10, 2021, based on the provisions of Arts. 10, item IX, 11, item VII, and 37 of Law No. 4.595, of December 31, 1964, Arts. 6 and 7, item V, of Law No. 11.795, of October 8, 2008, and Art. 9, item VIII, of Law No. 12.865, of October 9, 2013, and considering the provisions of Resolutions Nos. 1,133, of May 15, 1986, 2,099, of August 17, 1994, 2,283, of June 5, 1996, 2,723, of May 31, 2000, 2,828, of March 30, 2001, 3,339, of January 26, 2006, 3,426, of December 21, 2006, 3,488, of August 29, 2007, 4,192, of March 1, 2013, 4,193, of March 1, 2013, 4,434, of August 5, 2015, 4,553, of January 30, 2017, 4,589, of June 29, 2017, 4,615, of November 30, 2017, 4,677, of July 31, 2018, 4,678, of July 31, 2018, 4,693, of October 29, 2018, and 4,721, of May 30, 2019, and Circulars Nos. 3,681, of November 4, 2013, and 3,885, of March 26, 2018,

RESOLVES:

Art. 1 The information corresponding to the following regulatory limits and standards must be forwarded to the Central Bank of Brazil, in the format and other conditions defined by it, by the institutions subject to them:

I - Reference Equity (RE);

II - minimum requirements for RE, Tier 1 and Core Capital, the Core Capital Add-on and the RE for the coverage of the risk of variation in interest rates on instruments classified in the banking book (IRRBB);

III - total exposure to gold, foreign currency and operations subject to exchange rate variation;

IV - application of resources in Permanent Assets;

V - credit operations with public sector entities and organizations;

VI - exposure per client and sum of concentrated exposures;

VII - committed operations;

VIII - liquidity fund, in relation to development agencies;

IX - minimum requirement for the leverage ratio (LR), on a consolidated basis, in relation to financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in Segment 1 (S1) or Segment 2 (S2), including single institutions not part of a prudential conglomerate. (Amended, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

Sole Paragraph. For institutions that are part of a prudential conglomerate, in accordance with the Accounting Plan of the Institutions of the National Financial System (Cosif), the information referred to in the caput must be calculated on a consolidated basis.

Art. 2 The information referred to in Art. 1 must be calculated with the base date being the last day of each month and must be submitted monthly:

I - by the lead institution of each prudential conglomerate, on a consolidated basis, regarding the information of the institutions that are part of the conglomerate, in accordance with the consolidation adopted for the calculation of Reference Equity; (Amended, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

II - by financial institutions and other institutions authorized to operate by the Central Bank of Brazil not belonging to a prudential conglomerate and by cooperatives not part of organized systems of three or two levels; and (Amended, effective October 1, 2023, by BCB Resolution No. 326, of June 17, 2023.)

III - by cooperative banks, by credit confederations, by service confederations constituted by central credit cooperatives or by central credit cooperatives, regarding the information of the total of cooperatives that are part of organized systems of three or two levels, on an individual basis. (Included, effective October 1, 2023, by BCB Resolution No. 326, of June 17, 2023.)

Sole Paragraph. (Revoked, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

§ 1 The Central Bank of Brazil may request the submission of the information referred to in Art. 1 relating to base dates different from that established in the caput. (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

§ 2 Payment institutions that are lead institutions of Type 3 prudential conglomerates are included in item I. (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

§ 3 The information referred to in the caput must be submitted starting from the first base date on which the institution authorized to operate by the Central Bank of Brazil is in effective operation. (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

Art. 3 The information corresponding to the following regulatory limits and standards must be forwarded to the Central Bank of Brazil, in the format and other conditions to be defined by it, by the institutions subject to them, calculated on an individualized basis:

I - guarantees for financing for the purchase of securities, guarantees for lending of securities for sale and the set of operations for financing for the purchase of securities and operations for lending of securities for sale, in relation to securities brokerage firms and securities distribution firms; (Amended, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

II - share capital, paid-in capital and equity, in relation to financial institutions and other institutions authorized to operate by the Central Bank of Brazil;

III - credit operations with related parties, in relation to financial institutions and leasing companies; (Amended, effective October 1, 2023, by BCB Resolution No. 326, of June 17, 2023.)

IV - obtaining loans or financing from financial institutions, in relation to securities brokerage firms and securities distribution firms; (Amended, effective November 1, 2024, by BCB Resolution No. 421, of October 9, 2024.)

V - raising funds through time deposits and financial bills, in relation to development banks; (Amended, effective November 1, 2024, by BCB Resolution No. 421, of October 9, 2024.)

VI - credit operations of a credit cooperative with the sharing of resources and risks with other credit cooperatives that are part of the same cooperative system; (Amended, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

VII - issuance of the Development Credit Note – LCD; (Amended, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

VIII - obtaining loans or financing from financial institutions and other institutions authorized to operate by the Central Bank of Brazil, in relation to virtual asset service providers; (Included, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

IX - guarantees for financing for the purchase of virtual assets, in relation to financial institutions and other institutions authorized to operate by the Central Bank of Brazil that provide virtual asset services, not applicable to virtual asset service providers and foreign exchange brokerage firms; (Included, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

X - the set of operations for financing for the purchase of virtual assets, at the time of concession, in relation to securities brokerage firms and securities distribution firms; and (Included, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

XI - minimum requirement for the LR on an individual basis or on a sub-consolidated basis, in accordance with BCB Resolution No. 478, of May 30, 2025, in relation to financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in S1 or S2, except single institutions not part of a prudential conglomerate. (Included, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

Sole Paragraph. If the LR is calculated on a sub-consolidated basis, the minimum requirement referred to in item XI of the caput must be reported only by the lead institution of the sub-conglomerate. (Included, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

Art. 4 The information relating to the regulatory limits and standards referred to in Art. 3 must be calculated with the base date being the last day of each month and must be submitted monthly by the financial institutions and other institutions authorized to operate by the Central Bank of Brazil subject to them.

Sole Paragraph. (Revoked, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

§ 1 The Central Bank of Brazil may request the submission of the information referred to in Art. 3 relating to base dates different from that established in the caput. (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

§ 2 The information referred to in the caput must be submitted starting from the first base date on which the institution authorized to operate by the Central Bank of Brazil is in effective operation. (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

§ 3 The information referred to in the caput relating to the regulatory limits and standards of the total of cooperatives that are part of organized systems of three or two levels must be submitted by cooperative banks, by credit confederations, by service confederations constituted by central credit cooperatives or by central credit cooperatives, on an individual basis. (Included, effective October 1, 2023, by BCB Resolution No. 326, of June 17, 2023.)

Art. 5 The information referred to in Arts. 1 and 3, as well as the documentation of the methodology for their calculation and the respective source data, must be kept available to the Central Bank of Brazil for a period of five years.

Art. 6 The institutions cited in Arts. 2 and 4 must designate a director responsible for the calculation and submission of the information referred to in this Resolution.

§ 1 It is admitted that the director designated in accordance with the caput performs other functions in the institution, provided that the absence of conflict of interest is ensured.

§ 2 The data regarding the director designated in accordance with the caput must be recorded and kept updated in the Information System on Entities of Interest to the Central Bank (Unicad).

Art. 7 The following are exempt from the preparation and submission of information: (Amended, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

I - referred to in Art. 1: (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

a) institutions not belonging to a prudential conglomerate classified in Segment 5 (S5), as established in Resolution No. 4,553, of January 30, 2017; (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

b) prudential conglomerates classified in S5, as established in Resolution No. 4,553, of 2017; (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

c) Type 3 prudential conglomerates classified in S5, as established in BCB Resolution No. 197, of March 11, 2022; (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

d) (Revoked, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

e) institutions classified as Type 2, as established in BCB Resolution No. 436, of November 28, 2024; (Amended, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

f) consortium administrators; and (Amended, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

g) virtual asset service providers; and (Included, effective July 1, 2026, by BCB Resolution No. 573, of June 10, 2026.)

II - referred to in Art. 3: (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

a) financial institutions and other institutions authorized to operate by the Central Bank of Brazil classified in S5, as established in Resolution No. 4,553, of 2017; (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

b) payment institutions; and (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

c) consortium administrators. (Included, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

Sole Paragraph. The exemption referred to in the caput does not exempt the entities cited in this article from the responsibility for the calculation and management of the limits applicable to them. (Amended, effective July 1, 2023, by BCB Resolution No. 326, of June 14, 2023.)

Art. 8 The Department responsible for the curation of the database of the information referred to in this Resolution is authorized to establish the form and other conditions necessary to comply with the provisions of this Resolution.

Art. 9 The information referred to in Art. 3 must be submitted starting from the base date of January 2022.

Art. 10. The following are revoked:

I - Circular No. 3,398, of July 23, 2008;

II - Art. 5 of Circular No. 3,524, of February 3, 2011;

III - Circular No. 3,686, of November 29, 2013;

IV - Circular No. 3,699, of February 12, 2014;

V - Circular No. 3,726, of November 6, 2014;

VI - Art. 1 of Circular No. 3,878, of February 20, 2018; and

VII - item II of Art. 1 of Circular No. 4,010, of April 28, 2020.

Art. 11. This Resolution enters into force:

I - on January 3, 2022, for Arts. 3, 4 and 9; and

II - on March 1, 2021, for the remaining articles.

Paulo Sérgio Neves de Souza
Director of Supervision

Otávio Ribeiro Damaso
Director of Regulation