BCB Resolution No. 74 — Establishes Procedures for Remitting Information on Public Sector Assets, Liabilities, and Financial Flows

Resolution No. 74

BCB RESOLUTION NO. 74, OF FEBRUARY 23, 2021

Establishes procedures for the remittance of information relating to assets, liabilities, and financial flows of the public sector by financial institutions and other institutions authorized by the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 23, 2021, having regard to the provisions of Article 37 of Law No. 4,595, of December 31, 1964,

R E S O L V E:

Art. 1 Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must send this Autarchy monthly information relating to assets, liabilities, and financial flows of the public sector, through documents provided for in the Document Remittance Control System (CRD).

§ 1 For the purposes of this Resolution, the public sector is understood to be the bodies and entities of public administration, thus discriminated:

I - direct administration of the powers of the Union, the States, the Federal District, and the Municipalities;

II - public companies, mixed-economy societies, their subsidiaries, and other companies controlled, directly or indirectly, by the Union, the States, the Federal District, and the Municipalities, except for financial institutions and other institutions authorized to operate by the Central Bank of Brazil and companies of the Petrobras Group and the Eletrobras Group;

III - autarchies and foundations established or maintained, directly or indirectly, by the Union, the States, the Federal District, and the Municipalities;

IV - other bodies or entities of the powers of the Union, the States, the Federal District, and the Municipalities.

§ 2 The information referred to in the caput refers to the balance of financial assets and liabilities of the public sector determined on the last business day of the reference month and to financial flows determined during the reference month.

§ 3 The Central Bank of Brazil, at its discretion, may also request information on flows of issuances, redemptions, cancellations, interest accrued by competence, and other information on assets and liabilities of the public sector in the reference period.

Art. 2 The Central Bank of Brazil will publish the operational procedures necessary to comply with the provisions of this Resolution, including regarding the establishment of the form and deadline for remitting the information referred to in Art. 1.

Art. 3 It is the responsibility of the director responsible for providing information provided for in legal and regulatory norms, as referred to in Circular No. 3,504, of August 6, 2010, to comply with the provisions of this Resolution.

Art. 4 The institutions referred to in Art. 1 must designate an employee to answer any questions regarding the information sent in compliance with the provisions of this Resolution.

Sole Paragraph. The designation referred to in this article must be registered in the Information System on Entities of Interest of the Central Bank (Unicad), established by Circular No. 3,165, of December 4, 2002.

Art. 5 Financial institutions that do not have records of information relating to assets, liabilities, and financial flows of the public sector must register the waiver of remittance of the documents referred to in Art. 1 in the CRD.

Art. 6 This Resolution enters into force on April 1, 2021, producing effects from July 1, 2021.

Art. 6 This Resolution enters into force on April 1, 2021, producing effects from October 1, 2021. (Redacted, from July 1, 2021, by BCB Resolution No. 101, of June 2, 2021.)

Fabio Kanczuk
Director of Economic Policy