BCB Resolution No. 92, of May 6, 2021

Dispenses on the use of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) by consortium administrators and payment institutions and on the structure of the Cosif account list to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Dispenses on the use of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) by consortium administrators, payment institutions, securities and currency brokerage companies, securities distribution companies and currency brokerage companies authorized to operate by the Central Bank of Brazil and on the structure of the Cosif account list to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.(Wording given, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

Dispenses on the use of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil – Cosif by consortium administrators, payment institutions, securities and currency brokerage companies, securities distribution companies, currency brokerage companies and virtual asset services providers and on the structure of the Cosif account list to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil. (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 May 6, 2021, based on arts. 9 of Law No. 4.595, of December 31, 1964, 6 and 7, item III, of Law No. 11.795, of October 8, 2008, 9, items II and IX, letter "b", and 15 of Law No. 12.865, of October 9, 2013, and 12 of Resolution No. 4.858, of October 23, 2020,

RESOLVES:

CHAPTER I

OBJECT AND SCOPE OF APPLICATION

Art. 1. This Resolution establishes:

I - the use of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) by consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil; and

I - the use of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif) by the following institutions authorized to operate by the Central Bank of Brazil: (Wording given, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

I - the obligation to use the Accounting Standard for Institutions Regulated by the Central Bank of Brazil – Cosif by the: (Wording given by BCB Resolution No. 553, of 3/3/2026.)

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

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

c) securities and currency brokerage companies; (Included, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

d) securities distribution companies; and (Included, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

d) securities distribution companies; (Wording given by BCB Resolution No. 553, of 3/3/2026.)

e) currency brokerage companies; and (Included, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

e) currency brokerage companies; and (Wording given by BCB Resolution No. 553, of 3/3/2026.)

f) virtual asset services providers; and (Included by BCB Resolution No. 553, of 3/3/2026.)

II - the structure of the Cosif account list to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

CHAPTER II
OBSERVANCE OF COSIF BY CONSORTIUM ADMINISTRATORS AND PAYMENT INSTITUTIONS

CHAPTER II
OBSERVANCE OF COSIF BY CONSORTIUM ADMINISTRATORS, PAYMENT INSTITUTIONS, SECURITIES AND CURRENCY BROKERAGE COMPANIES, SECURITIES DISTRIBUTION COMPANIES AND CURRENCY BROKERAGE COMPANIES

(Title changed, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

CHAPTER II

OBSERVANCE OF COSIF BY THE INSTITUTIONS MENTIONED IN ART. 1, CAPUT, ITEM I

(Title changed by BCB Resolution No. 553, of 3/3/2026.)

Art. 2. Consortium administrators and payment institutions mentioned in art. 1 must observe the accounting standards issued by the Central Bank of Brazil, embodied in Cosif, in accounting recording, recognition, measurement and disclosure.

Art. 2. The institutions mentioned in item I of the caput of art. 1 must observe the accounting standards issued by the Central Bank of Brazil, embodied in Cosif, in accounting recording, recognition, measurement and disclosure. (Wording given, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

Sole paragraph. Consortium administrators must observe the standards referred to in the caput in the accounting recording, recognition, measurement and disclosure of the administered groups.

Sole paragraph. (Revoked, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

§ 1. Consortium administrators must observe the standards referred to in the caput in the accounting recording, recognition, measurement and disclosure of the administered groups. (Included, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

§ 2. The criteria and procedures embodied in Cosif, as well as the existence of accounting items, do not presuppose permission to practice operations or services prohibited by law, regulation or administrative act, or dependent on prior authorization by the Central Bank of Brazil. (Included, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

Art. 3. Consortium administrators and payment institutions mentioned in art. 1 must use a specific account list defined by the Central Bank of Brazil according to their type.

Art. 3. The institutions mentioned in item I of the caput of art. 1 must use a specific account list defined by the Central Bank of Brazil according to their type. (Wording given, from 1/1/2024, by BCB Resolution No. 367, of 1/25/2024.)

CHAPTER III

COSIF ACCOUNT LIST

Art. 4. The code of the accounting items of the Cosif account list is formed by, at minimum, five levels of aggregation, followed by the control digit, being:

I - the 1st level, called accounting group, of one digit;

II - the 2nd level, called accounting sub-group, of one digit;

III - the 3rd level, called accounting sub-group breakdown, of one digit;

IV - the 4th level, called accounting title, of two digits; and

IV - the 5th level, called first-degree accounting subtitle, of two digits.

§ 1. The Financial System Regulation Department (Denor) may define new levels, of two digits, for accounting items for which the aggregation defined in the caput is not sufficient to maintain the necessary accounting controls and the adequate recording of events, transactions and administrative acts and facts.

§ 2. The control digit of the account is calculated as follows:

I - multiplication of each digit of the code, from right to left, respectively, by 3, 7, 1, 3, 7, 1, 3, 7, 1;

II - sum of the results of the multiplications provided for in item I;

III - division of the total obtained in the operation referred to in item II by ten; and

IV - subtraction of the remainder of the division referred to in item III from ten.

§ 3. If the remainder referred to in item IV of § 2 is zero, the control digit is also zero.

Art. 5. An identifier attribute of the institution type will be assigned to the titles and, if existing, to the accounting subtitles, as defined in Annex I.

Art. 5. (Revoked, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

Art. 6. Accounting recording must be carried out only in accounting items that contain an attribute specific to the institution type.

Art. 6. Accounting recording can only be carried out in accounting items related to operations that the institution is authorized to perform. (Wording given, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

Sole paragraph. The leading institution of the conglomerate may, in consolidated documents, use the accounting items with attributes specific to the other entities included in the consolidation for the recording of events and transactions carried out by them.

Sole paragraph. (Revoked, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

§ 1. The leading institution of the conglomerate must, in consolidated documents, use the accounting items designated for use by the other entities included in the consolidation for the recording of events and transactions carried out by them, except for the eliminations and reclassifications provided for in the regulation. (Included, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

§ 2 Denor may indicate the accounting items that cannot be used by certain types or segments of institutions. (Included, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

Art. 7. Accounting titles of the Cosif account list will be assigned a code for the definition of Banking Statistics (Estban).

Art. 7. Accounting titles of the Cosif account list may be assigned a code for the definition of Banking Statistics (Estban). (Wording given, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

Sole paragraph. The provisions of the caput do not apply to accounting titles of clearing accounts.

Art. 8. Corrective accounts appear in a subtractive manner in the group, sub-group, breakdown or title to which they refer.

Art. 9. The following accounting groups are defined in the Cosif account list:

I - 1.0.0.00.00-7 Realizable Asset;

II - 2.0.0.00.00-4 Permanent Asset;

III - 3.0.0.00.00-1 Active Clearing;

IV - 4.0.0.00.00-8 Payable Liability;

V - 6.0.0.00. 00-2 Net Equity;

VI - 7.0.0.00.00-9 Creditor Result;

VII - 8.0.0.00.00-6 Debtor Result; and

VIII - 9.0.0.00.00-3 Passive Clearing.

Art. 9. (Revoked, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

CHAPTER IV

GENERAL AND FINAL PROVISIONS

Art. 10. Denor will define:

I - the codes and names of the sub-groups, sub-group breakdowns, titles and subtitles of the Cosif account list;

I - the codes and names of the groups, sub-groups, sub-group breakdowns, titles and subtitles of the Cosif account list; (Wording given, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

II - the functions and attributes of the titles and subtitles of accounting; and

II - the functions of the accounting items, when necessary; and (Wording given, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)

III - the Estban code of the accounting titles, when applicable.

Art. 11. This Resolution enters into force on January 1, 2022.

Otávio Ribeiro Damaso
Director of Regulation

ANNEX I

List of identifier attribute of the institution type

Attribute	Institution Type
A	Leasing Companies
B	Commercial Banks and Exchange Banks
C	Securities and Currency Brokerage Companies
D	Development Banks
F	Credit, Financing and Investment Companies
H	Consortium Administrators
I	Investment Banks
J	Microentrepreneur and Small Business Credit Companies, Direct Credit Companies and Peer-to-Peer Lending Companies
K	Development or Promotion Agencies
L	Brazil Bank S.A.
M	Federal Savings Bank
N	National Economic and Social Development Bank
P	Consortium Groups
R	Credit Cooperatives
S	Real Estate Credit Companies and Savings and Loan Associations
T	Securities Distribution Companies
U	Multiple Banks
W	Mortgage Companies
Y	Payment Institutions
Z	Companies in Extrajudicial Liquidation

ANEXO I

(Annex I revoked, from 1/1/2025, by BCB Resolution No. 390, of 6/12/2024.)