Central Bank of Brazil Instruction Normative No. 303 of September 12, 2022

INSTRUCTION
NORMATIVE BCB NO. 303, OF SEPTEMBER 12, 2022

Amends Instruction Normative No. 270, of April 1, 2022, which defines the accounting items of the Active Compensation group of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) for use by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Head of the Department of Regulation of the Financial System (Denor), using the authority conferred upon him by art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on arts. 12 of CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021,

R E S O L V E :

Art. 1º Instruction
Normative No. 270, of April 1, 2022, shall be enforced with the following alterations:

“Art.
11. ..........................................................................................................

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

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XIII

• ..................................................................................................................

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e)
3.0.9.50.35-7 CGPE – Eligible Programs, with UBDKIFJELMNZ attributes;

f)
3.0.9.50.45-0 PEC – Operations Contracted until May 25, 2022, with attributes UBDKIFJSWELMNZ;

g)
3.0.9.50.47-4 PEC – Operations Contracted from May 25, 2022 – Companies with Annual Gross Revenue up to R$4.8 Million, with attributes UBDKIFJSWELMNZ; and

h)
3.0.9.50.49-8 PEC – Operations Contracted from May 25, 2022 – Companies with Annual Gross Revenue Superior to R$4.8 Million, with attributes UBDKIFJSWELMNZ.

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Art. 2º The provisions of this Instruction
Normative apply to accounting documents prepared from the reference date of October 2022.

Art.
3º This Instruction Normative enters into force on October 1, 2022.

João André Calvino Marques Pereira

NOTE 1127/2022–BCB/DENOR, OF SEPTEMBER 12
OF 2022

Justifies proposal for issuance of instruction normative that creates accounts in the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) for recording values of the Credit Stimulation Program (PEC), instituted by Law No. 14.257, of December 1, 2021.

Mr.
Head of Denor:

The present Technical Note justifies a proposal for the issuance of an instruction normative, which creates and alters accounts for recording operations of the Credit Stimulation Program (PEC), according to the competence of the Department of Regulation of the Financial System (Denor), using the authority conferred upon him by art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on arts. 12 of CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021.

2.                     The proposal for the normative act aims to update the account plan of the Accounting Standard of Institutions Regulated by the Central Bank of  
   

Brazil (Cosif), in order to allow supervision, as established in art.
12 of Law No. 14.257, of 2021, of compliance, by financial institutions and other institutions authorized to operate by the Central Bank that adhere to PEC, with the conditions of adherence to the program, especially the determination that, for operations carried out after May 25, 2022, there must be a minimum allocation of 70% of the total value contracted in operations within the scope of PEC to companies with gross revenue up to R$4,800,000.00.

3.                     In compliance with the provisions of art. 5º of Law No. 13.874, of September 20, 2019,  
   

Decree No. 10.411, of 2020, determines that proposals for normative acts of general interest of economic agents formulated by bodies and entities of the direct federal public administration, autarchic and foundation, as well as by collegiate bodies through the body or entity responsible for providing administrative support, must be preceded by regulatory impact analysis (AIR).

4.                     However, as provided in art. 4º, items II and III, of said Decree, the obligation to prepare AIR may be waived for a normative act of low impact or that aims to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. Thus, in light of these provisions, the proposed instruction normative is exempt from the preparation of AIR.
   
                     For your consideration.
   

Uverlan
Rodrigues Primo
Deputy Chief

Agreed.

João
André Calvino Marques Pereira
Department Head