Central Bank of Brazil Instruction Normative No. 421 of November 23, 2023

Instruction Normative BCB No. 421 amends Instruction Normative BCB No. 311 to exempt specific payment institutions from submitting the Prudential Conglomerate Report (RCP). Exemptions apply to Type 3 conglomerate leaders in Segments 4 and 5, Type 2 leaders with total assets less than or equal to 0.1% of Brazil's GDP, and all payment institutions for periods ending on or before December 31, 2024. Additionally, entities are exempt from submitting specific information items in reports prepared until the June 2026 data base, and must submit information starting from their first effective functioning data base. The regulation enters into force on December 1, 2023.

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Resolution No. 222

CENTRAL BANK OF BRAZIL INSTRUCTION NORMATIVE NO. 421, OF NOVEMBER 23, 2023

Amends
Instruction Normative BCB No. 311, of October 19, 2022, which establishes the procedures for sending the Prudential Conglomerate Report governed by CMN Resolution No. 4,911, of May 27, 2021, and BCB Resolution No. 146, of September 28, 2021.

The Heads of the Financial System Monitoring Department (Desig), the Strategic Management and Specialized Supervision Department (Degef), the Cooperatives and Non-Bank Institutions Supervision Department (Desuc) and the Bank Supervision Department (Desup), in the exercise of the authority conferred upon them by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, based, respectively, on arts. 85, item I, letter “b”, 82, item III, letter “b”, 91, item I, letter “a”, and 88, items I and II, of the aforementioned Regulations, and having in view the provisions of CMN Resolutions Nos. 4,911, of May 27, 2021, and 4,924, of June 24, 2021, and BCB Resolutions Nos. 120, of July 27, 2021, 146, of September 28, 2021, and 197, of March 11, 2022,

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This document amends: Normative Instruction BCB No. 311 — Establishes Procedures for Submission of the Prudential Conglomerate Report

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works