Central Bank of Brazil Instruction Normative No. 547 of November 7, 2024

INSTRUCTION NORMATIVE BCB NO. 547, OF NOVEMBER 7, 2024

Amends Instruction Normative BCB No. 398, of June 29, 2023, which disseminates procedures, documents, deadlines, and information necessary for the processing of authorization requests related to the operation of consortium administrators governed by Resolution BCB No. 233, of July 27, 2022.

The Head of the Department of Financial System Organization — Deorf, in the exercise of the authority conferred by arts. 23, item I, letter “a”, and 98, item VI, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on art. 16 of Resolution BCB No. 130, of August 20, 2021, and art. 6 of Resolution BCB No. 233, of July 27, 2022,

R E S O L V E S:

Art. 1º Instruction Normative BCB No. 398, of June 29, 2023, published in the Official Gazette of the Union on June 30, 2023, shall enter into force with the following alterations:

“Art. 5º ......................................................................................................................

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XVI - declaration, signed by the controllers, regarding the definition of control and agreements and other instruments entered into by shareholders or quota holders, in the form of Sisorf model 8.21.20.9; and

XVII - declaration, in Sisorf model 8.21.10.1, regarding the filing, communication, and provision of agreements and other instruments entered into by shareholders or quota holders.” (NR)

“Art. 8º .....................................................................................................................

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XII - declaration, signed by the controllers, regarding the definition of control and agreements and other instruments entered into by shareholders or quota holders, in the form of Sisorf model 8.21.20.9; and

XIII - declaration, in Sisorf model 8.21.10.2, regarding the filing, communication, and provision of agreements and other instruments entered into by shareholders or quota holders.” (NR)

“Art. 12. ...................................................................................................................

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IV - documentary evidence of the origin of the resources used by the controllers and by holders of qualified participation in the subscription of share capital, except for a controller or holder of qualified participation that is an institution authorized by the Central Bank of Brazil, in the following cases:

a) capital increase in a value greater than 50% of the share capital, considering, if applicable, the sum of successive increases in the six months prior to the authorization request;

b) capital increase in situations of non-compliance with operational limits; or

c) capital increase provided for in a regularization plan.” (NR)

“Art. 14. The request for cancellation of the authorization for operation must be processed, within a period of up to fifteen days from the respective act or resolution, with the following documents:

.........................................................................................................................” (NR)

“Section X
Of the Authorization for Extinction of the Audit Committee

Art. 14-A. The request for authorization for the extinction of the audit committee must be processed, within a period of up to fifteen days from the respective act, with the petition in the form of Sisorf model 8.21.10.10.” (NR)

Art. 2º Annex I to Instruction Normative BCB No. 398, of June 29, 2023, published in the Official Gazette of the Union on June 30, 2023, shall enter into force with the following alterations:

“Art. 1º .....................................................................................................................

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VIII - structure of internal controls, risk management, and indication of the policy, risk assessment, systems, procedures, and controls for the detection and prevention of operations whose characteristics may indicate the existence of crimes typified in Law No. 9.613, of March 3, 1998;

.........................................................................................................................” (NR)

Art. 3º Annex II to Instruction Normative BCB No. 398, of June 29, 2023, published in the Official Gazette of the Union on June 30, 2023, shall enter into force with the following alterations:

“Art. 1º .....................................................................................................................

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II - .............................................................................................................................

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f) structure of internal controls, risk management, and indication of the policy, risk assessment, systems, procedures, and controls for the detection and prevention of operations whose characteristics may indicate the existence of crimes typified in Law No. 9.613, of March 3, 1998;

.........................................................................................................................” (NR)

Art. 4º Annex III to Instruction Normative BCB No. 398, of June 29, 2023, published in the Official Gazette of the Union on June 30, 2023, shall enter into force with the following alterations:

“Art. 1º .....................................................................................................................

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III - impacts of an operational nature, explicitly stating, if applicable, the alterations in the standards and in the structure of corporate governance, internal controls, risk management, and in the policy, risk assessment, systems, procedures, and controls for the detection and prevention of operations whose characteristics may indicate the existence of crimes typified in Law No. 9.613, of March 3, 1998;

.........................................................................................................................” (NR)

“Art. 2º .....................................................................................................................

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II - impacts of an operational nature, explicitly stating, if applicable, the alterations in the standards and in the structure of corporate governance, internal controls, risk management, and in the policy, risk assessment, systems, procedures, and controls for the detection and prevention of operations whose characteristics may indicate the existence of crimes typified in Law No. 9.613, of March 3, 1998;

.........................................................................................................................” (NR)

Art. 5º The following provisions of Instruction Normative BCB No. 398, of June 29, 2023, published in the Official Gazette of the Union on June 30, 2023, are revoked:

a) art. 5º, main text, items XIII and XIV; and

b) art. 8º, main text, items X and XI.

Art. 6º This Instruction Normative enters into force on the date of its publication.

Carolina Pancotto Bohrer

Head

ANNEX

NOTE

1. This Instruction Normative BCB - IN BCB aims to disseminate the procedures, documents, and information necessary for the processing of the request for authorization for the extinction of the audit committee, governed by art. 16, item II, of Resolution BCB No. 130, of August 20, 2021.

2. At this time, in addition to the normative consolidation provided for in art. 67 of Decree No. 12.002, of April 22, 2024, other provisions were altered with a view to simplifying, standardizing, and rationalizing the procedural processing.

3. Decree No. 10.411, of June 30, 2020, regulates the carrying out of regulatory impact analysis - AIR as a prerequisite for the issuance of normative acts. However, in its article 4º, the aforementioned decree establishes the hypotheses for dispensing with the carrying out of AIR. This instruction normative falls under the hypothesis provided for in item II, as it does not bring any additional requirement to that contained in the current regulation, and is intended to clarify the manner of compliance with obligations defined in a hierarchically superior norm. Thus, based on item II of art. 4º of Decree No. 10.411, of 2020, I understand that the issuance of this instruction normative dispenses with the carrying out of AIR.

Carolina Pancotto Bohrer
Head