INSTRUCTION NORMATIVE BCB NO. 573, OF DECEMBER 20, 2024

Establishes the submission date for the first Organized Recovery and Orderly Exit Plan (PRSO).

The Heads of the Resolution and Sanctioning Action Department (Derad), acting in substitution, and of the Banking 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 Resolution BCB No. 340, of September 21, 2023, and

having regard to the provisions of Art. 20, §2, of CMN Resolution No. 5,187, of November 28, 2024, and of Arts. 32 and 35 of BCB Resolution No. 440, of November 28, 2024,

RESOLVE:

Art. 1 Institutions that meet the criteria provided for in the specific regulation for classification in Segment 1 – S1 must prepare and submit to the Central Bank of Brazil the items of the first Organized Recovery and Orderly Exit Plan – PRSO, considering the provisions of Art. 24 of BCB Resolution No. 440, of November 28, 2024, on the following dates:

I – by July 31, 2025, the items:

a) organizational profile;

b) support structure;

c) governance of the recovery and resolution process;

d) recovery and resolution strategies; and

e) communication plan; and

II – by December 31, 2025, the items:

a) self-assessment of recovery capacity and resolvability; and

b) Action Plan for Elimination or Mitigation of Barriers and Risks to Recovery and Resolution.

Sole Paragraph. For the purposes of Art. 35 of BCB Resolution No. 440, of 2024, July 31, 2025, is considered the delivery date of the first PRSO.

Art. 2 This Instruction Normative enters into force on January 1, 2025.

VIVIAN GRASSI SAMPAIO

Head of Derad, acting in substitution

BELLINE SANTANA

Head of Desup

NOTE

The present note justifies the issuance of Instruction Normative BCB (IN) by the Resolution and Sanctioning Action Department (Derad) and the Banking Supervision Department (Desup) to establish the delivery date for the first Organized Recovery and Orderly Exit Plan (PRSO).

2. CMN Resolution No. 5,187, of November 28, 2024, established, in its Art. 20, §2, that the Central Bank of Brazil (BCB) will regulate the form, the detailed content, and the deadlines for delivery and review of the PRSO. In turn, BCB Resolution No. 440, of November 28, 2024, which provides for the content, preparation, and submission of the PRSO, established, in its Art. 35, that the BCB will set a date for the delivery of the first PRSO.

3. For the first PRSO, institutions belonging to segment S1 must submit, by July 31, 2025, the items provided for in items I, II, III, IV, and VII of Art. 24 of BCB Resolution No. 440, of 2024. The remaining items of the PRSO, namely those concerning items V and VI of the aforementioned article, must be submitted by December 31, 2025.

5. From the first submission onwards, the other PRSOs responsible for institutions in segment S1 must be submitted to the BCB on a biennial basis, with the next submission made by July 31, 2027, as determined by items II and III of Art. 32 of BCB Resolution No. 440, of 2024.

6. By virtue of Decree No. 10,411, of June 30, 2020, the issuance of normative acts by bodies of the federal public administration must be preceded by a Regulatory Impact Analysis (RIA).

7. However, the IN only establishes the delivery date for the PRSO, therefore regulating rights or obligations defined in a hierarchically superior norm that do not permit, technically or legally, different regulatory alternatives. Therefore, an RIA is dispensed with, in accordance with Art. 4, item II, of Decree No. 10,411, of 2020.

VIVIAN GRASSI SAMPAIO

Head of Derad, acting in substitution

BELLINE SANTANA

Head of Desup