Central Bank of Brazil Instruction Normative No. 726 of April 17, 2026

Resolution No. 222

INSTRUCTION NORMATIVE
BCB No. 726, OF APRIL 17, 2026

Amends
Instruction Normative BCB No. 385, of May 30, 2023.

The Head of the Department of Prudential and Exchange Regulation (Dereg), in exercise of the powers conferred upon him by Articles 23, item I, letter “a”, and 119, item I, letter “d”, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, and having in view the provisions of Article 56 of Resolution No. 4,557, of February 23, 2017, Article 23, § 5º, of Resolution BCB No. 54, of December 16, 2020, and Article 63 of Resolution BCB No. 265, of November 25, 2022,

RESOLVES:

Art. 1º The Instruction Normative BCB No. 385, of May 30, 2023, published in the Official Gazette of the Union on May 31, 2023, shall henceforth be in force with the following alterations:

“Art. 1º-K. The Pillar 3 Report shall henceforth be in force, supplemented by the Linked Assets table (ENC Table).

Art. 1º-L. Modifications were made in the following tables:

I - LIQ1 Table: inclusion of hatched areas in cells that should not be filled; and

II - CR1, CR3, and CR5 Tables: alteration to exclude advances and income to be appropriated from the disclosure request regarding provisions. (NR)”

Art. 2º This Instruction Normative enters into force on the date of its publication.

RICARDO
FRANCO MOURA

INFORMATION NOTE, OF APRIL 17,
2026

Regulation Matters – Amends Instruction Normative BCB No. 385, of May 30, 2023.

Resolution BCB No. 306, of March 23, 2023, established important changes to the Pillar 3 Report, with the inclusion of the provision for new standardized disclosure tables. At that time, tables that were already part of the framework of the Basel Committee on Banking Supervision (BCBS) were incorporated, such as those referring to the internal models approach for credit risk, in addition to the incorporation of recommendations that, since January 2023, had become part of the framework of this Committee.

2. The new recommendations encompassed the operational risk tables, those comparing risk-weighted assets (RWA) calculated by the internal models approach and the standardized approach, and the linked assets table. Gradually, the layouts of the tables added to the Pillar 3 Report in the aforementioned resolution were disclosed, with only the layout of the linked assets table remaining. With this Instruction Normative, the layout of this table is also disclosed, thereby completing the BCBS recommendations for Pillar 3, in force since 2023.

3. The linked assets table aims to provide a view of the total assets that are subject to any legal, regulatory, statutory, or contractual impediment or restriction for their trading, and the total assets that are not subject to these impediments or restrictions. Thus providing a complementary view on the institution's liquidity.

4. In the process of reviewing the tables of the Pillar 3 Report, it was identified that some cells of the LIQ1 table - Short-Term Liquidity Indicator (LCR) should not be filled, as established in the BCBS framework. Thus, this table is also updated by this Instruction Normative, in order to include hatched areas in cells: 1/a, 9/a, 16/a, 21/a, 22/a, and 23/a.

5. Additionally, the CR1 - Credit quality of exposures, CR3 - Overview of credit risk mitigation techniques, and CR5 - Standardized approach segregation of exposures by counterparty and by risk weighting factor tables, relating to credit risk, will be adjusted to align with the new wording of Article 6º of Resolution BCB No. 229, of May 12, 2022, established by Resolution BCB No. 438, of November 28, 2024. The previous wording provided that the calculation of the exposure value should deduct the respective advances received, provisions, and income to be appropriated.

6. However, significant changes were promoted in the structure of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), starting from January 1, 2025, due to Resolution BCB No. 390, of June 12, 2024. With this, for many cases, the direct applicability of those deductions was lost, as they have now become integrated into the accounting record. Thus, to align the disclosure requirements with those promoted by Resolution BCB No. 438, of 2024, provisions of the aforementioned tables are updated.

7. In compliance with the provision of Article 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, autarchic, and foundation federal public administration, as well as by collegiate bodies through the body or entity responsible for providing administrative support, must be preceded by a regulatory impact analysis (RIA).

8. However, in accordance with Article 4º, items II and VI, of the aforementioned Decree, the preparation of an RIA may be waived in the issuance of a normative act resulting from a process of convergence to international standards or that aims to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. In light of these provisions, the issuance of the instruction normative now proposed is exempt from the preparation of an RIA.

RICARDO FRANCO MOURA
Head of the Department of Prudential and Exchange Regulation