CMN Resolution No. 4,877 — General Criteria for Measurement and Recognition of Social and Labor Obligations by Institutions Authorized by the Central Bank of Brazil

CMN Resolution No. 4,877 consolidates general criteria for the monthly recognition of social and labor obligations as liabilities for institutions authorized by the Central Bank of Brazil, requiring recognition of profit shares, vacation, thirteenth salary, and other known or calculable charges. The resolution mandates adherence to Technical Pronouncement CPC 33 (R1) for employee benefits, permits a specific discount rate calculation based on the average market yield of the preceding six months, and allows prospective application with explanatory note disclosures. It explicitly excludes consortium administrators, payment institutions, securities brokers and distributors, and currency brokers from its scope, and revokes Resolution No. 4,424 of June 25, 2015, entering into force on January 1, 2021.

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Resolution No. 4,877

CMN RESOLUTION NO. 4,877, OF DECEMBER 23, 2020

Establishes the general criteria for measurement and recognition of social and labor obligations by institutions authorized to operate by the Central Bank of Brazil.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the Monetary Council, in a session held from December 18 to 23, 2020, based on Articles 4, items VIII and XII, and 31 of the aforementioned Law, and Article 61 of Law No. 11,941, of May 27, 2009,

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Lineage: Amended

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Timeline

Amended 1 time · last 2024-01-25

2024-01-25BCBResolution CMN No. 5116 – Amendments to multiple resolutions to exclude securities brokerages, securities distributors and foreign‑exchange brokerages from their scopeamends

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