CMN Resolution No. 4,911, of May 27, 2021

Establishes the general criteria for the preparation and submission of accounting documents to the Central Bank of Brazil by financial institutions and other 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 National Monetary Council, in a session held on May 27, 2021, based on Article 4, items VIII and XII, of the aforementioned Law, and considering the provisions of Article 61 of Law No. 11,941, of May 27, 2009,

RESOLVES:

CHAPTER I

OF THE OBJECT AND SCOPE OF APPLICATION

Art. 1. This Resolution establishes the general criteria for the preparation and submission of accounting documents to the Central Bank of Brazil by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

§ 1. The provisions of this Resolution do not apply to consortium administrators and payment institutions, which must observe the regulations issued by the Central Bank of Brazil in the exercise of their legal powers. (Amended, effective March 1, 2024, by CMN Resolution No. 5,116, of January 25, 2024.)

§ 2. An institution in extrajudicial liquidation, in the preparation and submission of accounting documents, must observe the provisions of this Resolution, when not conflicting with regulations issued by the National Monetary Council specific to these institutions.

CHAPTER II

OF ACCOUNTING DOCUMENTS

Art. 2. The institutions mentioned in Article 1 must prepare and submit to the Central Bank of Brazil the following accounting documents:

I - individual:

a) Analytical Balance Sheet, with monthly frequency; and

b) Analytical Balance Sheet, with semi-annual frequency, for the base dates of June 30 and December 31; and

II - consolidated:

a) Analytical Balance Sheet – Prudential Conglomerate, with monthly frequency;

b) Balance Sheet – Prudential Conglomerate, with semi-annual frequency, for the base dates of June 30 and December 31; and

c) Prudential Conglomerate Report, with semi-annual frequency, for the base dates of June 30 and December 31.

§ 1. In addition to the documents provided for in the caput: (Amended, effective July 1, 2026, by CMN Resolution No. 5,221, of May 30, 2025.)

I - the institution that has branches in the country must prepare, monthly, the Analytical Balance Sheet by branch; (Amended, effective July 1, 2026, by CMN Resolution No. 5,221, of May 30, 2025.)

II - the institution that has branches abroad or participations in entities abroad that are part of the prudential conglomerate must prepare and submit to the Central Bank of Brazil, monthly, the Analytical Balance Sheet of these entities; and (Amended, effective July 1, 2026, by CMN Resolution No. 5,221, of May 30, 2025.)

III - the institution that, in accordance with current regulations, chooses to calculate the leverage ratio on a sub-consolidated basis must prepare and submit to the Central Bank of Brazil: (Added, effective July 1, 2026, by CMN Resolution No. 5,221, of May 30, 2025.)

a) Analytical Balance Sheet – Sub-Prudential Conglomerate, with monthly frequency; and (Added, effective July 1, 2026, by CMN Resolution No. 5,221, of May 30, 2025.)

b) Balance Sheet – Sub-Prudential Conglomerate, with semi-annual frequency, for the base dates of June 30 and December 31. (Added, effective July 1, 2026, by CMN Resolution No. 5,221, of May 30, 2025.)

§ 2. The report referred to in item "c" of item II must be subject to reasonable assurance by an independent auditor who meets the requirements set forth in specific regulation for the provision of independent audit services for financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Art. 3. Commercial banks, multiple banks with a commercial portfolio, and the Federal Savings Bank must prepare and submit to the Central Bank of Brazil, monthly, the Banking Statistics document of the institution and of each of its branches, separately.

Art. 4. The preparation and submission to the Central Bank of Brazil of the accounting documents referred to in this Chapter are mandatory from the date on which the institution authorized to operate by the Central Bank of Brazil is in effective operation. (Amended, effective May 1, 2023, by CMN Resolution No. 5,066, of March 30, 2023).

CHAPTER III

OF THE SUBMISSION OF ACCOUNTING DOCUMENTS TO THE CENTRAL BANK OF BRAZIL

Art. 5. The accounting documents submitted to the Central Bank of Brazil must be signed by the director responsible for the institution's accounting and by a legally qualified accountant.

Art. 6. The board of directors of the institution is responsible for forwarding to the Central Bank of Brazil the accounting documents referred to in this Resolution within the deadlines provided for, in accordance with regulation.

Art. 7. The Central Bank of Brazil may, without prejudice to other appropriate measures, determine the new preparation and submission of the accounting documents referred to in this Resolution, with the corrections necessary for the appropriate representation of the institution's assets, results, and control items.

Art. 8. In the event of substitution of the accounting documents referred to in this Resolution, the institutions mentioned in Article 1 must:

I - observe the operational procedures provided for in specific regulation; and

II - keep at the disposal of the Central Bank of Brazil, for a minimum period of five years, a report signed by the directors responsible for the accounting and audit areas, containing the justifications for the substitution of the documents.

Sole Paragraph. The report referred to in item II must contain the knowledge of the independent auditor, if the substituted document was subject to audit.

CHAPTER IV

FINAL PROVISIONS

Art. 9. The institutions mentioned in Article 1 are subject to the penalties provided for in current regulation due to non-compliance with the deadlines or conditions for the submission of accounting documents, as well as the sending of incorrect information.

Art. 10. The institutions mentioned in Article 1 must keep at the disposal of the Central Bank of Brazil, for a minimum of five years:

I - the accounting documents provided for in Article 2, § 1, item I; and

II - the information, data, consolidation maps with respective eliminations, documents, interrogatories, verifications, and questions necessary for the adequate assessment of the active and passive operations and the risks assumed by the entities consolidated in the prudential conglomerate, regardless of their nature or operational activity.

Art. 11. In the case of consolidated accounting documents, the attributions and responsibilities provided for in this Resolution must be attributed to the leading institution of the prudential conglomerate.

Art. 12. The Central Bank of Brazil is authorized to:

I - dispense with the submission of one or more accounting documents with the objective of rationalizing the flow of information; and

II - issue norms and adopt the necessary measures for the execution of the provisions of this Resolution, including provisions on deadlines, form, content, and conditions for the preparation and submission of accounting documents, including the Prudential Conglomerate Report.

Art. 13. The following are revoked:

I - Circular No. 2,964, of February 3, 2000;

II - Article 16 of the Regulation Annex to Resolution No. 1,120, of April 4, 1986;

III - Article 11 of the Regulation Annex to Resolution No. 1,770, of November 28, 1990;

IV - §§ 1 and 2 of Article 7 of Resolution No. 2,122, of November 30, 1994;

V - Article 10 of Resolution No. 2,723, of May 31, 2000;

VI - Article 2 of Resolution No. 4,280, of October 31, 2013; and

VII - Article 1 of Resolution No. 4,403, of March 26, 2015.

Art. 14. This Resolution enters into force on January 1, 2022.

Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil