2021-09-30 | Resolução CMN 4950

Added 2026-09-25

CMN Resolution No. 4,950 — Accounting Criteria for Prudential Conglomerate Consolidated Financial Statements

CMN Resolution No. 4,950 establishes the accounting criteria for financial institutions and other entities authorized by the Central Bank of Brazil to prepare consolidated financial statements for prudential conglomerates. It defines the composition of a prudential conglomerate, mandates the preparation and submission of consolidated documents, and requires the application of consistent accounting policies, functional currency conversions, and specific treatments for goodwill and non-controlling interests. The regulation supersedes previous resolutions and enters into force on January 1, 2022, with specific provisions for sub-conglomerates effective from July 1, 2026.

Brazil

Banco Central do Brasil

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CMN Resolution No. 4,950, of September 30, 2021

Establishes the accounting criteria applicable to financial institutions and other entities authorized to operate by the Central Bank of Brazil in the preparation of the consolidated accounting documents of the prudential conglomerate.

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 September 30, 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,

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Supersedes

Resolution CMN No. 4280 — Consolidated Financial Statements of the Prudential Conglomerate2013Circular No. 3082 — Establishes and Consolidates Criteria for the Accounting Recording and Valuation of Derivative Financial Instruments2002Resolution No. 4517 dated 2016-08-24not in RegAlertResolution No. 4866 dated 2020-10-26not in RegAlert

Amended by

CMN Resolution No. 5,221 — Amends CMN Resolution No. 4,911 and CMN Resolution No. 4,950 regarding accounting document preparation and remittance to the Central Bank of Brazil2025Resolution CMN No. 5116 – Amendments to multiple resolutions to exclude securities brokerages, securities distributors and foreign‑exchange brokerages from their scope2024

Amends

CMN Resolution No. 4818 — Consolidates General Criteria for Preparation and Disclosure of Individual and Consolidated Financial Statements by Financial Institutions2020Resolution No. 5116 dated 2024-01-25not in RegAlertResolution No. 5221 dated 2025-05-30not in RegAlert

Issued under

Law No. 11941 dated 2009-05-27not in RegAlertLaw No. 4595 dated 1964-12-31not in RegAlert

Basis for

Instruction Normative BCB No. 753 — Amends Instruction Normative BCB No. 210 of December 21, 2021, Regarding Prudential Conglomerate Financial Reporting2026Normative Instruction BCB No. 438 — Amends Normative Instruction BCB No. 236 Regarding Financial Statement Submission Procedures2023Normative Instruction BCB No. 311 — Establishes Procedures for Submission of the Prudential Conglomerate Report2022Normative Instruction BCB No. 210 — Amends and Consolidates Procedures for Submitting the Analytical Balance Sheet and Analytical Balance Sheet of the Prudential Conglomerate and Registration Procedures for Institutions Not Part of a Prudential Conglomerate2021

Referred to by

BCB Normative Instruction No. 755 — Amends BCB Normative Instruction No. 399/2023, consolidating procedures for submitting liquidity risk exposure and LCR information under BCB Resolution No. 2072026BCB Resolution No. 577 — Amends BCB Resolution No. 207 of March 22, 2022, Regarding Liquidity Risk Exposure and Short-Term Liquidity Indicator (LCR) Reporting2026Central Bank Resolution No. 5,296: Minimum Limits for Short-Term Liquidity Indicators LCR and LCRS2026CMN Resolution No. 5222 – Amends Resolution No. 4557 of February 23, 2017, and Resolution No. 4401 of February 27, 20152025CMN Resolution No. 5223 — Minimum Leverage Ratio Requirement and Compliance Conditions2025Normative Instruction BCB No. 473 of May 23, 20242024

+4 more

CMN Resolution No. 5,049 — Amending Resolutions Nos. 4,282, 4,553, 4,606, 4,677, 4,955, and 4,9582022Normative Instruction BCB No. 321 of November 10, 20222022Resolution CMN No. 5,007 — Establishes Conditions for Issuance of Financial Notes by Financial Institutions2022BCB Resolution No. 207 — Consolidates and Amends Normative Acts Regarding the Submission of Information on Liquidity Risk Exposure and the Short-Term Liquidity Indicator (LCR)2022

Timeline

Amended 2 times · last 2025-05-30

• 2025-05-30BCBCMN Resolution No. 5,221 — Amends CMN Resolution No. 4,911 and CMN Resolution No. 4,950 regarding accounting document preparation and remittance to the Central Bank of Brazilamends
• 2024-01-25BCBResolution CMN No. 5116 – Amendments to multiple resolutions to exclude securities brokerages, securities distributors and foreign‑exchange brokerages from their scopeamends

This document amends: CMN Resolution No. 4818 — Consolidates General Criteria for Preparation and Disclosure of Individual and Consolidated Financial Statements by Financial Institutions

This document supersedes: Resolution CMN No. 4280 — Consolidated Financial Statements of the Prudential Conglomerate, Circular No. 3082 — Establishes and Consolidates Criteria for the Accounting Recording and Valuation of Derivative Financial Instruments

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