CMN Resolution No. 4,967 — Criteria for Accounting Recognition, Measurement, and Disclosure of Investment Property and Non-Financial Assets

CMN Resolution No. 4,967 establishes accounting criteria for financial institutions regarding the recognition, measurement, and disclosure of investment property and non-financial assets acquired for future sale or profit from price variations. Institutions must apply CPC 28 for investment property and measure non-financial assets at fair value less costs to sell, with gains or losses recognized in the period's result. The resolution excludes consortium administrators, payment institutions, and securities brokers, which remain subject to their own regulations, and mandates that documentation supporting measurement criteria be retained for at least five years. It enters into force on January 1, 2022, with prospective application and allows a transition option until the end of the 2022 fiscal year for assets not measurable at Level 1 of the fair value hierarchy.

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Resolution No. 4,967

CMN RESOLUTION
NO. 4,967, OF NOVEMBER 25, 2021

Establishes the criteria to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil in the accounting recognition, measurement, and disclosure of investment property and non-financial assets acquired for the purpose of future sale and generation of profits based on variations in their market prices.

The Central Bank of Brazil, under the terms of Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on November 25, 2021, based on Art. 4, items VIII and XII, of the aforementioned Law, and considering the provisions of Art. 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