RegAlert2024-11-21 | Resolução CMN 5185Added
CMN Resolution No. 5,185 of November 21, 2024, amending Resolution No. 4,818 of May 29, 2020, regarding financial statement preparation and disclosure criteria for financial institutions
This resolution amends Resolution No. 4,818 to mandate that financial institutions prepare and disclose a sustainability-related financial information report as part of their consolidated annual financial statements, adopting specific technical pronouncements from the Brazilian Sustainability Pronouncements Committee (CBPS 01 and 02). The obligation applies to open companies and prudential conglomerate leaders in categories S1 or S2 starting with the 2026 fiscal year, and to other institutions starting with the 2028 fiscal year. The sustainability report must undergo reasonable assurance by an independent auditor, while voluntary disclosures are subject to limited assurance, and the resolution explicitly excludes credit cooperatives from these requirements except for voluntary disclosures. The regulation enters into force on January 1, 2025, allowing segregated disclosure of financial statements within 180 days of the base date during the first year of implementation.
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Resolution No. 5,185
CMN RESOLUTION NO. 5,185, OF NOVEMBER 21, 2024
Amends Resolution No. 4,818, of May 29, 2020, which consolidates the general criteria for the preparation and disclosure of individual and consolidated financial statements 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 November 21, 2024, based on Articles 4, caput, items VIII and XII, of the aforementioned law, and Article 1, § 1, of Complementary Law No. 130, of April 17, 2009,
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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
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