CMN Resolution No. 5,199 of December 23, 2024

Voto

RESOLUTION
CMN NO. 5,199, OF DECEMBER 23, 2024

Amends
Resolution CMN No. 4,955, of October 21, 2021, which provides for the methodology for calculating the Reference Equity – RE, and Resolution No. 4,606, of October 19, 2017, which provides for the optional simplified methodology for calculating the minimum requirement for Simplified Reference Equity – SRE5.

The Central Bank of
Brazil, in accordance with art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on December 23, 2024, based on arts. 3, caput, item VI, and 4, caput, items VIII and XI, of the aforementioned law, 20, § 1, of Law No. 4,864, of November 29, 1965, 7 and 23 of Law No. 6,099, of September 12, 1974, and 1, § 1, and 12 of Complementary Law No. 130, of April 17, 2009,

R E S O L V E D:

Art.
1º Resolution CMN No. 4,955, of October 21, 2021, published in the Official Gazette of the Union on October 25, 2021, shall enter into force with the following changes:

“Art. 4º .....................................................................................................................

I - ...............................................................................................................................

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g) to the balance of the positive adjustment to the market value of derivative financial instruments used for cash flow hedge;

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i) to the absolute value of the negative adjustment recorded in net equity, resulting from the application, on January 1, 2025, of the criteria for establishing provisions for expected losses provided for in Resolution CMN No. 4,966, of November 25, 2021, and in accordance with the floors established by the Central Bank of Brazil, observing the applicable percentages as per § 9; and

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§ 8º The negative adjustment calculated on day January 1, 2025, mentioned in item I, letter “i”, of the caput must be net of tax effects and consider the totality of financial instruments subject to the establishment of provisions for losses associated with credit risk, in accordance with Resolution CMN No. 4,966, of November 25, 2021.

§
9º The value referred to in item I, letter “i”, of the caput must be multiplied by:

I

• 75% (seventy-five percent), until December 31, 2025;

II

• 50% (fifty percent), from January 1, 2026 to December 31, 2026;

III

• 25% (twenty-five percent), from January 1, 2027 to December 31,
  2027; and

IV

• 0% (zero percent), from January 1, 2028.” (NR)

Art. 2º Resolution No. 4,606, October 19, 2017, published in the Official Gazette of the Union on October 23, 2017, shall enter into force with the following changes:

“Art. 8º
.....................................................................................................................

I - ...............................................................................................................................

...................................................................................................................................

e) to credit result accounts;

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g) to the absolute value of the negative adjustment recorded in net equity, resulting from the application, on January 1, 2025, of the criteria for establishing provisions for expected losses provided for in Resolution CMN No. 4,966, of November 25, 2021, and in accordance with the floors established by the Central Bank of Brazil, observing the applicable percentages as per § 4; and

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§
3º The negative adjustment calculated on day January 1, 2025, mentioned in item I, letter “g”, of the caput must be net of tax effects and consider the totality of financial instruments subject to the establishment of provisions for losses associated with credit risk, in accordance with Resolution CMN No. 4,966, of November 25, 2021.

§
4º The value referred to in item I, letter “g”, of the caput must be multiplied by:

I

• 75% (seventy-five percent), until December 31, 2025;

II

• 50% (fifty percent), from January 1, 2026 to December 31, 2026;

III

• 25% (twenty-five percent), from January 1, 2027 to December 31,
  2027; and

IV

• 0% (zero percent), from January 1, 2028.” (NR)

Art. 3º This Resolution enters into force on January 1, 2025.

GABRIEL
MURICCA GALÍPOLO
President of the Central
Bank of Brazil (substitute)