CMN Resolution No. 5,244 — Amends CMN Resolution No. 4,966 of November 25, 2021, regarding accounting concepts and criteria for financial instruments and hedge accounting

Resolution No. 5,244

RESOLUTION
CMN No. 5,244, OF AUGUST 28, 2025

Amends
CMN Resolution No. 4,966, of November 25, 2021, which disposes on the concepts and accounting criteria applicable to financial instruments, as well as for the designation and recognition of protection relationships (hedge accounting) by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the Monetary National Council, in a session held on August 28, 2025, based on Art. 4, caput, items VIII and XII, of the aforementioned Law, and taking into account the provisions of Art. 61 of Law No. 11,941, of May 27, 2009,

R E S O L V E D:

Art. 1º CMN Resolution
No. 4,966, of November 25, 2021, published in the Official Gazette of the Union on November 29, 2021, shall enter into force with the following alterations:

“Art. 3º ...................................................................................................................................

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§ 6º The requirement set forth in item II of § 4 is exceptionally waived for financial instruments that, due to their nature and payment structure, have provision for periodic payments with intervals equal to or greater than three months, provided it is proven that the evidence referred to in item IV of § 4 was observed during, at least, the ninety days prior to the date of derecognition of the asset as having credit recovery problems.” (NR)

“Art. 49. ..................................................................................................................................

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§ 2º The instruments derecognized under the terms of this article that cease to meet the condition set forth in the caput must be:

I - recognized in accordance with Arts. 22 and 23, in the case of restructuring or renegotiation, or at the present value of the best estimate of the amounts to be received, in other cases; and

II - characterized as an asset with credit recovery problems, with a provision for expected losses associated with credit risk equal to 100% (one hundred percent) of the value of the instrument.

.......................................................................................................................................” (NR)

Art. 2º This Resolution enters into force on September 1, 2025.

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil