CMN Resolution No. 5,295 of April 23, 2026

VOTE

CMN RESOLUTION NO.
5,295, OF APRIL 23, 2026

Amends Resolution No. 4,222, of May 23, 2013, which provides for the contributions to be paid by associated institutions, the conditions for utilizing the special guarantee, the types of associated institutions, and the statute and regulations of the Credit Guarantee Fund – FGC, to establish new rules regarding the additional contribution and the conditions under which institutions associated with the FGC must maintain amounts allocated in federal public bonds.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on April 23, 2026, based on Arts. 3, main paragraph, item VI, and 4, main paragraph, item VIII, of the aforementioned Law and Art. 28, § 1, of Complementary Law No. 101, of May 4, 2000,

RESOLVES:

Art. 1 The Resolution No. 4,222, of May 23, 2013, published in the Official Gazette of the Union on May 24, 2013, shall enter into force with the following alterations:

“Art. 2-A The ordinary monthly contribution shall be increased by an additional contribution when the Reference Value exceeds four times the Adjusted Net Equity and 60% (sixty percent) of the Reference Deposits of the associated institution, calculated in the previous month.

§ 1 The additional monthly contribution shall be calculated according to the following formula:

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(NR)

“
Art. 2-B The institution associated with the FGC must maintain an amount allocated exclusively in federal public bonds when the Reference Value exceeds:

I

• six times the Adjusted Net Equity and 80% (eighty percent) of the Reference Deposits;

II

• ten times the Adjusted Net Equity; or

III

• the Reference Asset.

§ 1 When the institution presents the conditions established in item I of the main paragraph, the amount to be allocated in federal public bonds – MA TPF is calculated on the base date of the additional contribution assessment according to the following formula:

MA TPF = max {(VR_Excess – f n x VR_Excess 30.11.2023); 0}, where:

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§ 3-A When the institution presents the condition established in item II of the main paragraph, the MA TPF is calculated on the base date of the additional contribution assessment according to the following formula:

MA TPF = f’ n x (VR – 10 x PLA), where f’ n is:

I - f’ 0 = 0.05 (five hundredths), from July 1, 2026;

II - f’ 1 = 0.15 (fifteen hundredths), from January 1, 2027;

III - f’ 2 =

0.30 (thirty hundredths), from July 1, 2027;

IV - f’ 3 =
0.60 (sixty hundredths), from January 1, 2028; and

V - f’ 4 = 1 (one), from July 1, 2028.

§ 3-B When the institution presents the condition established in item III of the main paragraph, the MA TPF is calculated on the base date of the additional contribution assessment according to the following formula:

MA TPF = f’’ n x
(VR – AR), where:

I - AR is the Reference Asset calculated on the base date of the additional contribution assessment; and

II - f’’ n is:

a) f’’ 0 = 0.05 (five hundredths), from July 1, 2026;

b) f’’ 1 = 0.15 (fifteen hundredths), from January 1, 2027;

c) f’’ 2 =

0.30 (thirty hundredths), from July 1, 2027;

d) f’’ 3 =
0.60 (sixty hundredths), from January 1, 2028; and

e) f’’ 4 = 1 (one), from July 1, 2028.

§ 3-C When the institution cumulatively presents more than one of the conditions established in items I to III of the main paragraph, it must consider as the value of the MA TPF the largest amount calculated according to the methodologies established for the aforementioned items.

§ 4
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I - shall establish the method for calculating the Reference Asset, for the purposes of this Resolution, and the procedures regarding the calculation of the MA TPF and the registration of federal public bonds allocated pursuant to the provisions of this article; and

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(NR)

Art. 2 Resolution CMN No. 5,238, of August 1, 2025, published in the Official Gazette of the Union on August 5, 2025, is hereby revoked.

Art. 3 This Resolution enters into force on June 1, 2026.

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil