Instruction Normative BCB No. 497 of July 26, 2024

Resolution No. 222

INSTRUCTION NORMATIVE BCB NO. 497, OF JULY 26, 2024

Amends
Instruction Normative BCB No. 430, of December 1, 2023, which defines the accounting rubrics of the Equity group of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) for use by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Head of the Financial System Regulation Department (Denor), using the authority granted to him by art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on arts. 12 of Resolution CMN No. 4,858, of October 23, 2020, and 10 of Resolution BCB No. 92, of May 6, 2021,

R E S O L V E S:

Art. 1º Instruction Normative
BCB No. 430, of December 1, 2023, published in the Official Gazette of the Union on December 14 of 2023, shall enter into force with the following amendments:

"Art.
2º The institutions mentioned in art. 1º must register the items of equity in group 6.0.0.00.00.00-4 Equity, segregated into subgroups, observing the breakdowns and the respective codes and names of the accounts and functions defined in Annexes I and II, as detailed below:

........................................................................................................................."
(NR)

Art. 2º Instruction Normative
BCB No. 430, of 2023, shall enter into force with its Annexes I and II amended, in the manner of this Instruction Normative.

Art. 3º This Instruction Normative enters into force on August 1, 2024.

GILNEU FRANCISCO ASTOLFI VIVAN

"Annex I

List of Accounting Rubrics of Subgroup
6.1.0.00.00.00-7 EQUITY

Account Code	Account Name	Estban	Function
6.1.0.00.00.00-7	EQUITY	-
6.1.1.00.00.00-4	Social Capital	-
6.1.1.10.00.00-3	CAPITAL	610	Register the institution's capital, except for the capital highlighted from foreign banks with a branch in the Country, which must be registered in subtitle 6.1.1.20.29.00-7 Foreign Shares.
6.1.1.10.13.00-7	Ordinary Shares - Country	-
6.1.1.10.16.00-4	Non-Cumulative and Non-Redeemable Preferred Shares - Country	-
6.1.1.10.17.00-3	Other Preferred Shares - Country	-
6.1.1.10.23.00-4	Ordinary Shares - Foreign	-
6.1.1.10.26.00-1	Non-Cumulative and Non-Redeemable Preferred Shares - Foreign	-
6.1.1.10.27.00-0	Other Preferred Shares - Foreign	-
6.1.1.10.28.00-9	Shares - Country	-
6.1.1.10.29.00-8	Shares - Foreign	-
6.1.1.20.00.00-2	CAPITAL INCREASE	610	Register, while not approved by the Central Bank of Brazil, according to current regulations, the value of the capital increase in progress.
6.1.1.20.13.00-6	Ordinary Shares - Country	-
6.1.1.20.16.00-3	Non-Cumulative and Non-Redeemable Preferred Shares - Country	-
6.1.1.20.17.00-2	Other Preferred Shares - Country	-
6.1.1.20.23.00-3	Ordinary Shares - Foreign	-
6.1.1.20.26.00-0	Non-Cumulative and Non-Redeemable Preferred Shares - Foreign	-
6.1.1.20.27.00-9	Other Preferred Shares - Foreign	-
6.1.1.20.28.00-8	Shares - Country	-
6.1.1.20.29.00-7	Shares - Foreign	-
6.1.1.40.00.00-0	(-) CAPITAL REDUCTION	610	Register values related to the reduction of social capital, deliberated in a shareholders' meeting or quotists' meeting, until it is approved by the Central Bank of Brazil.
6.1.1.40.10.00-7	(-) Capital Reduction - Country	-
6.1.1.40.20.00-4	(-) Capital Reduction - Foreign	-
6.1.1.50.00.00-9	(-) CAPITAL TO BE REALIZED	610	Register the liabilities of shareholders or quotists for the integration of initial capital, as well as its increases, in kind.
6.1.1.60.00.00-8	APE - SAVINGS ASSOCIATES' RESOURCES	610	Register resources from savings associates of savings and loan associations.
6.1.1.60 10.00-5	Free Savings Deposits - Natural Persons	-	Register free-movement savings deposits held exclusively by natural person associates.
6.1.1.60 20.00-2	Free Savings Deposits - Legal Entities	-	Register free-movement savings deposits held exclusively by legal person associates.
6.1.1.60 30.00-9	Related Savings Deposits - Natural Persons	-	Register savings deposits owned by natural persons related to the institution, understood as its administrators and other members of statutory bodies, its controllers and companies controlled by them, directly or indirectly, and affiliates under common control.
6.1.1.60 40.00-6	Related Savings Deposits - Legal Entities	-	Register savings deposits owned by legal entities related to the institution, understood as its administrators and other members of statutory bodies, its controllers and companies controlled by them, directly or indirectly, and affiliates under common control.
6.1.1.70.00.00-7	INVESTMENT SHARES	-	Register share values, resulting from applications and redemptions by investors.
6.1.1.70.10.00-4	Shares to be Individualized	-	Register share values issued and redeemed that have not been individualized; the subtitle may present a credit or debit balance.
6.1.1.70.20.00-1	Natural Persons	-
6.1.1.70.30.00-8	Legal Entities	-
6.1.1.80.00.00-6	(+/-) VARIATIONS IN SHARE REDEMPTION	-	Register the value of variations resulting from share redemption at a value higher or lower than the issuance value.
6.1.3.00.00.00-8	Capital Reserves	-
6.1.3.10.00.00-7	SHARE PREMIUM RESERVE	610	Register the value of the subscriber's contribution to shares that exceeds the nominal value of these, as well as the part of the issuance price of shares without nominal value that exceeds the amount intended for the formation of social capital.
6.1.3.40.00.00-4	RESERVE FOR PAYMENTS BASED ON EQUITY INSTRUMENTS	610	Register values related to transactions with payment based on shares or other equity instruments to be settled with the delivery of equity instruments.
6.1.3.40.10.00-1	Own	-	Register values related to transactions with payment based on shares or other equity instruments to be settled with the delivery of the institution's own equity instruments.
6.1.3.40.20.00-8	From Affiliates	-	Register values related to transactions with payment based on shares or other equity instruments to be settled with the delivery of equity instruments of a controlled or controlling company of the institution.
6.1.3.99.00.00-6	OTHER CAPITAL RESERVES	610	Register capital reserves for which there is no specific account.
6.1.4.00.00.00-5	Revaluation Reserve	-
6.1.4.10.00.00-4	REVALUATION RESERVE	610	Register the value recognized in Revaluation Reserves prior to Law No. 11,638, of 2007, while not written off, according to current regulations.
6.1.5.00.00.00-2	Profit Reserves	-
6.1.5.10.00.00-1	LEGAL RESERVE	610	Register the reserve constituted in accordance with current legislation.
6.1.5.10.10.00-8	Legal Reserve	-	Register the reserve intended to ensure the integrity of social capital in accordance with current legislation.
6.1.5.10.20.00-5	Reserve Fund - Cooperatives	-	Register the reserve fund intended to repair losses or to attend to the development of the entity.
6.1.5.10.30.00-2	Reserve Fund - Cooperatives - Reverted Values	-	Register values reverted to reserve fund in compliance with art. 17-D of Complementary Law No. 130, of 2009.
6.1.5.20.00.00-0	STATUTORY RESERVES	610	Register reserves constituted by determination of the social statute.
6.1.5.30.00.00-9	RESERVES FOR CONTINGENCIES	610	Register the reserve intended to compensate, in future exercises, the decrease in profit resulting from a future loss, judged probable, whose value can be estimated.
6.1.5.40.00.00-8	RESERVES FOR EXPANSION	610	Register the retention of portions of net profit, provided for in a capital budget, proposed by management bodies and approved by the general assembly.
6.1.5.50.00.00-7	PROFIT RESERVES TO BE REALIZED	610	Register profit reserves to be realized in the manner of current legislation.
6.1.5.60.00.00-6	RESERVE FOR FISCAL INCENTIVES	610	Register the value of reserves constituted through the use of a portion of net profit resulting from donations and government subsidies for investments.
6.1.5.70.00.00-5	APE - RESERVE AND EMERGENCY FUNDS	610	Register reserve and emergency funds of savings and loan associations.
6.1.5.80.00.00-4	SPECIAL PROFIT RESERVES	610	Register undistributed capital remuneration, mandatory or proposed, which does not constitute a present obligation on the date of the balance sheet or statement of financial position.
6.1.5.80.10.00-1	Undistributed Mandatory Dividends	-	Register the value of undistributed mandatory dividends, according to current regulations.
6.1.5.80.20.00-8	Proposed Additional Dividends	-	Register the value of dividends declared after the accounting period to which the financial statements refer, but before the date of authorization of issuance of these statements, which exceeds the portion of the mandatory minimum dividend referred to in art. 202 of Law No. 6,404, of 1976, while not approved by the assembly or meeting of partners.
6.1.5.80.30.00-5	Undistributed Interest on Equity	-	Register the value of interest on equity imputed to undistributed mandatory dividends, according to current regulations.
6.1.5.80.40.00-2	Proposed Additional Interest on Equity	-	Register the value of interest on equity declared after the accounting period to which the financial statements refer, but before the date of authorization of issuance of these statements, not imputed to mandatory minimum dividends, while not approved by the assembly or meeting of partners.
6.1.5.80.50.00-9	Undistributed Interest on Cooperative Social Capital	-	Register the value of interest on social capital undistributed due to legal or regulatory impediment.
6.1.5.80.99.00-8	Others	-
6.1.6.00.00.00-9	Fair Value Adjustments	-
6.1.6.15.00.00-3	(+/-) NON-EQUITY FINANCIAL INSTRUMENTS CLASSIFIED AS FVTOCI	610	Register, net of tax effects, adjustments of non-equity financial instruments classified as fair value through other comprehensive income.
6.1.6.18.00.00-2	(+/-) EQUITY FINANCIAL INSTRUMENTS CLASSIFIED AS FVTOCI	610	Register, net of tax effects, adjustments of equity financial instruments classified as fair value through other comprehensive income.
6.1.6.20.00.00-7	(+/-) CASH FLOW HEDGE	610	Register the effective portion of the appreciation or depreciation resulting from the adjustment to market value, net of tax effects, of financial derivative instruments classified as cash flow hedge, with the adequate equity account as the counterpart.
6.1.6.20.05.00-2	(+/-) Own	-
6.1.6.20.25.00-6	(+/-) From Affiliates, Controlled and Jointly Controlled	-
6.1.6.25.00.00-2	(+/-) FOREIGN INVESTMENT HEDGE	610	Register, net of tax effects, the effective portion of the appreciation or depreciation of financial instruments contracted specifically or designated to compensate, in whole or in part, the risks resulting from exposure to exchange rate variation of dependence or investments in equity participation in an affiliate or controlled company abroad.
6.1.6.25.10.00-9	(+/-) Own - Financial Derivative Instruments	-
6.1.6.25.15.00-4	(+/-) Own - Non-Derivative Financial Instruments	-
6.1.6.25.20.00-6	(+/-) From Affiliates, Controlled and Jointly Controlled - Financial Derivative Instruments	-
6.1.6.25.25.00-1	(+/-) From Affiliates, Controlled and Jointly Controlled - Non-Derivative Financial Instruments.	-
6.1.6.30.00.00-6	(+/-) BUSINESS COMBINATION ADJUSTMENTS	610	Register the counterparts of increases or decreases in values attributed to elements of assets and liabilities, resulting from their fair value assessment, net of tax effects, while not included in the exercise result in compliance with the accrual basis, in the processes of incorporation, merger, and spin-off, with the adequate equity accounts as the counterpart.
6.1.6.40.00.00-5	(+/-) ACTUARIAL ASSESSMENT ADJUSTMENTS	610	Register gains or losses resulting from actuarial remeasurements of the net value of liability or asset of defined benefit plans that, according to Technical Pronouncement CPC 33 (R1) - Employee Benefits, approved by the Accounting Pronouncements Committee (CPC), on December 7, 2012, must be registered in equity, without effects on the exercise result.
6.1.6.50.00.00-4	(+/-) FOREIGN INVESTMENT EXCHANGE VARIATION ADJUSTMENTS	610	Register, net of tax effects, the gains or losses from exchange variation generated by the conversion of financial statements of investments abroad, which, according to current regulations, must be registered directly in equity.
6.1.6.60.00.00-3	(+/-) OWN CREDIT RISK	610	Register, net of tax effects, the portion of the variation in the fair value of a derivative financial liability measured at level 2 or 3 of the fair value hierarchy resulting from changes in the institution's own credit risk.
6.1.6.65.00.00-8	(-) GOODWILL IN NEW ACQUISITIONS OF CONTROLLED ENTITIES	610	Register, net of tax effects, the goodwill from expected future profitability (goodwill) eventually resulting from the acquisition of a new participation in an entity of which the investor has control.
6.1.6.70.00.00-2	(+/-) ACQUISITIONS OF PARTICIPATIONS BETWEEN GROUP ENTITIES	610	Register the value of any difference between the acquisition value and the book value of the investee's equity in operations of acquiring participations between entities of the same economic group.
6.1.6.90.00.00-0	(+/-) OTHER FAIR VALUE ADJUSTMENTS	610	Register gains or losses resulting from the revaluation of assets and liabilities, net of tax effects, which, by force of law or infra-legal normative act, must be registered in equity, without effects on the exercise result, for which there is no specific account.
6.1.7.00.00.00-6	Accumulated Surplus or Losses	-
6.1.7.10.00.00-5	ACCUMULATED SURPLUS OR LOSSES	-	Register the remaining balance of surpluses or losses of credit cooperatives.
6.1.8.00.00.00-3	Accumulated Profits or Losses	-
6.1.8.10.00.00-2	ACCUMULATED PROFITS OR LOSSES	610	Register the remaining balance of profits (or losses), after reversals, adjustments, and allocations.
6.1.8.80.00.00-5	PREVIOUSLY PAID CAPITAL REMUNERATION	610	Register capital remuneration paid before its declaration.
6.1.8.80.10.00-2	(-) Previously Paid Dividends	-
6.1.8.80.20.00-9	(-) Previously Paid Interest on Equity	-
6.1.8.80.90.00-8	(-) Other Previously Paid Capital Remunerations.	-
6.1.8.90.00.00-4	(+/-) UNREALIZED CAPITAL GAINS OR LOSSES	-	Register the value of unrealized capital gains, resulting from market appreciations of assets and rights of the liquidating entity, incorporated into the account title itself, and of unrealized capital losses, resulting from market depreciations of assets and rights of the liquidating entity regarding credit operations, leasing operations, other credits, and fixed assets for use.
6.1.9.00.00.00-0	(-) Treasury Shares.	-
6.1.9.10.00.00-9	(-) TREASURY SHARES	610	Register the value of own shares acquired to remain in treasury or for cancellation.
6.1.9.10.10.00-6	(-) Authorized to Compose Principal Capital	-	Register the value of shares authorized to compose principal capital maintained in treasury.
6.1.9.10.30.00-0	(-) Authorized to Compose Supplementary Capital	-	Register the value of shares that, according to current regulations, are authorized to compose principal capital and that are maintained in treasury.
6.1.9.10.50.00-4	(-) Authorized to Compose Level II	-	Register the value of shares that, according to current regulations, are authorized to compose Level II of Capital and that are maintained in treasury.

" (NR)

"Annex II

List of Accounting Rubrics of Subgroup
6.4.0.00.00.00-6 NON-CONTROLLING INTERESTS

Account Code	Account Name	Estban	Function
6.4.0.00.00.00-6	NON-CONTROLLING INTERESTS	-
6.4.1.00.00.00-3	Non-Controlling Interests	-
6.4.1.10.00.00-2	NON-CONTROLLING INTERESTS	-	Register, in consolidated documents, by the leading institution of the prudential conglomerate, the non-controlling interests, separately from the equity attributed to the controlling company's owners.
6.4.1.10.10.00-9	Authorized to Operate by BCB - Portion Held by the Leader's Controller	-	Register the non-controlling interest in an institution authorized to operate by the Central Bank of Brazil held, directly or indirectly, by the controller of the leading institution of the conglomerate.
6.4.1.10.20.00-6	Authorized to Operate by BCB	-	Register the remaining non-controlling interests in institutions authorized to operate by the Central Bank of Brazil not covered by subtitle 6.4.1.10.10.00-9 Authorized to Operate by BCB - Portion Held by the Leader's Controller.
6.4.1.10.30.00-3	Entities Abroad	-	Register the non-controlling interest in a controlled entity located abroad that performs activity equivalent to that of a financial institution in Brazil.
6.4.1.10.80.00-8	Controlled FIDC	-	Register the non-controlling interest in credit rights investment funds (FIDC) controlled, in accordance with current regulations.
6.4.1.10.90.00-5	Other Controlled Investment Funds	-	Register the non-controlling interest in other controlled investment funds, in accordance with current regulations.
6.4.1.10.99.00-6	Other Entities	-	Register the non-controlling interest in a controlled entity for which there is no specific subtitle.

" (NR)

NOTE 482/2024 – BCB/DENOR, OF JULY 26, 2024

Justifies proposal for the issuance of an instruction normative that alters accounting rubrics of the Equity group of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Dear Head of Denor,

This Note justifies the proposal for the issuance of an instruction normative that alters accounting rubrics of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), according to the competence of the Financial System Regulation Department (Denor), using the authority granted in art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil (BCB), annexed to Resolution BCB No. 340, of September 21, 2023, based on arts. 12 of Resolution CMN No. 4,858, of October 23, 2020, and 10 of Resolution BCB No. 92, of May 6, 2021.

2.           After completion  
   

of the harmonization process of the accounting standards provided for in Cosif with the international pronouncement IFRS 9 – Financial Instruments, issued by the International Accounting Standards Board (IASB), it was necessary to make changes to the structure of the account plan of Cosif, in order to allow the creation of new rubrics and to meet the needs derived from the implementation of international standards.

3.           Thus, in December  
   

of 2023, based on Resolution BCB No. 92, of May 6, 2021, instructions normative were issued consolidating the structure of the Cosif account plan, with validity starting from January 2025. However, after the issuance of the instructions normative, it was verified the need to make some adjustments, in order to incorporate new changes to the account structure, correct improprieties and improve the quality of the information provided. Furthermore, modifications were made to the account plan structure itself, with the issuance of Resolution BCB No. 390, of June 12, 2024, which altered Resolution BCB No. 92, of 2021, ending the attribute of accounting rubrics. Thus, it is necessary to adjust the instructions normative issued previously.

4.           Regarding  
   

Instruction Normative BCB No. 430, of December 1, 2023, which defines the accounting rubrics of the Equity group of the Cosif account list, in addition to the exclusion, in all annexes, of the column referring to the attribute, the following changes were implemented:

Proposal
6.1.1.20.00.00-2 CAPITAL INCREASE	Change
6.1.4.00.00.00-5 Revaluation Reserve	Inclusion
6.1.4.10.00.00-4 REVALUATION RESERVE	Inclusion
6.1.6.15.10.00-0 (+/-) Own	Exclusion
6.1.6.15.20.00-7 (+/-) From Affiliates, Controlled and Jointly Controlled	Exclusion
6.1.6.18.10.00-9 (+/-) Own	Exclusion
6.1.6.18.20.00-6 (+/-) From Affiliates, Controlled and Jointly Controlled	Exclusion
6.1.9.10.10.00-6 (-) Authorized to Compose Principal Capital	Change
6.1.9.10.30.00-0 (-) Authorized to Compose Supplementary	Change
6.1.9.10.50.00-4 (-) Authorized to Compose Level II	Change

5.           Finally,  
   

in compliance with the provisions of art. 5º of Law No. 13,874, of September 20, 2019, Decree No. 10,411, of June 30, 2020, determines that proposals for normative acts of general interest of economic agents formulated by bodies and entities of the direct, autonomous, and foundation federal administration, as well as by collegiate bodies through the body or entity responsible for providing administrative support, must be preceded by a Regulatory Impact Analysis (AIR).

---

6. However, as provided for in Article 4, items II, IV, and VII, of that Decree, the obligation to prepare a Regulatory Impact Assessment (AIR) may be waived for a normative act that aims to discipline rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, that aims to update or revoke norms considered obsolete, without alteration of merit, and also for normative acts that reduce requirements, obligations, restrictions, requests, or specifications with the objective of reducing regulatory costs. Thus, in light of these provisions, the proposed Instruction Normative is exempt from the preparation of a Regulatory Impact Assessment (AIR).

For your consideration.

UVERLAN RODRIGUES PRIMO
Adjunct Chief

Agreed.

GILNEU FRANCISCO ASTOLFI VIVAN
Department Head