RegAlert2024-08-23 | Instrução Normativa BCB 505Added
Instruction Normative BCB No. 505 — Amends Instruction Normative BCB No. 142 of August 16, 2021, Regarding Procedures for Submitting Financial Statements by Institutions in Extrajudicial Liquidation
Instruction Normative BCB No. 505 mandates that institutions in extrajudicial liquidation submit documents 4090 (Special Balance Sheet of the Substitute Liquidator) and 4096 (Opening Balance Sheet of the Extrajudicial Liquidation Regime) in XML format instead of the previous TXT format, effective for the January 2025 reporting date. The amendment aligns these documents with the updated Cosif accounting standard (version 1.5), which expanded the chart of accounts from five to six levels, and updates the submission validation schema to XSD. The change applies to all institutions subject to extrajudicial liquidation and aims to reduce regulatory costs by standardizing file formats and eliminating obsolete TXT requirements.
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Resolution No. 222
INSTRUCTION NORMATIVE
BCB NO. 505, OF AUGUST 23, 2024
Amends Instruction Normative BCB No. 142, of August 16, 2021, which disseminates the procedures for the submission of financial statements by institutions in extrajudicial liquidation, as provided for in Resolution BCB No. 13, of September 9, 2020.
The Head of the Department of Financial System Monitoring – Desig and the Head of the Resolution and Sanctioning Action Department – Derad, using the authority conferred upon them by Article 23, item I, letter “a” of the Internal Regulations of the Central Bank of Brazil, published through Resolution BCB No. 340, of September 21, 2023, based, respectively, on Articles 85, item I, letter “b” and 100, item III, letter “b”, item 1 of the aforementioned Regulations, and considering the provisions of Resolution BCB No. 13, of September 9, 2020,
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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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