INSTRUCTION NORMATIVE BCB NO. 522, OF SEPTEMBER 17, 2024

Consolidates the procedures for remitting Banking Statistics by commercial banks, multiple banks with commercial portfolios, and Caixa Econômica Federal.

The Head of the Department of Financial System Monitoring – Desig, in the exercise of the authority conferred 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 on Article 85, item I, letter “b” of the said Regulations, and considering the provisions of CMN Resolutions No. 4,911, of May 27, 2021, and No. 4,966, of November 25, 2021, Resolution BCB No. 352, of November 23, 2023, and Instruction Normatives BCB Nos. 426, 427, 428, 429, 430, 431, 432, and 433, all of December 1, 2023,

RESOLVES:

Art. 1. This Instruction Normative consolidates the procedures for remitting information related to Banking Statistics, as provided for in Article 3 of CMN Resolution No. 4,911, of May 27, 2021.

Sole Paragraph. The provisions of this Instruction Normative apply to commercial banks, multiple banks with commercial portfolios, and Caixa Econômica Federal.

Art. 2. The information referred to in Article 1 must be sent using document code 4500 - Banking Statistics, observing the instructions contained in the Annex to this Instruction Normative.

§ 1. The document referred to in the caput must:

I - contain the information of each of its branches, separately;

II - contain the information of the institution;

III - have as the base date the last day of the month;

IV - be sent monthly, until the last business day of the month following the respective base date.

§ 2. The information necessary for the preparation of the document indicated in this article is available on the Central Bank of Brazil’s website, at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

§ 3. The preparation of the document referred to in this article must be done observing the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif, defined in Instruction Normatives BCB Nos. 426, 427, 428, 429, 430, 431, 432, and 433, all of December 1, 2023.

Art. 3. The employee responsible for sending the information of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) of the institutions mentioned in Article 1 must be able to answer any questions regarding the remittance of the documents referred to in this Instruction Normative.

Art. 4. The indications of the responsible director, referred to in Article 5 of CMN Resolution No. 4,911, of 2021, and of the responsible employee, mentioned in Article 3 of this Instruction Normative, must be registered and kept updated in the Information System on Entities of Interest of the Central Bank – Unicad, as provided for in Resolution BCB No. 209, of March 22, 2022.

Art. 5. Document code 4510 - Global Banking Statistics is discontinued.

Art. 6. The following are revoked:

I - Instruction Normative BCB No. 194, of December 3, 2021; and

II - Instruction Normative BCB No. 502, of August 5, 2024.

Art. 7. This Instruction Normative enters into force:

I - on the date of its publication, regarding item II of Article 6;

II - on January 1, 2025, regarding item I of Article 6 and the other articles.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

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Annex to Instruction Normative BCB No. 522, of September 17, 2024

Document code and name: 4500 - Banking Statistics.

Base date: Last day of each month.

Remittance frequency: Monthly.

Deadline for remittance: Until the last business day of the month following the respective base date.

Unit responsible for curation: Desig.

Method of remittance: Electronic means.

System for remittance: File Transfer System (STA), as regulated and made available on this Agency’s website, at the address https://www.bcb.gov.br/acessoinformacao/sistematransferenciaarquivos.

Remittance format: Extensible Markup Language – XML.

Remittance validation schema: XML Schema Definition – XSD.

Remittance validation: Anticipated.

Additional elements for remittance: Layout, filling instructions, and other information, available on the Central Bank of Brazil’s website, at the address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

Director responsible for remittance: Director responsible for accounting.

Registration of the director responsible for remittance: Module “Links - Inclusion - Responsible Director for Area of Action” of Unicad.

Employee designated to answer questions: Designated according to Article 3 of this Instruction Normative.

Registration of the employee designated to answer questions: Module “Links - Inclusion - Internal Audit / Ombudsman / Resp. for Sending Information” of Unicad.

Electronic address for resolving doubts about remittance and document filling: cosif@bcb.gov.br.

NOTE

1. Documents 4500 - Monthly Banking Statistics, containing the information of each of the branches of the sending institution, separately, and 4510 - Global Banking Statistics, containing the aggregated information of the sending institution, regulated by CMN Resolution No. 4,911, of May 27, 2021, Resolution BCB No. 146, of September 28, 2021, and Instruction Normative BCB No. 194, of December 3, 2021, are prepared by commercial banks, multiple banks with commercial portfolios, and Caixa Econômica Federal. These documents are part of the list of accounting documents and must be sent to this Agency in accordance with the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif.

2. CMN Resolution No. 4,966, of November 25, 2021, and Resolution BCB No. 352, of November 23, 2023, concluded the process of harmonizing the accounting rules provided for in the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif with the international pronouncement IFRS 9 - Financial Instruments, issued by the International Accounting Standards Board – IASB.

3. To allow accounting bookkeeping in the Cosif chart of accounts to be aligned with the criteria and accounting procedures established in regulations issued by the CMN and the BCB, it was necessary to alter the items of the said chart of accounts, which resulted in the issuance of Instruction Normatives BCB (INs) Nos. 426, 427, 428, 429, 430, 431, 432, and 433, all of December 1, 2023. With the issuance of these INs, the Cosif was altered, including the addition of one more level to its list of accounts, increasing from the current 5 levels to 6, which will become effective from January 1, 2025. These alterations are referred to as “Cosif version 1.5”. As a direct consequence of these modifications, it is necessary to adjust documents 4500 and 4510 so that they can reflect the new list of accounts.

4. Another direct consequence of the alterations discussed in paragraph 3 is the need to restructure the Cosif System, which receives and processes accounting documents, including documents 4500 and 4510.

5. Accounting documents 4500 and 4510 are still prepared by Financial Institutions (IFs) in positional text format (TXT), a data transmission format that is obsolete. Maintaining documents in TXT format represents an additional cost not only for the Central Bank but also for the IFs. This is because the vast majority of other documents prepared and sent to this Central Bank are already in XML (eXtensible Markup Language) format. The XML format is within the domain of IFs and represents a huge evolution compared to TXT, being an open, structured, and easy-to-read format for both people and computers, in addition to allowing content validation, which makes document testing more effective and simpler to perform.

6. Due to restrictions, especially regarding time and personnel, the necessary alteration of the TXT and XML modules of the Cosif System would likely compromise the January 2025 deadline agreed upon for the entry into force of Cosif version 1.5. Therefore, to enable the reading of the new chart of accounts, it was decided to alter only the XML module of the Cosif System.

7. At this juncture, considering that institutions will have to alter the information to be sent to this Central Bank to align it with the new Cosif chart of accounts, and that it will be necessary to alter the current remittance format of information from TXT to XML, it is intended to eliminate document 4510 - Global Banking Statistics, maintaining the obligation to send only document code 4500, which will be renamed “Banking Statistics” and will contain all the information necessary for remittance to the Central Bank. The elimination of document 4510 will reduce the costs of generating and sending information by institutions, and the costs of reception and processing by the Central Bank, without reducing the informational content available to this Agency.

8. Decree No. 10,411, of June 30, 2020, regulates the conduct of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts. However, in its Article 3, the Decree establishes the hypotheses in which the conduct of AIR does not apply, and in its Article 4, the hypotheses for dispensing with the conduct of AIR. This BCB IN falls under the hypotheses provided for in item VI, § 2 of Article 3 - normative acts that aim to consolidate other norms on specific matters, without alteration of merit, and in items II, III, and VII of Article 4 of Decree No. 10,411, of 2020, namely, II - normative act intended to discipline rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives; III - normative act considered to have low impact; and VII - normative act that reduces requirements, obligations, restrictions, requests, or specifications with the objective of reducing regulatory costs.

9. In view of the issuance of the normative acts cited in paragraphs 2 and 3, and aiming to allow institutions to correctly ascertain and report Banking Statistics, there is no alternative other than to alter document 4500, thus justifying the classification of this Instruction Normative under item II of Article 4 of Decree No. 10,411, of 2020. It is understood that the alteration, both in format and content, is the simplest and lowest-cost implementation method, both for the entities and for this Central Bank, which also justifies its classification under item III of Article 4 of the said Decree. The classification of this normative act under item VII of Article 4 of the cited Decree is justified, as documents in the old and obsolete format will no longer be required, which will generate cost reduction, as already clarified. Finally, this instruction norm falls under item VI, § 2 of Article 3 because it consolidates the instruction norms that deal with the remittance of information to this Agency related to banking statistics.

10. Thus, based on the above discussed in paragraphs 8 and 9, I understand that the issuance of this Instruction Normative is exempt from the conduct of AIR.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

Head of the
Department of Financial System Monitoring – Desig