RegAlert2024-11-05 | Instrução Normativa BCB 542Added
Instruction Normative BCB No. 542 — Amends Instruction Normative BCB No. 432 of December 1, 2023, Defining Accounting Items for the Debtor Result Group of the Cosif Chart of Accounts
Instruction Normative BCB No. 542 amends the Cosif chart of accounts by adding, excluding, and modifying specific accounting items within the Debtor Result group. The regulation adds new codes for Development Credit Notes, prepaid payment accounts, and payment transactions, while removing older payment transaction codes and updating entries for bonds, loans, options, and tax provisions. These changes take effect on November 11, 2024, and apply to financial institutions and other entities authorized by the Central Bank of Brazil to align with IFRS 9 standards and correct previous improprieties.
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Resolution No. 222
INSTRUCTION NORMATIVE
BCB No. 542, OF NOVEMBER 5, 2024
Amends
Instruction Normative BCB No. 432, of December 1, 2023, which defines the accounting items of the Debtor Result group in the chart of accounts 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 Department of Regulation of the Financial System (Denor), in the exercise of the authority conferred upon 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 CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021,
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Lineage: In force
Timeline
This document amends: Normative Instruction BCB No. 432 of December 1, 2023
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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