Instruction Normative BCB No. 571 — Amends Instruction Normative BCB No. 524 of September 18, 2024, regarding daily information submission to the Central Bank of Brazil

INSTRUCTION NORMATIVE BCB NO. 571, OF DECEMBER 20, 2024

Amends Instruction Normative BCB No. 524, of September 18, 2024, which establishes the procedures for the daily submission of information to the Central Bank of Brazil regarding accounting balances of an active and passive nature and the financial volume of payment transactions carried out on the day, as provided for in Article 2, items I and III, of Resolution BCB No. 208, of March 22, 2022.

The Head of the Department of Financial System Monitoring – Desig, in the exercise of the powers conferred upon him 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 said Regulations, and having in view the provisions of Article 2, items I and III of Resolution BCB No. 208, of March 22, 2022, and of Instruction Normative BCB No. 538, of November 5, 2024,

R E S O L V E :

Art. 1º This Instruction Normative amends Instruction Normative BCB No. 524, of September 18, 2024, published in the Official Gazette of the Union on September 25, 2024, which establishes the procedures for the daily submission of information to the Central Bank of Brazil regarding accounting balances of an active and passive nature and the financial volume of payment transactions carried out on the day, as provided for in Article 2, caput, items I and III, of Resolution BCB No. 208, of March 22, 2022.

Art. 2º Instruction Normative BCB No. 524, of 2024, published in the Official Gazette of the Union on September 25, 2024, shall enter into force with the following alterations:

“Art. 7º ...................................................................................................................................

I - 3.0.9.70.00.00-3 - Payment Transactions Performed in the Month.

Sole Paragraph. The information referred to in the caput corresponds to the value of the financial volume of payment transactions, cumulatively considering payments, transfers, and withdrawals of resources, regardless of the existence of any underlying obligation between the payer and the payee, carried out during the month.” (NR)

Art. 3º This Instruction Normative enters into force on January 1, 2025.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

NOTE

The document with code 4111 - Daily Accounting Balances, containing information related to daily deposits registered in accounting positions, of an active and passive nature, and to the financial volume of payment transactions carried out on the day, by financial institutions and other institutions authorized to operate by the Central Bank of Brazil – IFs, classified in Segment 1 – S1, in Segment 2 – S2, in Segment 3 – S3 or in Segment 4 – S4, or electronic money issuers, was created based on Article 2, items I and III, of Resolution BCB No. 208, of March 22, 2022, and its preparation and submission were regulated by Instruction Normative BCB No. 101, of April 26, 2021.

2. Instruction Normative BCB No. 538, of November 5, 2024, included in the Accounting Plan of Institutions regulated by the Central Bank of Brazil (Cosif) the accounting rubric 3.0.9.70.00.00-3 - Payment Transactions Performed in the Month, which has the function of registering the value of the financial volume of monthly payment transactions. This rubric cumulatively considers payments, transfers, and withdrawals of resources, regardless of the existence of any underlying obligation between the payer and the payee, carried out during the month. The creation of this accounting rubric was a demand from the institutions themselves to have a more adequate accounting rubric for monthly registration. The currently requested rubric 3.0.9.71.00.00-6 - Payment Transactions Performed, is intended for the registration of the average monthly value of the financial volume of payment transactions carried out in the twelve months prior to the base date, which requires additional controls.

3. Thus, this Instruction Normative aims to replace the daily accounting rubric for recording the financial volume of payment transactions performed with a more adequate rubric, as requested by the institutions.

4. Decree No. 10.411, of June 30, 2020, regulates the carrying out of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts. However, in its Article 4, the Decree establishes the hypotheses for exemption from carrying out AIR. This BCB IN falls under the hypotheses provided for in item IV - normative act that aims at the updating or revocation of norms considered obsolete, without alteration of merit.

5. In view of what is described in paragraph 2, it is verified that a more adequate accounting rubric was created for the registration of the monthly financial volume of payment transactions, which will allow for more adequate monitoring of this balance. With this, there is a need to update Instruction Normative BCB No. 524, of September 18, 2024, which justifies the classification of this Instruction Normative under item IV of Article 4 of Decree No. 10.411, of 2020.

6. Thus, based on what is set out in paragraphs 4 and 5, I understand that the issuance of this Instruction Normative is exempt from carrying out AIR.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

Head of the Department of Financial System Monitoring