RegAlertRule · BCB · 28 Jan 2025 · Instrução Normativa BCB 584
Instruction Normative BCB No. 584 — Details Accounting Items for Simplified Reference Equity Requirements and Risk-Weighted Assets
Instruction Normative BCB No. 584 details the specific accounting items from the National Financial System Accounting Plan (Cosif) required to calculate the minimum Simplified Reference Equity (PRS5) and Payment Institution Reference Equity (PRIP) requirements, as well as the simplified Risk-Weighted Assets (RWAS5) and Payment Institution Risk-Weighted Assets (RWAIP). The regulation establishes detailed formulas and account mappings across seven annexes for capital, prudential adjustments, fixed asset limits, and various risk exposures, while revoking previous circulars and instructions. Institutions opting for the S5 regime and Type 2 institutions are exempt from submitting this information, though they remain responsible for ensuring compliance with the minimum equity requirements.
INSTRUCTION NORMATIVE BCB NO. 584, OF JANUARY 28, 2025
Details the accounting items to be used in the calculation of the minimum requirements for Simplified Reference Equity – PRS5 and Payment Institution Reference Equity – PRIP; and the amounts of risk-weighted assets in simplified form – RWAS5 and risk-weighted assets for payment institutions – RWAIP.
The Head of the Prudential and Exchange Regulation Department – Dereg, in the exercise of the powers conferred upon him by art. 23, item I, letter “a”; and art. 119, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, attached to Resolution BCB No. 340, of September 21, 2023, and having in view the provisions of arts. 8 and 11 of Resolution No. 4,606, of October 19, 2017, arts. 3 and 6 of Resolution BCB No. 198, of March 11, 2022, arts. 7 and 9 of Resolution BCB No. 201, of March 11, 2022, Circulars No. 3,861 and 3,863, both of December 7, 2017, Resolution BCB No. 202, of March 11, 2022, and Resolution BCB No. 437, of November 28, 2024,
RESOLVES:
Art. 1. The components provided for in the Accounting Plan of the Institutions of the National Financial System – Cosif for the calculation of the minimum requirements for Simplified Reference Equity – PRS5 and Payment Institution Reference Equity – PRIP; and the amounts of risk-weighted assets in simplified form – RWAS5 and risk-weighted assets for payment institutions – RWAIP are detailed:
I - in Annex I of this Instruction Normative, for the PRS5 and PRIP amounts, which are dealt with in Resolution No. 4,606, of October 19, 2017 and Resolutions BCB No. 198 and 201, both of March 11, 2022, as applicable;
II - in Annex II, for the calculation of the limit on the application of resources in Permanent Assets, which are dealt with in Resolution No. 4,606, of October 19, 2017 and Resolution BCB No. 201, of March 11, 2022, as applicable;
III - in Annex III, for exposures in gold, in foreign currency and in assets subject to exchange rate variation through the simplified standardized approach – RWACAMSimp, which is dealt with in Circular No. 3,861, of December 7, 2017;
IV - in Annex IV, for exposures and non-exposures to credit risk subject to the calculation of the capital requirement through the simplified standardized approach – RWARCSimp, which is dealt with in Resolution BCB No. 437, of November 28, 2024;
V - in Annex V, for the calculation of the capital required for operational risk through the simplified standardized approach – RWAROSimp, which is dealt with in Circular No. 3,863, of December 7, 2017, from the base date of June 30, 2025; (Amended by Instruction Normative BCB No. 598, of 3/26/2025.)
VI - in Annex VI, for the calculation of the capital required for risks associated with payment services – RWASP, which are dealt with in Resolutions BCB No. 198 and 202, both of March 11, 2022; and (Amended by Instruction Normative BCB No. 598, of 3/26/2025.)
VII - in Annex VII, for the calculation of the capital required for operational risk through the simplified standardized approach – RWAROSimp, which is dealt with in Circular No. 3,863, of December 7, 2017, for the base date of December 31, 2024 and previous base dates. (Included by Instruction Normative BCB No. 598, of 3/26/2025.)
§ 1. If any of the formulas presented in Annexes II to VII of this Instruction Normative results in a negative value, the value zero must be adopted. (Amended by Instruction Normative BCB No. 598, of 3/26/2025.)
§ 2. In the formulas presented in Annexes I to VII, the expressions “abs(.)” and “abs [.]” correspond to the absolute value of the element included in parentheses or brackets. (Amended by Instruction Normative BCB No. 598, of 3/26/2025.)
§ 3. In the event of a subsequent change in the Cosif or in the hierarchically superior normative acts mentioned in the caput that renders the details established in the Annexes to this Instruction Normative inapplicable, imprecise or insufficient, the specific accounting items that correspond to the descriptions contained in the Circulars and Resolutions mentioned in the items of the caput must be considered.
§ 4. For the purposes of calculating RWAROSimp on the base date of December 31, 2024 and previous base dates, the accounting items in force during the calculation period must be used, according to Annex VII. (Included by Instruction Normative BCB No. 598, of 3/26/2025.)
Art. 2. Institutions opting for S5 and those of Type 2 are exempt from preparing and sending to the Central Bank of Brazil the information dealt with in this Instruction Normative, as established in art. 7 of Resolution BCB No. 69, of February 10, 2021.
Sole Paragraph. The exemption referred to in the caput does not imply exemption from responsibility on the part of the institutions regarding the knowledge of the RWAS5 and RWAIP amounts and consequent observance of the minimum PRS5 and PRIP requirements provided for in Resolution No. 4,606, of October 19, 2017, and in Resolutions BCB No. 198 and 201, both of March 11, 2022, as applicable.
Art. 3. The following are revoked:
I - Letter-Circulars No. 3,850, 3,851, 3,852, 3,853 and 3,854, all of December 19, 2017 and published in the Official Gazette of the Union – DOU on December 21, 2017; and
II - Instruction Normative BCB No. 389, of June 6, 2023, published in the DOU on June 7, 2023.
Art. 4. This Instruction Normative enters into force on January 31, 2025.
RICARDO FRANCO MOURA
Annex I
| No | Relevant Resolution Provisions | Value – V and accounting items |
|---|---|---|
| Regulatory Capital, gross of prudential adjustments: | ||
| 1 | Res No. 4,606, art. 8, caput, item I, letter “a”; Res BCB No. 198, art. 3, caput, item I, letter “a”; and Res BCB No. 201, art. 7, caput, item I, letter “a”. | Social Capital: V = {(i) – (ɑ1) – (ɑ2) – max[0; (ɑ3) - abs(ɑ4)]} + [(ii) - (ɑ5) – (ɑ6)], in which: (i) 6.1.1.00.00.00-4: Social Capital; (a1) 6.1.1.10.17.00-3: Other Preferred Shares - Country; (a2) 6.1.1.10.27.00-0: Other Preferred Shares - Abroad; (a3) 6.1.1.20.00.00-2: CAPITAL INCREASE; (a4) 6.1.1.50.00.00-9: (-) CAPITAL TO BE REALIZED; (ii) 6.4.0.00.00.00-6: NON-CONTROLLING INTERESTS; (a5) 6.4.1.10.80.00-8: Controlled FIDCs; and (a6) 6.4.1.10.90.00-5: Other Controlled Investment Funds. |
| 2 | Res No. 4,606, art. 8, caput, item I, letter “b”; Res BCB No. 198, art. 3, caput, item I, letter “b”; and Res BCB No. 201, art. 7, caput, item I, letter “b”. | Capital, revaluation and profit reserves: V = (i) + (ii) + (iii), in which: (i) 6.1.3.00.00.00-8: Capital Reserves; (ii) 6.1.4.00.00.00-5: Revaluation Reserves; and (iii) 6.1.5.00.00.00-2: Profit Reserves. |
| 3 | Res No. 4,606, art. 8, caput, item I, letter “c”; Res BCB No. 198, art. 3, caput, item I, letter “c”; and Res BCB No. 201, art. 7, caput, item I, letter “c”. | Unrealized gains resulting from asset valuation adjustments: V = (i), if (i) ≥ 0, in which: (i) 6.1.6.00.00.00-9: Asset Valuation Adjustments. |
| 4 | Res No. 4,606, art. 8, caput, item I, letter “d”; Res BCB No. 198, art. 3, caput, item I, letter “d”; and Res BCB No. 201, art. 7, caput, item I, letter “d”. | Surplus or accumulated profits: V = (i) + (ii), if (i) or (ii) ≥ 0, in which: (i) 6.1.7.00.00.00-6: Surplus or Accumulated Losses; and (ii) 6.1.8.00.00.00-3: Accumulated Profits or Losses. |
| 5 | Res No. 4,606, art. 8, caput, item I, letter “e”; Res BCB No. 198, art. 3, caput, item I, letter “e”; and Res BCB No. 201, art. 7, caput, item I, letter “e”. | Creditor result accounts: 7.0.0.00.00.00-3: Creditor Result. |
| 6 | Res No. 4,606, art. 8, caput, item I, letter “f”; Res BCB No. 198, art. 3, caput, item I, letter “f”; and Res BCB No. 201, art. 7, caput, item I, letter “f”. | Deposit to cover capital deficiency: 4.9.3.55.00.00-4: DEPOSIT FOR GUARANTEE OF REQUIRED EQUITY. |
| 7 | Res No. 4,606, art. 8, caput, item I, letter “g”; Res BCB No. 198, art. 3, caput, item I, letter “g”; and Res BCB No. 201, art. 7, caput, item I, letter “g”. | Absolute value of the negative adjustment recorded in equity: V = (i) X (ii), in which: (i) 3.0.9.90.00.00-1: NEGATIVE EXPECTED LOSS ADJUSTMENTS - CONTROL; and (ii) the percentage defined in the respective Resolution. |
| 8 | Res No. 4,606, art. 8, caput, item II, letter “a”; Res BCB No. 198, art. 3, caput, item II, letter “a”; and Res BCB No. 201, art. 7, caput, item II, letter “a”. | Unrealized losses resulting from asset valuation adjustments: V = (i), if (i) < 0, in which: (i) 6.1.6.00.00.00-9: Asset Valuation Adjustments. |
| 9 | Res No. 4,606, art. 8, caput, item II, letter “b”; Res BCB No. 198, art. 3, caput, item II, letter “b”; and Res BCB No. 201, art. 7, caput, item II, letter “b”. | Shares or other instruments of own issuance acquired: 6.1.9.00.00.00-0: (-) Treasury Shares. |
| 10 | Res No. 4,606, art. 8, caput, item II, letter “c”; Res BCB No. 198, art. 3, caput, item II, letter “c”; and Res BCB No. 201, art. 7, caput, item II, letter “c”. | Accumulated losses or deficits: V = (i) + (ii), if (i) or (ii) < 0, in which: (i) 6.1.7.00.00.00-6: Surplus or Accumulated Losses; and (ii) 6.1.8.00.00.00-3: Accumulated Profits or Losses. |
| 11 | Res No. 4,606, art. 8, caput, item II, letter “d”; Res BCB No. 198, art. 3, caput, item II, letter “d”; and Res BCB No. 201, art. 7, caput, item II, letter “d”. | Debtor result accounts: 8.0.0.00.00.00-2: Debtor Result. |
| Prudential Adjustments: | ||
| 12 | Res No. 4,606, art. 9, caput, items I, II and IV; Res BCB No. 198, art. 4, caput, items I, II and IV; and Res BCB No. 201, art. 8, caput, items I, II and IV. | |
| 1.3.1.30.10.00-9: Participation in Authorized Controlled by a Credit Cooperative or Confederation of Service; (xviii) 1.3.1.30.15.00-4: Participation in Cooperatives, Except Central Credit Cooperative; (xix) 1.3.1.85.60.00-4: Other Variable Income Titles; (xx) 1.3.6.10.80.00-5: Variable Income Titles; (xxi) 1.3.6.15.80.00-0: Variable Income Titles; (xii) 1.3.6.16.80.00-3: Variable Income Titles; (xxiii) 1.3.6.20.80.00-4: Variable Income Titles; (xxiv) 1.3.9.10.30.00-1: Lent Variable Income Titles; (xxv) 1.9.1.20.00.00-1: INVESTMENTS HELD FOR SALE; (xxvi) 3.0.9.73.21.10-8: Equity; and (xxvii) 3.0.9.73.21.20-1: Eligible Investments. (Amended by Instruction Normative BCB No. 672, of 10/2/2025.) | ||
| 13 | Res No. 4,606, art. 9, caput, item III; Res BCB No. 198, art. 4, caput, item III; and Res BCB No. 201, art. 8, caput, item III. | Actuarial assets of defined benefit pension funds: V = (i) - (ii), in which: (i) 1.8.8.82.00.00-7: ACTUARIAL ASSETS GENERATED BY DEFINED BENEFIT PENSION FUNDS; and (ii) 4.9.4.30.30.00-9: Provisions for Actuarial Assets of Defined Benefit Pension Funds with Non-Unrestricted Access. |
| 14 | Res No. 4,606, art. 9, caput, item V; Res BCB No. 198, art. 4, caput, item V; and Res BCB No. 201, art. 8, caput, item V. | Non-controlling interests in the capital of subsidiaries: V = (i) + (ii), in which: (i) 3.0.9.73.52.00-5: Deduction D/Partic of Non-Controlling Interests in RE in Controlled Entities Subject to Central Bank Authorization; and (ii) 3.0.9.73.53.00-4: Deduction D/Partic of Non-Controlling Interests N/Capital of Controlled Entities Not Subject to Bacen Authorization. |
| 15 | Res No. 4,606, art. 9, caput, item VI; Res BCB No. 198, art. 4, caput, item VI; and Res BCB No. 201, art. 8, caput, item VI. | |
| 16 | Res No. 4,606, art. 9, caput, item VII; Res BCB No. 198, art. 4, caput, item VII; and Res BCB No. 201, art. 8, caput, item VII. | Tax credits resulting from fiscal losses and related items subject to prudential adjustments: V = (i) + (ii) + (iii) + (iv), in which: (i) 3.0.9.84.60.00-6: Deferred Tax Assets of Accumulated Fiscal Loss - Income Tax; (ii) 3.0.9.84.70.00-3: Deferred Tax Assets of Negative Base - CSLL; (iii) 3.0.9.84.80.00-0: Deferred Tax Assets of CSLL Booked at 18% (MP 2.158/2001); and (iv) 3.0.9.84.90.00-7: Deferred Tax Assets of Accumulated Fiscal Loss - Others. |
Annex II
| No | Relevant Resolution Provisions | Fixed Asset Amount – VI and accounting items |
|---|---|---|
| Calculation of the Fixed Asset Limit: | ||
| 1 | Res No. 4,606, art. 8; and Res BCB No. 201, art. 7. | PRS5 Amount. |
| 2 | Res No. 4,606, art. 14; and Res BCB No. 201, art. 14. |
Annex III
| No | Relevant Provisions of Circular No. 3,861, of 2017 | Exposure Value – VE and accounting items |
|---|---|---|
| Elements subject to the calculation of the EXPSim p Share: | ||
| 1 | Art. 2, § 1, item I. | Gold applications: VE = abs[(i) + (ii) - (iii) - (iv)], in which: (i) 1.9.8.15.10.00-3: Gold; (ii) 1.9.8.90.20.00-7: Gold; (iii) 4.9.5.58.00.00-7: OBLIGATIONS FOR GOLD LOANS; and (iv) 4.9.8.15.10.00-0: Gold. |
| 2 | Art. 2, § 1, item II. | Foreign currency cash: VE = abs[(i) + (ii) + (iii) - (iv) - (v)], in which: (i) 1.1.5.00.00.00-7: Foreign Currency Cash; (ii) 1.2.6.10.00.00-6: FOREIGN CURRENCY APPLICATIONS; (iii) 1.8.8.30.00.00-6: AMOUNTS RECEIVABLE IN FOREIGN CURRENCY; (iv) 4.9.9.08.10.00-7: Foreign Currency Payment Orders; and (v) 4.9.8.20.00.00-7: FOREIGN CURRENCY OBLIGATIONS. |
| 3 | Art. 2, § 1, item III. | Exchange purchased to settle, net of exchange sold to settle: VE = abs[(i) - (ii)], in which: (i) 3.0.9.01.10.00-0: Purchase of Foreign Currency; and (ii) 3.0.9.02.30.00-7: Sale of Foreign Currency. |
Annex IV
| No | Provision of Resolution BCB No. 437, of 2024 | Non-Exposure Value – NEV, Exposure Value – EV and accounting items |
|---|---|---|
| Non-exposure: | ||
| 1 | Art. 4, § 2, item I. | Assets deducted from PRS5 or PRIP: The assets deducted from the Simplified Reference Capital (PRS5) or the Reference Capital of Payment Institutions (PRIP) correspond to the accounting items of Assets and clearing representing deferred tax assets listed in Annex I of this Instruction Normative. |
| 2 | Art. 4, § 2, item II. | Interdependent operations: 1.5.0.00.00.00-4: INTERDEPENDENT RELATIONSHIPS. |
| 3 | Art. 4, § 2, item III. | Checks and bills to be credited to customer accounts, when the release of the respective funds is linked to the actual clearing: NEV = (i) + (ii) + (iii) + (iv), where: (i) 1.4.1.10.00.00-7: CHECKS AND OTHER PAPERS TO BE RETURNED; (ii) 1.4.1.20.00.00-6: CHECKS AND OTHER PAPERS TO BE SENT; (iii) 1.4.1.30.00.00-5: CHECKS AND OTHER PAPERS SENT; and (iv) 1.4.1.40.00.00-4: RECEIPTS OF DOCUMENTS SENT BY OTHER SYSTEM PARTICIPANTS. |
| 4 | Art. 4, § 2, item IV. | Linked active operations: 3.0.9.62.00.00-0: LINKED ACTIVE OPERATIONS. |
| 5 | Art. 4, § 2, item VI. | Credit operations within the Peac-Maquininhas framework: 3.8.1.10.15.00-9: Emergency Program for Access to Credit (PEAC - Maquininhas). |
| 6 | Art. 4, § 2, item VII, letters “a” and “b”. | Values covered by the “ADQ” component of RWASP: NEV = [(i) + (ii)] - [abs(iii) + abs(iv) + abs(v) + abs(vi)], where: (i) 1.4.1.50.10.00-0: Non-Linked Receivables; (ii) 1.4.1.50.20.00-7: Assigned Receivables; (iii) 1.4.9.40.10.10-0: (-) Payment Transactions - Non-Linked to Assignments; (iv) 1.4.9.60.10.10-8: (-) Payment Transactions - Non-Linked to Assignments; (v) 1.4.9.40.10.20-3: (-) Payment Transactions - Assigned; and (vi) 1.4.9.60.10.20-1: (-) Payment Transactions - Assigned. |
| 7 | Art. 4, § 2, item VII, letter “c”. | Net resources corresponding to electronic money balances: NEV = (i) + (ii), where: (i) 1.2.1.10.91.00-3: Titles Linked to Prepaid Account Balances; and (ii) 1.3.6.25.00.00-3: TITLES LINKED TO PREPAID ACCOUNT BALANCES. |
| 8 | Art. 4, § 2, item VII, letter “d”. | Receivables arising from instant payment transactions: 1.4.1.65.00.00-7: INSTANT PAYMENT TRANSACTIONS. |
| 9 | Art. 4, § 2, item VIII, letter “a”. | |
| 10 | Art. 4, § 2, item VIII, letter “b”. | Exemptions for Type 2 covered by the “POS” component of RWASP: NEV = [(i) + (ii)] - [abs(iii) + abs(iv)], where: (i) 1.8.8.79.10.00-6: Non-Linked Receivables; (ii) 1.8.8.79.20.00-3: Assigned Receivables; (iii) 1.8.9.96.10.00-2: (-) Provisions for Non-Linked Receivables; and (iv) 1.8.9.96.20.00-9: (-) Provisions on Assigned Receivables. |
| Reduced Credit Risk Category I: | ||
| 11 | Art. 7, caput, item I, letter “a”. | Available funds: EV = (i) – (a1) – (a2), where: (i) 1.1.0.00.00.00-2: AVAILABILITIES; (a1) 1.1.2.00.00.00-6: Bank Deposits; and (a2) 1.1.5.00.00.00-7: Foreign Currency Availabilities. |
| 12 | Art. 7, caput, item I, letter “b”. | Securities and Financial Instruments – SFIs linked to the Central Bank of Brazil – BCB: 1.3.4.00.00.00-6: Linked to the Central Bank. |
| 13 | Art. 7, caput, item I, letter “c”. | Credits linked to the BCB, official banks, and the Housing Finance System – SFH: 1.4.2.00.00.00-5: Linked Credits. |
| 14 | Art. 7, caput, item II, letter “a”. | Gold investments: 1.9.8.90.20.00-7: Gold. |
| 15 | Art. 7, caput, item II, letter “b”. | Unlinked Federal Public Bonds - FPB in the Country: 1.3.1.10.01.00-3: Federal Public Bonds - In the Country. |
| 16 | Art. 7, caput, item II, letter “c”. | Advances to the Credit Guarantee Fund – FGC or to the Credit Cooperativism Fund – FGCoop: 1.8.8.02.00.00-5: ADVANCES TO FGC OR FGCOOP. |
| 17 | Art. 7, caput, item II, letter “d”. | Presumed Credit: 1.8.8.52.00.00-0: PRESUMED CREDIT. |
| Reduced Credit Risk Category II: | ||
| 18 | Art. 8, caput, item I, letter “a”. | Bank deposits: 1.1.2.00.00.00-6: Bank Deposits. |
| 19 | Art. 8, caput, item I, letter “b”. | Foreign currency availabilities: 1.1.5.00.00.00-7: Foreign Currency Availabilities. |
| 20 | Art. 8, caput, item I, letter “c” and Art. 8, § 1, item I. | Investments in repurchase operations: EV = 5% × [(i) - (a1)], where: (i) 1.2.1.00.00.00-2: Investments in Repurchase Operations; and (a1) 1.2.1.10.91.00-3: Titles Linked to Prepaid Account Balances. |
| 21 | Art. 8, caput, item I, letter “d”. | Investments in interbank deposits – IB: 1.2.2.00.00.00-9: Investments in Interbank Deposits. |
| 22 | Art. 8, caput, item I, letter “e”. | Investments in savings deposits: 1.2.5.00.00.00-0: Investments in Savings Deposits. |
| 23 | Art. 8, caput, item I, letter “f”. | Investments in foreign currencies of the interbank liquidity investments subgroup: 1.2.6.00.00.00-7: Investments in Foreign Currencies. |
| 24 | Art. 8, caput, item I, letter “g”. | Other interbank liquidity investments: 1.2.9.00.00.00-8: Others. |
| 25 | Art. 8, caput, item I, letter “h”. | |
| 26 | Art. 8, caput, item I, letter “i” and Art. 8, § 1, item II. | Titles subject to repurchase operations with free movement: EV = 105% X 1.3.7.00.00.00-7: Titles Subject to Repurchase Operations with Free Movement. |
| 27 | Art. 8, caput, item I, letter “j” and Art. 8, § 1, item II. | |
| 28 | Art. 8, caput, item I, letters “k” and “l”, Art. 8, caput, item II, letter “d”, and Art. 8, § 2. | Interbank transfers and credit rights linked to operations acquired in assignment: EV = [(i) + (ii) + (iii)] - [abs(iv) - abs(a1) - abs(a2) - abs(a3) - abs(a4)], where: (i) 1.4.3.00.00.00-2: Interbank Transfers; (ii) 1.4.6.00.00.00-3: Credits Linked to Operations Acquired in Assignment; (iii) 1.4.1.50.30.00-4: Acquired Receivables; (iv) 1.4.9.00.00.00-4: (-) Provision for Losses Associated with Credit Risk; (a1) 1.4.9.40.10.10-0: (-) Payment Transactions - Non-Linked to Assignments; (a2) 1.4.9.40.10.20-3: (-) Payment Transactions - Assigned; (a3) 1.4.9.60.10.10-8: (-) Payment Transactions - Non-Linked to Assignments; and (a4) 1.4.9.60.10.20-1: (-) Payment Transactions - Assigned. |
| 29 | Art. 8, caput, item II, letter “a”. | Private titles in the Country of entities authorized to operate by the BCB not eligible for regulatory capital: EV = (i) + (ii), where: (i) 1.3.1.10.31.00-4: Private Titles of Financial Institutions - In the Country - Unrelated; and (ii) 1.3.1.10.32.00-3: Private Titles of Financial Institutions - In the Country - Related. |
| 30 | Art. 8, caput, item II, letter “b” and Art. 8, § 1, item II. | Fixed income titles linked to repurchases to be settled: EV = 105% 1.3.2.10.00.00-1: FIXED INCOME TITLES - LINKED TO REPURCHASES. |
| 31 | Art. 8, caput, item II, letter “c”. | Emergency Credit Programs: EV = (i) - (a1), where: (i) 3.8.1.10.00.00-7: PROGRAMS AND OPERATIONS WITH GOVERNMENT GUARANTEES; and (a1) 3.8.1.10.15.00-9: Emergency Program for Access to Credit (PEAC - Maquininhas). |
| Reduced Credit Risk Category III: | ||
| 32 | Art. 9, caput, item I, letters “a”, “b” and “c”. | |
| 33 | Art. 9, caput, item I, letter “d |
| No | Device of Circular No. 3,863, of 2017 | Value – V and accounting items |
|---|---|---|
| Components of the Simplified Indicator of Operational Risk Exposure – 𝐵𝐼𝑆𝑖𝑚p | ||
| 1 | Art. 4, § 1, item II. | Interest and lease income – RJ: V = (i) + (ii) + (iii) + (iv) + (v) + (vi) + (vii) + (viii) + (ix) + (x) + (xi) + (xii) + (xiii) + (xiv) + (xv), where: (i) 7.1.1.00.00.00-3: Income from Credit Operations; (ii) 7.1.2.00.00.00-0: Income from Leasing; (iii) 7.1.4.00.00.00-4: Income from Interfinancial Liquidity Investments; (iv) 7.1.5.10.00.00-0: INCOME FROM FIXED INCOME SECURITIES; (v) 7.1.5.13.00.00-9: INCOME FROM CERTIFICATES OF STRUCTURED OPERATIONS; (vi) 7.1.5.40.00.00-7: INCOME FROM INVESTMENTS IN INVESTMENT FUNDS; (vii) 7.1.5.50.00.00-6: INCOME FROM INVESTMENTS IN THE SOCIAL DEVELOPMENT FUND; (viii) 7.1.6.00.00.00-8: Income from Other Operations with Credit Characteristics; (ix) 7.1.9.10.00.00-8: INCOME FROM CREDITS LINKED TO OPERATIONS ACQUIRED IN ASSIGNEE; (x) 7.1.9.25.00.00-2: INCOME FROM CREDITS ARISING FROM ACQUIRED EXPORT CONTRACTS; (xi) 7.1.9.55.00.00-9: INCOME FROM CREDITS LINKED TO AGRICULTURAL CREDIT; (xii) 7.1.9.60.00.00-3: INCOME FROM CREDITS LINKED TO THE CENTRAL BANK; (xiii) 7.1.9.65.00.00-8: INCOME FROM CREDITS LINKED TO THE SFH; (xiv) 7.1.9.80.00.00-1: INCOME FROM INTERFINANCIAL TRANSFERS; and (xv) 7.1.9.86.00.00-9: INTERCOOPERATIVE DEPOSIT INCOMES. |
| 2 | Art. 4, § 1, item III. | Interest and lease expenses – DJ: V = abs[(i) + (ii) + (iii) + (iv) + (v) + (vi) + (vii) + (viii) + (ix)], where: (i) 8.1.1.00.00.00-2: (-) Funding Expenses; (ii) 8.1.2.00.00.00-9: (-) Expenses on Borrowing and Transfer Obligations; (iii) 8.1.3.00.00.00-6: (-) Leasing Expenses; (iv) 8.1.9.12.00.00-3: (-) EXPENSES ON OBLIGATIONS LINKED TO ASSIGNEE OPERATIONS; (v) 8.1.9.40.00.00-4: (-) EXPENSES ON THE ASSIGNMENT OF LEASING CREDITS; (vi) 8.1.9.45.00.00-9: (-) EXPENSES ON THE ASSIGNMENT OF CREDITS ARISING FROM EXPORT CONTRACTS; (vii) 8.1.9.50.00.00-3: (-) EXPENSES ON THE ASSIGNMENT OF CREDIT OPERATIONS; (viii) 8.1.9.52.00.00-9: (-) EXPENSES ON DISCOUNTS GRANTED IN RESTRUCTURINGS; and (ix) 8.1.9.86.00.00-8: (-) EXPENDITURES ON INTERCOOPERATIVE DEPOSITS. |
| 3 | Art. 4, § 1, item IV. | Participation income – RP: V = (i) + (ii), where: (i) 7.1.8.00.00.00-2: Investment Income; and (ii) 7.1.9.83.00.00-0: INCOME FROM SPECIFIC RIGHTS OF SUBSIDIARIES NOT SUBJECT TO THE AUTHORIZATION OF THE CENTRAL BANK OF BRAZIL. |
| 4 | Art. 4, § 1, item V. | |
| 5 | Art. 4, § 2, item III. | Service income – RS: V = (i) + (ii) + (iii) + (iv) + (v) + (vi), where: (i) 7.1.5.80.01.00-2: Foreign Exchange Contract - Purchase of Foreign Currency; (ii) 7.1.5.80.02.00-1: Foreign Exchange Contract - Sale of Foreign Currency; (iii) 7.1.5.80.06.00-7: Gold Purchase Contracts (iv) 7.1.5.80.07.00-6: Gold Sale Contracts (v) 7.1.7.00.00.00-5: Service Provision Income; and (vi) 7.1.9.70.00.00-2: INCOME FROM GUARANTEES PROVIDED. |
| 6 | Art. 4, § 2, item IV. | |
| 7 | Art. 4, § 2, item V. | |
| 8 | Art. 4, § 2, item VI. | |
| Institutions subject to the calculation of RWASP: | ||
| Elements that must be deducted from the amounts recorded in account 7.1.7.00 -9: | ||
| 9 | Art. 4, § 3. | Value deducted from service provision income: V = (i) + (ii) + (iii) + (iv) + (v) + (vi) + (vii) + (viii), where: (i) 7.1.7.05.05.10-8: Prepaid Payment Instruments; (ii) 7.1.7.05.06.10-7: Prepaid Payment Instruments; (iii) 7.1.7.05.20.00-4: Accreditation; (iv) 7.1.7.05.30.00-1: Arrangement Fees; (v) 7.1.7.05.40.00-8: Payment Transaction Initiation; (vi) 7.1.7.05.50.00-5: PIX; (vii) 7.1.7.05.60.00-2: Connectivity Fee; and (viii) 7.1.7.05.99.00-4: Other Services Related to Payment Transactions. |
| Elements that must be deducted from the amounts recorded in account 8.1.9.19.00.00-4: | ||
| 10 | Art. 4, § 3. | Value deducted from expenses on services associated with payment transactions: V = abs[(i) + (ii) + (iii) + (iv) + (v)], where: (i) 8.1.9.19.10.00-1: (-) Payment Transaction Initiation; (ii) 8.1.9.19.20.00-8: (-) Payment Transaction Processing; (iii) 8.1.9.19.30.00-5: (-) PIX; (iv) 8.1.9.19.50.00-9: (-) Expense on Connectivity Fee; and (v) 8.1.9.19.99.00-8: (-) Other Expenses Related to Payment Transactions. |
Annex VI
| No | Relevant Resolution Devices | Exposure Value – VE and accounting items | |
|---|---|---|---|
| Elements subject to the calculation of the RWASP Parcel: | |||
| 1 | Res. BCB No. 198, art. 7, § 2, item I; and Res. BCB 202, art. 3, caput, item I. | MOE Component – Monthly average of payments made and resources transferred by the institution in the last 12 (twelve) months: 3.0.9.71.20.00-0: Payment Transactions Executed as Issuer of Prepaid Payment Instrument - Payments, Transfers and Withdrawals. | |
| 2 | Res. BCB No. 198, art. 7, § 2, item II; and Res. BCB 202, art. 3, caput, item II. | MOE Component – Monthly average of electronic currencies issued by it in the last 12 (twelve) months: 3.0.9.69.00.00-1: Prepaid Payment Account, average balance. | |
| 3 | Res. BCB No. 198, art. 7, § 5. | CPOS Component – monthly average volume of post-paid payment transactions executed by the institution in the last 12 (twelve) months: 3.0.9.71.10.00-3: Payment Transactions Executed - average balance, as Issuer of Post-paid Payment Instrument. | |
| 4 | Res. BCB No. 198, art. 7, § 6; and Res. BCB No. 202, art. 4. | ADQ Component – monthly average value of transactions in which the institution acts exclusively as acquirer or sub-acquirer in the last 12 (twelve) months: VE = (i) + (ii), where: (i) 3.0.9.71.30.00-7: Payment Transactions Processed as Acquirer; and (ii) 3.0.9.71.35.00-2: Payment Transactions Processed as Sub-acquirer. | |
| 5 | Res. BCB No. 198, art. 7, § 7; and Res. BCB No. 202, art. 5. | PISP Component – monthly average value of payment transactions initiated by the institution in the last 12 (twelve) months: 3.0.9.71.40.00-4: Payment Transactions Processed as Payment Transaction Initiator. |
Annex VII
(Annex VII included by Normative Instruction BCB No. 598, of 26/3/2025.)
| No | Device of Circular No. 3,863, of 2017 | Value – V and accounting items |
|---|---|---|
| Components of the Simplified Indicator of Operational Risk Exposure – 𝐵𝐼𝑆𝑖𝑚p | ||
| 1 | Art. 4, § 1, item II. | Interest and lease income – RJ: V = (i) + (ii) + (iii) + (iv) + (v) + (vi) + (vii) + (viii) + (ix) + (x) + (xi) + (xii) + (xiii) + (xiv) + (xv) + (xvi) + (xvii) + (xviii), where: (i) 7.1.1.00.00-1: Income from Credit Operations; (ii) 7.1.2.00.00-4: Income from Commercial Leasing; (iii) 7.1.4.00.00-0: Income from Interfinancial Liquidity Investments; (iv) 7.1.5.10.00-0: INCOME FROM FIXED INCOME SECURITIES; (v) 7.1.5.13.00-7: INCOME FROM CERTIFICATES OF STRUCTURED OPERATIONS; (vi) 7.1.5.40.00-1: INCOME FROM INVESTMENTS IN INVESTMENT FUNDS; (vii) 7.1.5.50.00-8: INCOME FROM INVESTMENTS IN THE SOCIAL DEVELOPMENT FUND; (viii) 7.1.5.60.00-5: INCOME FROM INVESTMENTS IN ECONOMIC DEVELOPMENT SECURITIES; (ix) 7.1.9.10.00-2: INCOME FROM CREDITS LINKED TO OPERATIONS ACQUIRED IN ASSIGNEE; (x) 7.1.9.18.00-4: INCOME FROM ADVANCEMENT OF PAYMENT TRANSACTION OBLIGATIONS; (xi) 7.1.9.25.00-4: INCOME FROM CREDITS ARISING FROM ACQUIRED EXPORT CONTRACTS; (xii) 7.1.9.50.00-0: INCOME FROM CREDITS BY GUARANTEES AND BAIL BONDS HONORED; (xiii) 7.1.9.55.00-5: INCOME FROM CREDITS LINKED TO AGRICULTURAL CREDIT; (xiv) 7.1.9.60.00-7: INCOME FROM CREDITS LINKED TO THE CENTRAL BANK; (xv) 7.1.9.65.00-2: INCOME FROM CREDITS LINKED TO THE SFH; (xvi) 7.1.9.80.00-1: INCOME FROM INTERFINANCIAL TRANSFERS; (xvii) 7.1.9.85.00-6: INCOME FROM SPECIFIC CREDITS; and (xviii) 7.1.9.86.00-5: INTERCOOPERATIVE DEPOSIT INCOMES. |
| 2 | Art. 4, § 1, item III. | Interest and lease expenses – DJ: V = abs [(i) + (ii) + (iii) + (iv) + (v) + (vi) + (vii) + (viii)], where: (i) 8.1.1.00.00-8: (-) Funding Expenses; (ii) 8.1.2.00.00-1: (-) Expenses on Borrowing and Transfer Obligations; (iii) 8.1.3.00.00-4: (-) Commercial Leasing Expenses; (iv) 8.1.9.12.00-7: (-) EXPENSES ON OBLIGATIONS LINKED TO ASSIGNEE OPERATIONS; (v) 8.1.9.40.00-0: (-) EXPENSES ON THE ASSIGNMENT OF LEASING CREDITS; (vi) 8.1.9.45.00-5: (-) EXPENSES ON THE ASSIGNMENT OF CREDITS ARISING FROM EXPORT CONTRACTS; (vii) 8.1.9.50.00-7: (-) EXPENSES ON THE ASSIGNMENT OF CREDIT OPERATIONS; and (viii) 8.1.9.52.00-5: (-) EXPENSES ON DISCOUNTS GRANTED IN RESTRUCTURINGS; |
| 3 | Art. 4, § 1, item IV. | Participation income – RP: V = (i) + (ii), where: (i) 7.1.8.00.00-2: Income from Participations; and (ii) 7.1.9.83.00-8: INCOME FROM SPECIFIC RIGHTS OF SUBSIDIARIES NOT SUBJECT TO THE AUTHORIZATION OF THE CENTRAL BANK. |
| 4 | Art. 4, § 1, item V. | Net financial result – RFL: V = (i) + (ii) + (iii) + (iv) + (v) + (vi) + (vii) + (viii) + (ix) + (x) + (xi), where: (i) 7.1.3.30.00-8: INCOME FROM VARIATIONS AND DIFFERENCES IN RATES; (ii) 8.1.4.50.00-2: (-) EXPENSES FROM VARIATIONS AND DIFFERENCES IN RATES; (iii) 7.1.3.70.00-6: INCOME FROM FOREIGN CURRENCY AVAILABILITIES; (iv) 7.1.5.75.00-7: PROFITS FROM FIXED INCOME SECURITIES; (v) 8.1.5.20.00-4: (-) LOSSES FROM FIXED INCOME SECURITIES; (vi) 7.1.5.90.00-6: TVM - POSITIVE ADJUSTMENT TO MARKET VALUE; (vii) 8.1.5.80.00-6: (-) TVM - NEGATIVE ADJUSTMENT TO MARKET VALUE; (viii) 7.1.9.15.00-7: PROFITS FROM SALES OR TRANSFERS OF FINANCIAL ASSETS; (xi) 8.1.9.15.00-4: (-) LOSSES FROM SALES OR TRANSFERS OF FINANCIAL ASSETS; (x) 8.1.5.10.00-7: (-) DISCOUNTS ON THE PLACEMENT OF SECURITIES; and (xi) 8.1.5.95.00-8: (-) PERMANENT LOSSES. |
| 5 | Art. 4, § 2, item III. | Service income – RS: V = (i) + (ii) + (iii), where: (i) 7.1.3.10.00-4: INCOME FROM FOREIGN EXCHANGE OPERATIONS; (ii) 7.1.7.00.00-9: Income from Service Provision; and (iii) 7.1.9.70.00-4: INCOME FROM GUARANTEES PROVIDED. |
| 6 | Art. 4, § 2, item IV. | Service expenses – DS: V = abs [(i)+ (ii)+(iii)], where: (i) 8.1.4.20.00-1: (-) EXPENSES ON FOREIGN EXCHANGE OPERATIONS; (ii) 8.1.7.54.00-7: (-) EXPENSES OF THE FINANCIAL SYSTEM SERVICES; and (iii) 8.1.7.63.00-5: (-) EXPENSES OF SPECIALIZED TECHNICAL SERVICES. |
| 7 | Art. 4, § 2, item V. | Other operational income – ORO: V = (i), where: (i) 7.1.9.99.00-9: OTHER OPERATIONAL INCOMES. |
| 8 | Art. 4, § 2, item VI. | Other operational expenses – ODO: V = abs [(i) + (ii) + (iii) + (iv) + (v) + (vi)], where: (i) 8.1.6.00.00-3: (-) Participation Expenses; (ii) 8.1.8.40.10-0: (-) EXPENSES ON PASSIVE PROVISIONS; (iii) 8.1.9.65.00-9: (-) EXPENSES ON PROAGRO RESOURCES; (iv) 8.1.9.77.00-4: (-) EXPENSES ON SPECIFIC RIGHTS OF SUBSIDIARIES NOT SUBJECT TO THE AUTHORIZATION OF THE CENTRAL BANK; (v) 8.1.9.78.00-3: (-) EXPENSES ON SPECIFIC OBLIGATIONS OF SUBSIDIARIES NOT SUBJECT TO THE AUTHORIZATION OF THE CENTRAL BANK; and (vi) 8.1.9.99.00-6: (-) OTHER OPERATIONAL EXPENSES. |
| Institutions subject to the calculation of RWASP: | ||
| Elements that must be deducted from the amounts recorded in account 7.1.7.00.00-9: | ||
| 9 | Art. 4, § 3. | Value deducted from service provision income: V = (i) + (ii) + (iii) + (iv) + (v), where: (i) 7.1.7.05.20-0: Accreditation; (ii) 7.1.7.05.40-6: Payment Transaction Initiation; (iii) 7.1.7.05.50-9: PIX; (iv) 7.1.7.05.60-2: Sale or Rental of Equipment and Connectivity; and (v) 7.1.7.05.99-4: Other Services Related to Payment Transactions. |
INFORMATION NOTE
Details the accounting items to be used in the calculation of the minimum requirements for Simplified Reference Equity (PRS5) and Payment Institution Reference Equity (PRIP); and of the amounts of risk-weighted assets in simplified form (RWAS5) and risk-weighted assets for payment institution (RWAIP).
The Normative Instruction now issued incorporates the changes provided for in the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) dealt with in CMN Resolution No. 4,966, of November 25, 2021, and BCB Resolution No. 352, of November 23, 2023 in the operationalization of the simplified prudential approach (RWAS5), applicable to institutions opting for Segment 5 – S5, as well as in the calculation of the amount of risk-weighted assets for payment institution (RWAIP). Likewise, this instruction is based on the revision adopted in Cosif from Normative Instructions No. 426 to 433, all of December 1, 2023.
-
Furthermore, the issuance of BCB Resolution No. 437, of November 28, 2024, which replaced Circular No. 3,862, of December 7, 2017, necessitated the publication of this Normative Instruction, replacing Circular Letter No. 3,853, of December 19, 2017. Indeed, considering that the aforementioned Cosif revision required significant updates in all regulations detailing accounting items to be used for RWAS5 and RWAIP, the opportunity was seen to consolidate the regulatory stock, review and improve it in a single normative instruction, facilitating consultation by interested parties and regulation curation.
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It is worth noting that in the annexes of this Normative Instruction, the account listings are presented with direct reference to the respective normative devices of the Resolutions (or current Circulares) that govern them, which presents itself as an innovation compared to how previous regulations are organized. This innovation aims to facilitate understanding and provide transparency to the relationship between each hierarchically superior normative act and the list of Cosif accounts.
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In addition, the Normative Instruction brings a device aimed at mitigating doubts in the calculation of the components provided for in case of subsequent normative changes that undo the exact correspondence between the hierarchically superior norm and the accounting items indicated in the annexes. In these cases, it is explicit that the Cosif components corresponding to the descriptions contained in the hierarchically superior norms (resolutions or circulars) must be considered, which will prevail over the details established in the annexes.
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In this regard, considering the provision of item II of art. 4 of Decree No. 10,411, of June 30, 2020, which allows for the waiver of regulatory impact analysis (AIR) in the case of a normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, I decide to waive the regulatory impact analysis provided for in art. 5 of Law No. 13,874, of September 20, 2019. After all, the proposed norm only indicates the Cosif accounting items that correspond to the elements described in CMN resolutions, BCB resolutions and Circulars, with no regulatory choice being seen.
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Furthermore, I inform that the Normative Instruction will enter into force on January 31, 2025. On this date, the dispersed regulatory stock[1] is revoked and replaced by this consolidated Normative Instruction and its specific annexes.
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In this context, based on the provision of art. 23, item I, letter “a”, of the Internal Regulations of this Central Bank, I resolve to issue the normative instruction in the form of the attached draft.
Ricardo Franco Moura
Head of the Department of Prudential and Exchange Regulation
[1] Circular Letters No. 3,850, 3,851, 3,852, 3,853 and 3,854, all of December 19, 2017, and Normative Instruction No. 389, of June 6, 2023.
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- Definition / condition 115
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- Supersedes
“Instruction Normative BCB No. 389, of June 6, 2023”
“Letter-Circulars No. 3,850, 3,851, 3,852, 3,853 and 3,854, all of December 19, 2017”
“Letter-Circulars No. 3,850, 3,851, 3,852, 3,853 and 3,854, all of December 19, 2017”
“Letter-Circulars No. 3,850, 3,851, 3,852, 3,853 and 3,854, all of December 19, 2017”
“Letter-Circulars No. 3,850, 3,851, 3,852, 3,853 and 3,854, all of December 19, 2017”
- Circular Letter No. 3854 dated 2017-12-19Not in RegAlert
“Letter-Circulars No. 3,850, 3,851, 3,852, 3,853 and 3,854, all of December 19, 2017”
- Amended by
- Instruction Normative BCB No. 763 — Amends Instruction Normative BCB No. 584 of January 28, 20252026 · BCB
“Amends Instruction Normative BCB No. 584 of January 28, 2025”
- Issued under
“Resolution BCB No. 437, of November 28, 2024”
“arts. 7 and 9 of Resolution BCB No. 201, of March 11, 2022”
“as established in art. 7 of Resolution BCB No. 69, of February 10, 2021”
“Circulars No. 3,861 and 3,863, both of December 7, 2017”
“having in view the provisions of arts. 8 and 11 of Resolution No. 4,606, of October 19, 2017”
- Resolution BCB No. 198, of March 11, 2022Not in RegAlert
“arts. 3 and 6 of Resolution BCB No. 198, of March 11, 2022”
+1 more
- Resolution BCB No. 340, of September 21, 2023Not in RegAlert
“attached to Resolution BCB No. 340, of September 21, 2023”
Mentions (2): 2 documents this one mentions without changing them
- Refers to
“Resolution BCB No. 202, of March 11, 2022”
“Circulars No. 3,861 and 3,863, both of December 7, 2017”
Timeline
Amended 1 time · last 2026-07-16
- 2026-07-16
BCBInstruction Normative BCB No. 763 — Amends Instruction Normative BCB No. 584 of January 28, 2025amends
This document supersedes: Normative Instruction BCB No. 389 of June 6, 2023, Circular Letter No. 3850 — Details Accounting Items for Calculating the Simplified Reference Equity (PRS5), Circular Letter No. 3851 — Details Accounting Items for Calculating the Permanent Asset Investment Limit for Institutions Opting for Simplified Reference Equity (PRS5), Circular Letter No. 3852 — Details accounting items for calculating the simplified risk-weighted assets (RWAS5) portion for gold, foreign currency, and exchange rate exposure, Circular Letter No. 3853 — Details Accounting Items for Calculating the Risk-Weighted Assets Component (RWAS5) for Credit Risk Exposures under the Simplified Standardized Approach
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