Instruction Normative BCB No. 599 of March 27, 2025

Resolution No. 222

INSTRUCTION NORMATIVE
BCB No. 599, OF MARCH 27, 2025

Amends
Instruction Normative BCB No. 524, of September 18, 2024, which establishes the procedures for the daily transmission of information to the Central Bank of Brazil regarding the countercbalances of an active and passive nature and the financial volume of payment transactions carried out on the day, as provided for in art. 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 authority conferred upon him by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, disclosed through Resolution BCB No. 340, of September 21, 2023, based on art. 85, item I, letter “b”, of the aforementioned Regulations, and taking into account the provisions of Resolutions BCB Nos. 1, of August 12, 2020, and 208, of March 22, 2022, and Instruction Normative BCB No. 524, of September 18, 2024,

R E S O L V E :

Art. 1º This Instruction Normative disposes on the transmission to the Central Bank of Brazil of document code 4111 – Daily Accounting Balances by payment institutions not authorized to operate by the Central Bank of Brazil and that are participants of Pix or that are in the process of adhering to Pix, as per art. 3, § 9º of Resolution BCB No. 1, of August 12 2020.

Art. 2º Instruction Normative BCB No. 524, of September 18, 2024, published in the Official Gazette of the Union (DOU) on 9/25/2024, Section 1, p. 110/111, shall now be in effect with the following changes:

“Art. 1º ...................................................................................................................................

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§ 1º-A The provisions of this Instruction
Normative also apply to the payment institutions referred to in art. 3º, § 9º of Resolution BCB No. 1, of August 12, 2020, as established in art. 3º, § 5º, item III, letter “a” of the aforementioned Resolution.

§ 2º Financial institutions and other institutions authorized to operate by the Central Bank of Brazil issuers of electronic money, classified in Segment 5 (S5) or that do not have a classification in a prudential segment, and payment institutions referred to in art. 3º, § 9º of Resolution BCB No. 1, of August 12, 2020, must send only the information regarding art. 6, item V and art. 7 of this Instruction Normative.” (NR)

“Art. 3º ...................................................................................................................................

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§ 1º As provided in art. 3º of Resolution BCB No. 208, of March 22, 2022, and in art. 3º, § 5º, item III, letter “a” of Resolution BCB No. 1, of August 12, 2020, the transmission referred to in the caput must be made:

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II - by cooperative banks, confederations constituted by central credit cooperatives or central credit cooperatives, regarding the information of the cooperatives that are part of organized systems of three or two levels;

III - by financial institutions and other institutions authorized to operate by the Central Bank of Brazil not belonging to conglomerates and by cooperatives not part of organized systems of three or two levels; and

IV - by payment institutions referred to in art. 3º, § 9º of Resolution BCB No. 1, of August 12, 2020.”

.......................................................................................................................................” (NR)

Art. 3º This Instruction Normative enters into force on the date of its publication, producing effects from July 1, 2025.

ANDRÉ MAURÍCIO TRINDADE DA
ROCHA

NOTE

The document code 4111

• Daily Accounting Balances, containing information related to daily capture 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 issuers of electronic money, was created based on art. 2, items I and III, of Resolution BCB No. 208, of March 22, 2022, and its preparation and transmission were regulated by Instruction Normative BCB No. 101, of April 26, 2021.

2. Resolution
   BCB No. 429, of November 11, 2024, amended Resolution BCB No. 1, of August 12 2020, to determine that payment institutions not authorized to operate by the Central Bank of Brazil and that are participants of Pix or that are in the process of adhering to Pix, as per art. 3º, § 9º of Resolution BCB No. 1, of August 12, 2020, must prepare and send the Daily Accounting Balances, in accordance with art. 2, caput, items I and III, of Resolution BCB No. 208, of March 22, 2022.

3. To comply
   with what is stated in Resolution BCB No. 1, of August 12, 2020, it is necessary to amend Instruction Normative BCB No. 524, of September 18, 2024, so that the institutions referred to in the previous paragraph send the document related to Daily Accounting Balances, document code 4111, starting from July 1, 2025.

4. Decree No.
   10.411, of June 30, 2020, regulates the implementation of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts of general interest of economic agents. However, in its article 4, the aforementioned decree establishes the hypotheses for dispensing with the implementation of AIR. This Instruction Normative BCB (IN BCB) falls under the hypothesis provided for in item II - normative act designed to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives.

5. The alteration
   introduced by Resolution BCB No. 429, of November 11, 2024, in Resolution BCB No. 1, of August 12, 2020, determined that payment institutions that fall under the provisions of art. 3º, § 9º of Resolution BCB No. 1, of August 12 2020, send the information related to Daily Accounting Balances, in accordance with art. 2, caput, items I and III, of Resolution BCB No. 208, of March 22, 2022. With this, there was no alternative but to amend the IN BCB that regulates the transmission of this information to the Central Bank of Brazil to include this new obligation, thus justifying the classification of the present IN BCB under item II of Decree No. 10.411, of June 30, 2020.

6. Thus, based on
   the provisions of paragraphs 4 and 5, I understand that the issuance of the present IN BCB is dispensed from the implementation of AIR.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA
Head of the Department of Financial System Monitoring