Normative Instruction BCB No. 316 of October 27, 2022

Resolution No. 222

NORMATIVE INSTRUCTION BCB NO. 316, OF OCTOBER 27, 2022

Amends Instructions Normative BCB Nos. 268, 269, 270, 273, and 275, all dated April 1, 2022, which define accounting line items of the account list 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 Financial System Regulation Department (Denor), using the authority granted to him by Art. 23, item I, letter "a" of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on Art. 12 of CMN Resolution No. 4,858, of October 23, 2020, and Art. 10 of BCB Resolution No. 92, of May 6, 2021,

RESOLVES:

Art. 1. Instruction Normative BCB No. 268, of April 1, 2022, shall enter into force with the following amendments:

“Art. 25. ............................................................................................................

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VIII - 1.4.2.35.00-5 CENTRAL BANK – OTHER DEPOSITS, with attributes UBDKIFJACTSWERLMNZ, whose function is to record deposits made at the Central Bank of Brazil for which there is no specific account;

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“Art. 34. ............................................................................................................

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§1. ..................................................................................................................

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II - ..................................................................................................................

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d) 1.6.2.25.50-1 Imports – Not Covered by Letter of Credit – CCR, with attributes UBILNZ, and

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“Art. 55. ............................................................................................................

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XIX - 1.8.8.79.00-3 VALUES TO BE RECEIVED RELATING TO PAYMENT TRANSACTIONS, with attributes UBDIFJASERLMNYZ, whose function is to record amounts to be received from end users, relating to payment transactions;

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“Art. 56. ............................................................................................................

I - 1.8.9.96.00-3 (-) PROVISION FOR VALUES TO BE RECEIVED RELATING TO PAYMENT TRANSACTIONS, with attributes UBDIFJASERLMNYZ and Estban code 174, whose function is to record the provision regarding probable losses in amounts to be received from end users, relating to payment transactions; and

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Art. 2. Instruction Normative BCB No. 269, of April 1, 2022, shall enter into force with the following amendments:

“Art. 5. ............................................................................................................

Sole Paragraph. ..........................................................................................

I - ..................................................................................................................

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e) 2.1.2.10.21-9 Other Participations – Equity Method Value, with attributes UBDKIFJACTSWERLMNHYZ;

f) 2.1.2.10.22-6 Other Participations – Goodwill Based on Expected Future Profitability, with attributes UBKIFJACTSWERLMNHYZ;

g) 2.1.2.10.23-3 Other Participations – Difference Between Fair Value and Book Value of Assets and Liabilities, with attributes UBKIFJACTSWERLMNHYZ;

h) 2.1.2.10.24-0 Other Participations – Unrecorded Assets and Liabilities in the Investee, with attributes UBKIFJACTSWERLMNHYZ; and

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Art. 3. Instruction Normative BCB No. 270, of April 1, 2022, shall enter into force with the following amendments:

“Art. 11. ............................................................................................................

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XXXI - 3.0.9.56.00-7 TOTAL QUANTITY OF GOLD IN GRAMS, with attributes UBICTLMZ, whose function is to record the quantity (in grams) acquired and sold of raw gold and refined gold, according to invoices, accumulated during the current fiscal year, in counterpart to title 9.0.9.56.00-9 TOTAL QUANTITY OF GOLD IN GRAMS;

XXXII - 3.0.9.57.00-6 VALUE OF GOLD TRANSACTIONS IN REALS, with attributes UBICTLMZ, whose function is to record the values of raw gold and refined gold acquisition and sales transactions, according to invoices, accumulated during the current fiscal year, in counterpart to title 9.0.9.57.00-8 TOTAL VALUE OF GOLD TRANSACTIONS IN REALS;

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Art. 4. Instruction Normative BCB No. 273, of April 1, 2022, shall enter into force with the following amendments:

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

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III - 7.1.4.40.00-8 INCOME FROM VOLUNTARY APPLICATIONS AT THE CENTRAL BANK, with attributes UBDKIFJACTSWERLMNZ, whose function is to record the income from voluntary applications at the Central Bank of Brazil that constitute actual revenue of the institution in the period.

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Art. 5. Instruction Normative BCB No. 275, of April 1, 2022, shall enter into force with the following amendments:

“Art. 11. ............................................................................................................

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§ 1. .................................................................................................................

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VI - ...................................................................................................................

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b) 9.0.9.60.15-0 Write-off of Credits Between 13 and 48 Months, with attributes UBDKIFJACTSWERLMNYZ; and

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Art. 6. The provisions of this Instruction Normative apply to accounting documents prepared from the reference date of November 2022.

Art. 7. This Instruction Normative enters into force on November 1, 2022.

João André Calvino Marques Pereira

Note 1444 /2022 – BCB/DENOR, OF OCTOBER 27, 2022

Supports proposal for issuance of normative instruction that amends accounting line items of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil - Cosif.

Dear Head of Denor,

This Note supports the proposal for issuance of a normative instruction by the Financial System Regulation Department (Denor), using the authority granted to him by Art. 23, item I, letter "a" of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on Art. 12 of CMN Resolution No. 4,858, of October 23, 2020, and Art. 10 of BCB Resolution No. 92, of May 6, 2021, amending accounting line items of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil - Cosif.

2. The proposal proposes to make minor adjustments, such as the inclusion of attributes, correction of account codes, among others, in Instructions Normative BCB Nos. 268, 269, 270, 273, and 275, all dated April 1, 2022, which consolidate, in accordance with Decree No. 10,139, of November 28, 2019, in a single normative act, the accounting line items of each of the following accounting groups that make up the Cosif Account List: Realizable Assets; Permanent Assets; Active Compensation; Deficit Result; and Passive Compensation.

3. In compliance with the provisions of Art. 5 of Law No. 13,874, of September 20, 2019, Decree No. 10,411, of June 30, 2020, determines that proposals for normative acts of general interest for economic agents formulated by bodies and entities of the direct, autarchic, and foundation federal administration, as well as by collegiate bodies through the body or entity responsible for providing them administrative support, must be preceded by Regulatory Impact Analysis (RIA).

4. It should be noted that none of the normative acts whose amendment is proposed were subject to RIA, since, according to item VI of § 2 of Art. 3 of the aforementioned Decree, the obligation of RIA does not apply to normative acts that aim to consolidate other norms on specific matters, without alteration of merit. Additionally, considering that the normative act currently proposed makes only some adjustments to the already issued norms, we understand that it is a normative act of low or no impact, which, according to Art. 4, III, of the aforementioned Decree, is a case of exemption from RIA.

5. Thus, in view of the above, the normative instruction currently proposed is also exempt from the preparation of RIA. Finally, given the need to make the mentioned amendments in a timely manner, including to allow the submission of accounting documents to this Central Bank, we understand that this is an urgent measure, which justifies the proposed norms entering into force on November 1, 2022.

For your consideration.

Uverlan Rodrigues Primo
Deputy Head

Agreed.

João André Calvino Marques Pereira
Department Head