Normative Instruction BCB No. 318 — Defines the accounting subgroups 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

Normative Instruction BCB No. 318 establishes the specific accounting subgroups for assets, liabilities, equity, income, expenses, and offsetting accounts within the Cosif framework for financial institutions and other entities authorized by the Central Bank of Brazil. The regulation mandates that these accounting documents be prepared starting from the January 2025 reporting date, with the instruction entering into full force on January 1, 2030. This update aligns the accounting subgroups with international standards and the structural changes introduced by Resolution BCB No. 255.

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NORMATIVE INSTRUCTION BCB NO. 318, OF NOVEMBER 4, 2022

Defines the accounting subgroups 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 by Article 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 Article 12 of CMN Resolution No. 4,858, of October 23, 2020, and Article 10 of BCB Resolution No. 92, of May 6, 2021,

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Timeline

Amended 1 time · last 2024-12-27

2024-12-27BCBInstruction Normative BCB No. 579 of December 27, 2024amends

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