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, 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,

R E S O L V E S:

CHAPTER I
OBJECT AND SCOPE OF APPLICATION

Article 1. This Normative Instruction 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.

CHAPTER II
ASSETS

Article 2. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must record their assets in group 1.00.00.00.00-9 Assets, segregated into the following subgroups:

I - 1.10.00.00.00-2 Financial Instruments;

II - 1.20.00.00.00-5 Leasing;

III - 1.30.00.00.00-8 Provisions;

IV - 1.35.00.00.00-3 Consortium Groups;

V - 1.40.00.00.00-1 Assets Held for Sale;

VI - 1.50.00.00.00-4 Share-Based Payment;

VII - 1.60.00.00.00-7 Social and Labor Assets;

VIII - 1.62.00.00.00-1 Service Contract Assets;

IX - 1.70.00.00.00-0 Tax Assets;

X - 1.75.00.00.00-5 Other Non-Financial Assets;

XI - 1.80.00.00.00-3 Investments;

XII - 1.85.00.00.00-8 Fixed Assets;

XIII - 1.88.00.00.00-9 Intangible Assets; and

XIV - 1.95.00.00.00-1 Entities in Liquidation.

CHAPTER III
LIABILITIES

Article 3. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must record their liabilities in group 2.00.00.00.00-8 Liabilities, segregated into the following subgroups:

I - 2.10.00.00.00-1 Financial Instruments;

II - 2.20.00.00.00-4 Leasing;

III - 2.30.00.00.00-7 Provisions;

IV - 2.35.00.00.00-2 Consortium Groups;

V - 2.40.00.00.00-0 Assets Held for Sale;

VI - 2.50.00.00.00-3 Share-Based Payment;

VII - 2.60.00.00.00-6 Social and Labor Obligations;

VIII - 2.62.00.00.00-0 Service Contract Liabilities;

IX - 2.70.00.00.00-9 Tax Liabilities;

X - 2.75.00.00.00-4 Other Non-Financial Liabilities;

XI - 2.80.00.00.00-2 Investments;

XII - 2.85.00.00.00-7 Fixed Assets;

XIII - 2.88.00.00.00-8 Intangible Assets; and

XIV - 2.95.00.00.00-0 Entities in Liquidation.

CHAPTER IV
EQUITY

Article 4. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must record their equity in group 3.00.00.00.00-7 Equity, segregated into the following subgroups:

I - 3.01.00.00.00-4 Share Capital;

II - 3.03.00.00.00-8 Reserves;

III - 3.05.00.00.00-2 Other Comprehensive Income;

IV - 3.07.00.00.00-6 Accumulated Profits or Losses;

V - 3.08.00.00.00-3 Treasury Shares (-); and

VI - 3.09.00.00.00-0 Non-Controlling Interests.

CHAPTER V
INCOME RESULT

Article 5. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must record their revenues and other income results in group 4.00.00.00.00-6 Income Result, segregated into the following subgroups:

I - 4.10.00.00.00-9 Financial Instruments;

II - 4.20.00.00.00-2 Leasing;

III - 4.30.00.00.00-5 Provisions;

IV - 4.40.00.00.00-8 Assets Held for Sale;

V - 4.50.00.00.00-1 Share-Based Payment;

VI - 4.60.00.00.00-4 Social and Labor Obligations;

VII - 4.62.00.00.00-8 Services;

VIII - 4.70.00.00.00-7 Tax Assets/Liabilities;

IX - 4.75.00.00.00-2 Other Non-Financial Assets/Liabilities;

X - 4.80.00.00.00-0 Investments;

XI - 4.85.00.00.00-5 Fixed Assets;

XII - 4.88.00.00.00-6 Intangible Assets;

XIII - 4.90.00.00.00-3 Other Revenues; and

XIV - 4.95.00.00.00-8 Entities in Liquidation.

CHAPTER VI
EXPENSE RESULT

Article 6. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil must record their expenses and other expense results in group 5.00.00.00.00-5 Expense Result, segregated into the following subgroups:

I - 5.10.00.00.00-8 Financial Instruments;

II - 5.20.00.00.00-1 Leasing;

III - 5.30.00.00.00-4 Provisions;

IV - 5.40.00.00.00-7 Assets Held for Sale;

V - 5.50.00.00.00-0 Share-Based Payment;

VI - 5.60.00.00.00-3 Social and Labor Obligations;

VII - 5.62.00.00.00-7 Services;

VIII - 5.70.00.00.00-6 Tax Assets/Liabilities;

IX - 5.75.00.00.00-1 Other Non-Financial Assets/Liabilities;

X - 5.80.00.00.00-9 Investments;

XI - 5.85.00.00.00-4 Fixed Assets;

XII - 5.88.00.00.00-5 Intangible Assets;

XIII - 5.90.00.00.00-2 Other Expenses; and

XIV - 5.95.00.00.00-7 Entities in Liquidation.

CHAPTER VII
ASSET OFFSETTING

Article 7. The institutions mentioned in Article 2 must record in group 8.00.00.00.00-2 Asset Offsetting:

I - information on events and transactions whose effects may translate into future modifications to the institution's equity; and

II - control information related to equity and result elements.

Sole Paragraph. The group referred to in the main text must be segregated into the following subgroups:

I - 8.10.00.00.00-5 Financial Instruments;

II - 8.20.00.00.00-8 Leasing;

III - 8.30.00.00.00-1 Provisions;

IV - 8.35.00.00.00-6 Consortium Groups;

V - 8.40.00.00.00-4 Assets Held for Sale;

VI - 8.50.00.00.00-7 Share-Based Payment;

VII - 8.60.00.00.00-0 Social and Labor Obligations;

VIII - 8.62.00.00.00-4 Services;

IX - 8.70.00.00.00-3 Tax Assets/Liabilities;

X - 8.75.00.00.00-8 Other Non-Financial Assets/Liabilities;

XI - 8.80.00.00.00-6 Investments;

XII - 8.85.00.00.00-1 Fixed Assets;

XIII - 8.88.00.00.00-2 Intangible Assets;

XIV - 8.90.00.00.00-9 Other Revenues/Expenses

XV - 8.92.00.00.00-3 Equity;

XVI - 8.95.00.00.00-4 Entities in Liquidation; and

XVII - 8.99.00.00.00-2 Other Controls.

CHAPTER VII
LIABILITY OFFSETTING

Article 8. The institutions mentioned in Article 2 must record in group 9.00.00.00.00-1 Liability Offsetting:

I - information on events and transactions whose effects may translate into future modifications to the institution's equity; and

II - control information related to equity and result elements.

Sole Paragraph. The group referred to in the main text must be segregated into the following subgroups:

I - 9.10.00.00.00-4 Financial Instruments;

II - 9.20.00.00.00-7 Leasing;

III - 9.30.00.00.00-0 Provisions;

IV - 9.35.00.00.00-5 Consortium Groups;

V - 9.40.00.00.00-3 Assets Held for Sale;

VI - 9.50.00.00.00-6 Share-Based Payment;

VII - 9.60.00.00.00-9 Social and Labor Obligations;

VIII - 9.62.00.00.00-3 Services;

IX - 9.70.00.00.00-2 Tax Assets/Liabilities;

X - 9.75.00.00.00-7 Other Non-Financial Assets/Liabilities;

XI - 9.80.00.00.00-5 Investments;

XII - 9.85.00.00.00-0 Fixed Assets;

XIII - 9.88.00.00.00-1 Intangible Assets;

XIV - 9.90.00.00.00-8 Other Revenues/Expenses;

XV - 9.92.00.00.00-2 Equity;

XVI - 9.95.00.00.00-3 Entities in Liquidation; and

XVII - 9.99.00.00.00-1 Other Controls.

CHAPTER VIII
FINAL PROVISIONS

Article 9. The provisions of this Normative Instruction apply to accounting documents prepared from the reporting date of January 2025.

Article 10. This Normative Instruction enters into force on January 1, 2025.

Article 10. This Normative Instruction enters into force on January 1, 2030. (Wording given, from 1/1/2025, by BCB Normative Instruction No. 579, of 12/27/2024.)

João André Calvino Marques Pereira

NOTE 1489/2022 – BCB/DENOR, OF NOVEMBER 4, 2022

Justifies the proposal for the issuance of a normative instruction that 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.

Dear Head of Denor:

This Technical Note justifies the proposal for the issuance of a normative instruction that 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, in accordance with the competence 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.

2. Given the issuance of BCB Resolution No. 255, of November 1, 2022, which reorders the structure of current accounts to allow for the creation of new items and to meet the needs arising from the implementation of international standards, the normative act currently proposed aims to alter the accounting subgroups of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) so that the definition of subgroups is aligned with the criteria and accounting procedures established in the regulation issued by the Monetary National Council or the Central Bank of Brazil.

3. In compliance with Article 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 direct, autarchic, and foundation agencies of the federal public administration, as well as by collegiate bodies through the agency or entity responsible for providing administrative support, must be preceded by a regulatory impact analysis (RIA).

4. However, as provided by Article 4, items II and VI, of this Decree, the obligation to prepare an RIA may be waived for a normative act that aims to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives or that aims to maintain convergence with international standards. Thus, in light of these provisions, the normative instruction currently proposed is exempt from the preparation of an RIA.

For your consideration.

Uverlan Rodrigues Primo
Deputy Head

Agreed.

João André Calvino Marques Pereira
Department Head