Normative Instruction BCB No. 404 of July 24, 2023: Creates and Alters Accounting Items in the Chart of Accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif)

Resolution No. 222

NORMATIVE INSTRUCTION BCB NO. 404, OF JULY 24, 2023

Creates and alters accounting items in the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

The Head of the Financial System Regulation Department (Denor), using the authority granted 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. Normative Instruction BCB No. 268, of April 1, 2022, shall be in effect with the following alterations:

"Art. 17. ...........................................................................................................

.........................................................................................................................

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

I - 1.3.2.10.03-8 Financial Letters of the Treasury, with attributes UBDKIFJACTSWRLMNHYZ;

II - 1.3.2.10.05-2 National Treasury Letters, with attributes UBDKIFJACTSWRLMNHYZ;

III - 1.3.2.10.07-6 National Treasury Notes, with attributes UBDKIFJACTSWRLMNHYZ;

IV - 1.3.2.10.10-0 National Treasury Obligations, with attributes UBDKIFJACTSWRLMNHYZ;

V - 1.3.2.10.25-8 Bank Deposit Certificates, with attributes UBIFCTLMNZ;

VI - 1.3.2.10.30-6 CDB – Financial Institution Affiliated, with attributes UBIFCTLMZ;

VII - 1.3.2.10.35-1 Letters of Exchange, with attributes UBIFCTLMNZ;

VIII - 1.3.2.10.62-9 Real Estate Receivable Certificates, with attributes UBIFCTLMNZ;

IX - 1.3.2.10.65-0 Debentures, with attributes UBIFCTLMNZ;

X - 1.3.2.10.70-8 Obligations of the Union Abroad, with attributes UBIFCTELMNZ;

XI - 1.3.2.10.85-6 Other Obligations Abroad, with attributes UBIFCTLMZ; and

XII - 1.3.2.10.99-7 Others, with attributes UBIFCTLMNZ." (NR)

Art. 2. Normative Instruction BCB No. 270, of April 1, 2022, shall be in effect with the following alterations:

"Art. 11. ...........................................................................................................

.........................................................................................................................

LX - 3.0.9.97.00-4 EQUITY REQUIRED FOR MARKET RISK COVERAGE, with attributes UBDKIFACTSWRLMNZ, whose function is to record values related to the equity requirement for market risk coverage, in counterpart to title 9.0.9.97.00-6 EQUITY REQUIRED FOR MARKET RISK COVERAGE;

LXI - 3.0.9.99.00-2 OTHER ACTIVE CLEARING ACCOUNTS, with attributes UBDKIFJACTSWRLMNHYZ, whose function is to record the following information not susceptible to recording in other clearing accounts, in counterpart to title 9.0.9.99.00-4 OTHER PASSIVE CLEARING ACCOUNTS:

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

b) control information related to equity and result elements, as required by specific regulation; and

LXII - 3.0.9.68.00-2 OPERATIONS OF THE DESENROLA BRASIL PROGRAM, with attributes UBDKFJSWRLMNZ, whose function is to record values related to debt renegotiation operations, of own portfolio or assumed from third parties, contracted in the capacity of financial agents, within the scope of the Emergency Debt Renegotiation Program for Defaulted Individuals - Desenrola Brasil, in counterpart to title 9.0.9.68.00-4 OPERATIONS OF THE DESENROLA BRASIL PROGRAM.

§ 1º .................................................................................................................

.........................................................................................................................

XXV - 3.0.9.89.00-5 DEFERRED TAX ASSETS – LIMITS, all with attributes UBDKIFJACTSWRLMNZ:

a) 3.0.9.89.10-8 Deferred Tax Assets Originated from Supervening Depreciation, which is intended to record values related to deferred tax assets originated from tax losses caused by the exclusion of revenue from supervening depreciation of assets subject to leasing operations, up to the limit of corresponding deferred tax obligations, recorded in title 4.9.4.30.00-2 PROVISION FOR DEFERRED TAXES AND CONTRIBUTIONS; and

b) 3.0.9.89.30-4 Deferred Tax Assets Excluded from Level I of PR, which is intended to record, for risk weighting purposes, values related to deferred tax assets excluded for the calculation of Level I of Reference Equity (PR), according to current regulation;

XXVI - 3.0.9.97.00-4 EQUITY REQUIRED FOR MARKET RISK COVERAGE, all with attributes UBDKIFACTSWRLMNZ:

a) 3.0.9.97.10-7 Exchange Rate, which is intended to record the equity requirement for market risk coverage of the total exposure to gold and to assets and liabilities referenced by exchange rate variation; and

b) 3.0.9.97.20-0 Interest Rate, which is intended to record the equity requirement for market risk coverage of the total exposure to interest rate variation; and

XXVII - 3.0.9.68.00-2 OPERATIONS OF THE DESENROLA BRASIL PROGRAM, all with attributes UBDKFJSWRLMNZ:

a) 3.0.9.68.10-5 Desenrola Brasil – Range 1, which is intended to record Range 1 operations contracted within the scope of the Emergency Debt Renegotiation Program for Defaulted Individuals - Desenrola Brasil; and

b) 3.0.9.68.20-8 Desenrola Brasil – Range 2, which is intended to record Range 2 operations contracted within the scope of the Emergency Debt Renegotiation Program for Defaulted Individuals - Desenrola Brasil.

................................................................................................................" (NR)

Art. 3. Normative Instruction BCB No. 271, of April 1, 2022, shall be in effect with the following alterations:

"Art. 14. ...........................................................................................................

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

.........................................................................................................................

XI - 4.2.1.10.92-7 Obligations of the Union Abroad, with attributes UBIFCTLMNZ;

................................................................................................................" (NR)

Art. 4. Normative Instruction BCB No. 275, of April 1, 2022, shall be in effect with the following alterations:

"Art. 11. ...........................................................................................................

.........................................................................................................................

LX - 9.0.9.97.00-6 EQUITY REQUIRED FOR MARKET RISK COVERAGE, with attributes UBDKIFACTSWRLMNZ, whose function is to record values related to the equity requirement for market risk coverage, in counterpart to title 3.0.9.97.00-4 EQUITY REQUIRED FOR MARKET RISK COVERAGE;

LXI - 9.0.9.99.00-4 OTHER PASSIVE CLEARING ACCOUNTS, with attributes UBDKIFJACTSWRLMNHYZ, whose function is to record the following information not susceptible to recording in other clearing accounts, in counterpart to title 3.0.9.99.00-2 OTHER ACTIVE CLEARING ACCOUNTS:

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

b) control information related to equity and result elements, as required by specific regulation; and

LXII - 9.0.9.68.00-4 OPERATIONS OF THE DESENROLA BRASIL PROGRAM, with attributes UBDKFJSWRLMNZ, whose function is to record values related to debt renegotiation operations, of own portfolio or assumed from third parties, contracted in the capacity of financial agents, within the scope of the Emergency Debt Renegotiation Program for Defaulted Individuals - Desenrola Brasil, in counterpart to title 3.0.9.68.00-2 OPERATIONS OF THE DESENROLA BRASIL PROGRAM.

................................................................................................................" (NR)

Art. 5. The provisions of this Normative Instruction apply to accounting documents prepared from the reporting date of August 2023.

Sole Paragraph. From the reporting date mentioned in the caput, any accounting balances recorded in other accounting items must be reclassified to the appropriate accounting items created by this Normative Instruction, observing the provisions and deadlines established in current regulation.

Art. 6. This Normative Instruction enters into force on August 1, 2023.

João André Calvino Marques Pereira

NOTE 643/2023–BCB/DENOR, OF JULY 24, 2023

Justifies proposal for the issuance of a normative instruction that alters the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil – Cosif.

Dear Head of Denor,

This Note justifies a proposal for the issuance of a normative instruction by the Financial System Regulation Department (Denor), using the authority granted 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, to alter the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

2. The normative act proposal seeks to adapt the Cosif chart of accounts to enable the recording of operations carried out within the scope of the Emergency Debt Renegotiation Program for Defaulted Individuals - Desenrola Brasil, established by Provisional Measure No. 1,176, of June 5, 2023, as well as to correct account attributes.

3. It should be clarified that, in compliance with Art. 5 of Law No. 13,874, of September 20, 2019, Decree No. 10,411, of June 30, 2020, determines that normative act proposals of general interest to 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 administrative support, must be preceded by a Regulatory Impact Analysis (RIA).

4. However, as provided by item II of Art. 4 of the aforementioned Decree, the requirement for an RIA does not apply to normative acts intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, such as the items created for recording the operations referred to in MP No. 1,176, of 2023, which, in its Art. 14, assigns the Central Bank of Brazil the responsibility for supervising the Desenrola Brasil Program, with this agency tasked with monitoring, evaluating, and monthly disclosing the results obtained within the Program. For this purpose, accounting recording of the Program's operations by institutions acting as financial agents is indispensable. Thus, considering this provision, the normative instruction proposal presented here is exempt from the preparation of an RIA.

For your consideration.

Uverlan Rodrigues Primo
Deputy Head

Agreed.

João André Calvino Marques Pereira
Department Head