2023-12-01 | Instrução Normativa BCB 431

Added 2026-09-26

Normative Instruction BCB No. 431 of December 1, 2023: Defines Accounting Items for the Creditor Result Group in the Cosif Chart of Accounts

Normative Instruction BCB No. 431 defines the specific accounting items for the Creditor Result group (Group 7) within the Cosif chart of accounts, requiring financial institutions to record effective revenues and other creditor results into segregated subgroups for operating revenues, non-operating revenues, and result determination. The regulation mandates that bookkeeping exclude exchange rate variations, fair value adjustments, and fair value hedge adjustments, with specific exceptions for service provision, investment revenues, and other operating revenues, as well as for investment funds and derivatives. These accounting rules apply to documents prepared from the January 2025 reference date, and the instruction officially enters into force on January 1, 2025, simultaneously revoking the previous Normative Instruction BCB No. 273.

Brazil

Banco Central do Brasil

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Resolution No. 222

NORMATIVE INSTRUCTION BCB NO. 431, OF DECEMBER 1, 2023

Defines the accounting items of the Creditor Result group in the list of accounts of the Accounting Standard for 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 conferred upon him by Article 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, 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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amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

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Supersedes

Normative Instruction No. 273 dated 2022-04-01not in RegAlert

Amended by

Normative Instruction BCB No. 737 of May 20, 20262026Normative Instruction BCB No. 734 — Amending Cosif Accounting Standards2026Normative Instruction BCB No. 687 — Amends Normative Instructions BCB Nos. 426, 428, 429, 431, 432 and 433, all of December 1, 2023, which define accounting items of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif)2025Normative Instruction BCB No. 671 — Amends Normative Instructions BCB Nos. 426, 427, 428, 429, 431 and 432 of December 1, 2023, Defining Accounting Line Items of the Chart of Accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif)2025Normative Instruction BCB No. 619 – Amends BCB Normative Instructions 426, 428, 429, 431, 432 and 433 (Dec 1 2023) defining Cosif accounting items2025Normative Instruction BCB No. 541 — Amends Normative Instruction BCB No. 431 of December 1, 2023, to define accounting items for the Creditor Result group of the Chart of Accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif)2024

+2 more

Normative Instruction BCB No. 473 of May 23, 20242024Normative Instruction BCB No. 469 of May 3, 20242024

Amends

Normative Instruction No. 498 dated 2024-07-26not in RegAlertNormative Instruction No. 619 dated 2025-05-09not in RegAlert

Issued under

CMN Resolution No. 4,858 — Establishes the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif)2020Resolution No. 340 dated 2023-09-21not in RegAlertResolution No. 92 dated 2021-05-06not in RegAlert

Referred to by

Instruction Normative BCB No. 570 — Sets the deadline for submitting the base dates for January, February, and March 2025 of document code 4111 – Daily Accounting Balances2024Instruction BCB No. 544 — Amends the Filling Instructions for Document Code 2300 - External Resource Borrowing2024Normative Instruction BCB No. 524 of September 18, 2024: Establishes Procedures for Daily Submission of Accounting Balances and Payment Transaction Volumes to the Central Bank of Brazil2024Instruction Normative BCB No. 522 — Consolidates Procedures for Remitting Banking Statistics by Commercial Banks, Multiple Banks with Commercial Portfolios, and Caixa Econômica Federal2024Instruction Normative BCB No. 505 — Amends Instruction Normative BCB No. 142 of August 16, 2021, Regarding Procedures for Submitting Financial Statements by Institutions in Extrajudicial Liquidation2024Central Bank of Brazil Instruction Normative No. 474 of May 23, 20242024

Timeline

Amended 8 times · last 2026-05-20

• 2026-05-20BCBNormative Instruction BCB No. 737 of May 20, 2026amends
• 2026-05-05BCBNormative Instruction BCB No. 734 — Amending Cosif Accounting Standardsamends
• 2025-12-09BCBNormative Instruction BCB No. 687 — Amends Normative Instructions BCB Nos. 426, 428, 429, 431, 432 and 433, all of December 1, 2023, which define accounting items of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif)amends
• 2025-10-01BCBNormative Instruction BCB No. 671 — Amends Normative Instructions BCB Nos. 426, 427, 428, 429, 431 and 432 of December 1, 2023, Defining Accounting Line Items of the Chart of Accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif)amends
• 2025-05-09BCBNormative Instruction BCB No. 619 – Amends BCB Normative Instructions 426, 428, 429, 431, 432 and 433 (Dec 1 2023) defining Cosif accounting itemsamends

Show all 8

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