RegAlert2023-12-14 | Instrução Normativa BCB 438Added
Normative Instruction BCB No. 438 — Amends Normative Instruction BCB No. 236 Regarding Financial Statement Submission Procedures
This instruction amends Normative Instruction BCB No. 236 to update regulatory references for the submission of individual and consolidated financial statements to the Central Bank of Brazil's Financial Statements Central (CDSFN). It incorporates requirements from BCB Resolutions No. 310 and No. 352, mandating consolidated financial statements under International Accounting Standards Board (IASB) standards for specific payment institutions and allowing consortium administrators and payment institutions to submit consolidated statements under the Cosif accounting standard until the 2024 fiscal year. The document also updates the normative reference for the Unicad system and requires that consolidated statements be submitted via Document 9010 when specific accounting options are chosen. These changes take effect on January 2, 2024.
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BCB NORMATIVE INSTRUCTION NO. 438, OF DECEMBER 14, 2023
Amends BCB Normative Instruction No. 236, of February 17, 2022, which amends and consolidates the procedures for the submission of individual and consolidated financial statements, annual, semi-annual, and interim, for the purpose of disclosure in the Financial Statements Central of the National Financial System (CDSFN), as provided for in BCB Resolution No. 2, of August 12, 2020.
The Head of the Department of Financial System Monitoring (Desig), in the exercise of the authority conferred by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, based on Article 85, item I, letter “b”, of said Regulations, and in view of the provisions of Law No. 6,404, of December 15, 1976, CMN Resolutions Nos. 4,818, of May 29, 2020, 4,911, of May 27, 2021, 4,950, of September 30, 2021, and 4,966, of November 25, 2021, and BCB Resolutions Nos. 2, of August 12, 2020, 146, of September 28, 2021, 168, of December 1, 2021, 310, of April 12, 2023, and 352, of November 23, 2023,
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Show all related documents (12)
- Amends
- Instruction No. 236 dated 2022-02-17not in RegAlert
- Issued under
- Resolution CMN No. 4,966 — Accounting Concepts and Criteria for Financial Instruments and Hedge Accounting2021CMN Resolution No. 4,950 — Accounting Criteria for Prudential Conglomerate Consolidated Financial Statements2021BCB Resolution No. 146 — General Criteria for Preparation and Submission of Accounting Documents to the Central Bank of Brazil2021CMN Resolution No. 4,911 — General Criteria for Preparation and Submission of Accounting Documents to the Central Bank of Brazil2021CMN Resolution No. 4818 — Consolidates General Criteria for Preparation and Disclosure of Individual and Consolidated Financial Statements by Financial Institutions2020Resolution No. 340 dated 2023-09-21not in RegAlert
- Refers to
- Resolution BCB No. 352 of November 23, 2023: Accounting Concepts and Criteria for Financial Instruments and Hedge Accounting2023BCB Resolution No. 310 of April 12, 2023, amending Resolution BCB No. 2 of August 12, 2020, regarding financial statement preparation and disclosure criteria for consortium administrators and payment institutions2023BCB Resolution No. 209 — Establishes the System for Information on Entities of Interest to the Central Bank (Unicad)2022BCB Resolution No. 197 — Classifies prudential conglomerates including payment service institutions and establishes segmentation for Type 3 conglomerates for proportional prudential regulation2022Resolution BCB No. 168 — Accounting Criteria for Prudential Consolidated Documents2021
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
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