RegAlert2023-12-22 | Instrução Normativa BCB 446Added
Normative Instruction BCB No. 446 — Amending the Text of Circular Letter No. 3,850 of December 19, 2017
This instruction amends Circular Letter No. 3,850 of December 19, 2017, to align its accounting rubrics with the consolidated regulatory accounting standard (Cosif) for institutions regulated by the Central Bank of Brazil. It mandates the inclusion of accounts 7.9.0.00.00-0 and 8.9.0.00-7 in the calculation of regulatory capital, while requiring the deduction of preferred shares (accounts 6.1.1.10.17-3 and 6.1.1.10.27-6), pending capital increases (account 6.1.1.20.00-8), and controlled investment funds (accounts 6.4.1.10.80-2 and 6.4.1.10.90-5) from regulatory capital. The regulation enters into force on January 2, 2024.
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INSTRUCTION OF THE CENTRAL BANK OF BRAZIL NO. 446, OF DECEMBER 22, 2023
Amends the text of Circular Letter No. 3,850, of December 19, 2017.
The Head of the Prudential and Exchange Regulation Department (Dereg), acting in substitution, using the powers conferred upon her by Article 23, item I, letter “a”, and Article 119, item I, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, and considering Resolution No. 4,606, of October 19, 2017, Resolutions BCB Nos. 198 and 201, both of March 11, 2022, and Circular Letters Nos. 3,861, 3,862, and 3,863, of December 7, 2017,
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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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