Normative Instruction BCB No. 447 of January 4, 2024

Cosif - Creation of accounts for recording Precatórios

NORMATIVE INSTRUCTION BCB NO. 447, OF JANUARY 4, 2024

Amends Normative Instruction BCB No. 268, of April 1, 2022, to create accounting rubrics for the list of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

The Acting 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 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,

RESOLVES:

Article 1. Normative Instruction BCB No. 268, of April 1, 2022, shall enter into force with the following amendments:

"Article 53-A.
.......................................................................................................

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

§ 1.
.................................................................................................................

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

III - 1.8.6.40.00-5 CREDIT RIGHTS IN EXECUTION PROCEEDINGS - OWN, all with attributes UBDKIFJACTSWRLMNHYZ:

a) 1.8.6.40.10-8 Against the Union; and

b) 1.8.6.40.20-1 Against States, Federal District, and Municipalities;

IV - 1.8.6.50.00-2 CREDIT RIGHTS IN EXECUTION PROCEEDINGS - ACQUIRED - WITH PUBLIC REGISTRY, all with attributes UBDKIFJACTSWRLMNHYZ:

a) 1.8.6.50.10-5 Against the Union; and

b) 1.8.6.50.20-8 Against States, Federal District, and Municipalities; and

................................................................................................................”
(NR)

Article 2. The provisions of this Normative Instruction apply to accounting documents prepared from the January 2024 reporting base.

Article 3. Item V of § 1 of Article 53-A of Normative Instruction BCB No. 268, of 2022, is hereby revoked.

Article 4. This Normative Instruction enters into force on the date of its publication.

Uverlan Rodrigues
Primo

NOTE 7/2024 – BCB/DENOR, OF JANUARY 4, 2024

Justifies the proposal for the issuance of a normative instruction to amend Normative Instruction No. 268, of April 1, 2022, which defines the accounting rubrics of the Realizable Asset group in the list of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Acting Head of Denor,

The present Note justifies the proposal for the issuance of a normative instruction aimed at amending Normative Instruction No. 268, of April 1, 2022, which defines the accounting rubrics of the Realizable Asset group in the list of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), according to 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 (BCB), 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.

2. Normative Instruction BCB No. 442, of December 20, 2023, which amended, among others, Normative Instruction No. 268, of 2022, was issued to update the chart of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), in order to allow accounting disclosure and monitoring of exposures resulting from legal actions against the Union, States, Federal District, and Municipalities, as established by BCB Resolution No. 229, of May 12, 2022, with wording from BCB Resolution No. 346, of October 5, 2023.

3. However, it is necessary to correct the numerical code of certain accounting rubrics of Normative Instruction BCB No. 268, of 2022, as well as reorder certain items, through the issuance of a new normative instruction.

4. Additionally, in compliance with Article 5 of Law No. 13,874, of September 20, 2019, Decree No. 10,411, of 2020, determines that proposals for normative acts of general interest to economic agents formulated by direct, autarchic, and foundation federal public administration bodies and entities, 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).

5. However, as provided in Article 4, items II and III, of this Decree, the obligation to prepare an RIA may be waived, provided there is a reasoned decision by the competent body or entity, 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 for a low-impact normative act. Thus, in light of these provisions, the normative instruction currently proposed is exempt from the preparation of an RIA.

                        For your consideration.
   

Antonio
Augusto de Sá Freire Filho

Acting Unit Head

Agreed.

Uverlan
Rodrigues Primo

Acting Department Head