Normative Instruction BCB No. 459 — Amends Normative Instructions BCB Nos. 268, 270, 271, 273 and 275, and Normative Instruction BCB No. 315, to create and alter accounting items in the chart of accounts of the Accounting Standard for Regulated Institutions (Cosif)

Alterations of the Cosif

NORMATIVE INSTRUCTION BCB NO. 459, OF MARCH 26, 2024

Amends the BCB Normative Instructions Nos. 268, 270, 271, 273 and 275, all of April 1, 2022, and the BCB Normative Instruction No. 315, of October 27, 2022, to create and alter accounting items in the list of accounts of the Accounting Standard of the Institutions Regulated by the Central Bank of Brazil (Cosif).

The Head of the Department of Regulation of the Financial System (Denor), in the exercise of the authority conferred upon him by art. 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 arts. 12 of Resolution CMN No. 4,858, of October 23, 2020, and 10 of Resolution BCB No. 92, of May 6, 2021,

RESOLVES:

Art. 1º The BCB Normative Instruction No. 268, of April 1, 2022, shall enter into force with the following alterations:

"Art. 53.
....................................................................................................................

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

V - 1.8.5.50.00-9 RESTITUTION OF JUDICIAL AND ADMINISTRATIVE DEPOSITS, with attributes UBDIFSWERLMZ, whose function is to register the values subject to restitution resulting from resources withdrawn by depositors in judicial and administrative processes, originating from insufficiency of resources made available by the federative entities;

VI - 1.8.5.60.00-6 NATIONAL TREASURY – PAYMENTS TO BE REIMBURSED, with attributes MNZ, whose function is to register the amount of payments of contractual obligations and other charges made on behalf of the National Treasury that await reimbursement; and

VII - 1.8.5.90.00-7 NATIONAL TREASURY – EXTENSION OF AGRICULTURAL CREDIT, with attributes UBDKIFSWERLMNZ, whose function is to register:

a) the rights, against the National Treasury, resulting from the assignment of agricultural credit operations extended in the manner of Resolution No. 2,238, of January 31, 1996; and

b) the portion of the earnings earned in agricultural credit operations carried out with resources from the Worker Protection Fund – FAT and with other resources operated by the National Bank for Economic and Social Development – BNDES, whose equalization is contractually defined as being the responsibility of the National Treasury.

§ 1º The following accounting titles must be segregated into sub-titles:

I - 1.8.5.30.00-5 ADVANCES FOR PIS/PASEP PAYMENT, all with attributes MZ:

a) 1.8.5.30.10-8 Advances to Banks; and

b) 1.8.5.30.20-1 Advances to Companies; and

II - 1.8.5.50.00-9 RESTITUTION OF JUDICIAL AND ADMINISTRATIVE DEPOSITS, all with attributes UBDIFSWERLMZ:

a) 1.8.5.50.10-2 Restitution to the Union;

b) 1.8.5.50.20-5 Restitution to States and Federal District; and

c) 1.8.5.50.30-8 Restitution to Municipalities.

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

Art. 56.
.....................................................................................................................

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

II - 1.8.9.97.00-2 (-) PROVISION FOR LOSSES ON CREDIT RIGHTS ARISING FROM LAWSUITS, with attributes UBDKIFJACTSWRLMNHYZ and Estban code 174, whose function is to register the provision for losses regarding assets representing credit rights arising from lawsuits;

III - 1.8.9.98.00-1 (-) PROVISION FOR LOSSES IN RESTITUTION OF JUDICIAL AND ADMINISTRATIVE DEPOSITS, with attributes UBDIFSWERLMZ and Estban code 174, whose function is to register the provision for losses regarding the values of judicial and administrative deposits subject to restitution by public entities; and

IV - 1.8.9.99.00-0 (-) PROVISION FOR OTHER DOUBTFUL COLLECTION CREDITS, with attributes UBDKIFJACTSWERLMNHYZ and Estban code 174, whose function is to register the values intended to cover possible losses in other doubtful collection credits.

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

Art. 2º The BCB Normative Instruction No. 270, of April 1, 2022, shall enter into force with the following alterations:

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

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

XVI - 3.0.9.25.00-7 FUNDING EXPENSES – CONTROL, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to register funding expenses, in counterpart to title 9.0.9.25.00-9 EXPENSES INCURRED IN FUNDING – CONTROL;

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

XLIII - 3.0.9.73.00-4 REFERENCE EQUITY – ADJUSTMENTS, with attributes UBDKIFACTSWERLMNYZ, whose function is to register adjustments in the calculation of Reference Equity (PR) in accordance with current regulation, in counterpart to title 9.0.9.73.00-6 ADJUSTMENTS – REFERENCE EQUITY;

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

LXII - 3.0.9.68.00-2 OPERATIONS OF THE DESENROLA BRASIL PROGRAM, with attributes UBDKFJSWRLMNZ, whose function is to register the 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 Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, in counterpart to title 9.0.9.68.00-4 OPERATIONS OF THE DESENROLA BRASIL PROGRAM;

LXIII - 3.0.9.74.00-3 ACCOUNTING BALANCE OF CREDIT RIGHTS FROM JUDICIAL PROCESSES ON 06/30/2023, with attributes UBDKIFJACTSWRLMNHYZ, whose function is to register, by net provision balances, the accounting balance on June 30, 2023 of credit rights arising from judicial processes recognized in assets according to the criteria provided in current accounting regulation, in counterpart to title 9.0.9.74.00 ACCOUNTING BALANCE CREDIT RIGHTS JUDICIAL PROCESSES ON 06/30 – CONTROL;

LXIV - 3.0.9.07.00-1 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO THE UNION, with attributes UBDIFSWERLMZ, whose function is to register the updated values of judicial and administrative deposits transferred to the Union, according to current legislation, in counterpart to title 9.0.9.07.00-3 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO THE UNION;

LXV - 3.0.9.08.00-0 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO STATES AND FEDERAL DISTRICT, with attributes UBDIFSWERLMZ, whose function is to register the updated values of judicial and administrative deposits transferred to the States and to the Federal District, according to current legislation, in counterpart to title 9.0.9.08.00-2 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO STATES AND FEDERAL DISTRICT;

LXVI - 3.0.9.09.00-9 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO MUNICIPALITIES, with attributes UBDIFSWERLMZ, whose function is to register the updated values of judicial and administrative deposits transferred to the Municipalities, according to current legislation, in counterpart to title 9.0.9.09.00-1 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO MUNICIPALITIES; and

LXVII - 3.0.9.04.00-4 LIG, LCI AND LCA ISSUED – CONTROL, with attributes UBIFSWERLMNZ, whose function is to register the value of Guaranteed Real Estate Letters (LIG), Real Estate Credit Letters (LCI) and Agribusiness Credit Letters (LCA) issued, in counterpart to the sub-titles of title 9.0.9.04.00-6 CONTROL OF LIG, LCI AND LCA ISSUED.

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

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

VIII - 3.0.9.25.00-7 FUNDING EXPENSES – CONTROL:

a) 3.0.9.25.10-0 Funding Expenses, Except Exchange Variation, with attributes UBDKIFJACTSWERLMNHYZ, which is intended for the registration of the total of funding expenses actually recognized in the breakdown of sub-group 8.1.1.00.00-8 Funding Expenses, excluding values recognized exclusively as exchange variation;

b) 3.0.9.25.20-3 Exchange Variation in Funding Expenses, with attributes UBDKIFJACTSWERLMNHZ, which is intended for the registration of values actually recognized during the period in the breakdown of sub-group 8.1.1.00.00-8 Funding Expenses, relating exclusively to exchange variation; and

c) 3.0.9.25.90-4 Exchange Variation in Funding Expenses – Others, with attributes UBDKIFJACTSWERLMNHZ, which is intended for the registration of credit balances resulting from exchange variation occurring in the institution's funding expenses that have been registered in title 7.1.9.99.00-9 OTHER OPERATING INCOME, due to reclassification of values from the breakdown of sub-group 8.1.1.00.00-8 Funding Expenses;

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

XX - 3.0.9.73.00-4 REFERENCE EQUITY – ADJUSTMENTS, all with attributes UBDKIFACTSWERLMNYZ:

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

Art. 3º The BCB Normative Instruction No. 271, of April 1, 2022, shall enter into force with the following alterations:

“Art. 8º. ...................................................................................................................

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

III - 4.1.5.50.00-7 JUDICIAL AND ADMINISTRATIVE DEPOSITS MAINTAINED IN THE INSTITUTION, with attributes UBDIFSWERLMZ, whose function is to register the values of judicial and administrative deposits that have not been transferred to public entities, according to current legislation. The values of judicial and administrative deposits transferred to public entities must be registered in the appropriate compensation accounts.

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

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

II - 4.1.5.50.00-7 JUDICIAL AND ADMINISTRATIVE DEPOSITS MAINTAINED IN THE INSTITUTION, all with attributes UBDIFSWERLMZ:

a) 4.1.5.50.50-2 Judicial and Administrative Deposits That Do Not Constitute Reserve Fund, which is intended for the registration of the values of judicial and administrative deposits maintained in the institution that do not constitute a specific reserve fund, according to current legislation; and

b) 4.1.5.50.60-5 Judicial and Administrative Deposits That Constitute Reserve Fund, which is intended for the registration of the values of judicial and administrative deposits maintained in the institution that constitute a specific reserve fund, according to current legislation.

§ 2º The bookkeeping in accounting title 4.1.5.50.00-7 JUDICIAL AND ADMINISTRATIVE DEPOSITS MAINTAINED IN THE INSTITUTION must be done in the name of the client.” (NR)

“Art. 9º .....................................................................................................................

I - 4.1.6.10.00-2 SPECIAL DEPOSITS WITH REMUNERATION, with attributes UBDLMNZ, whose function is to register deposits whose movement is conditioned by application contracts or relevant legislation, on which charges apply, according to their modality;

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

“Art. 19. ....................................................................................................................

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

V - 4.3.2.40.00-9 OBLIGATIONS BY ISSUANCE OF AGRIBUSINESS CREDIT LETTERS, with attributes UBDIFRLMNZ, whose function is to register the obligations represented by agribusiness credit letters issued by the institution, segregated into accounting sub-titles according to the issuance date for the purpose of calculating the base for the contribution to the Credit Guarantee Fund (FGC);

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

Sole Paragraph: .......................................................................................................

I - 4.3.2.40.00-9 OBLIGATIONS BY ISSUANCE OF AGRIBUSINESS CREDIT LETTERS, all with attributes UBDIFRLMNZ:

a) 4.3.2.40.05-4 Issued up to May 23, 2013; and

b) 4.3.2.40.10-2 Issued after May 23, 2013; and

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

Art. 4º The BCB Normative Instruction No. 273, of April 1, 2022, shall enter into force with the following alterations:

“Art. 8º .....................................................................................................................

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

§ 4º ...........................................................................................................................

I - ...............................................................................................................................

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

q) 7.1.5.80.90-6 Others, with attributes UBDKIFJACTSWERLMNHYZ; and

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

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

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

X - 7.1.9.60.00-7 INCOME FROM CREDITS LINKED TO THE CENTRAL BANK, with attributes UBDKIFJACTSWERLMNYZ, Estban code 711, whose function is to register the income from deposits in foreign currencies, as well as from other deposits or collections made at the Central Bank of Brazil, which constitute effective revenue of the institution;

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

XX - 7.1.9.89.00-2 INCOME FROM RESTITUTION OF JUDICIAL AND ADMINISTRATIVE DEPOSITS, with attributes UBDIFSWERLMZ, Estban code 711, whose function is to register the income related to the rights to receive the values of judicial and administrative deposits subject to restitution by public entities;

XXI - 7.1.9.90.00-8 REVERSAL OF OPERATIONAL PROVISIONS, with attributes UBDKIFJACTSWERLMNHYZ, Estban code 711, whose function is to register the reversals of provisions constituted in previous fiscal years or semesters, except reversals of provisions constituted to meet the monthly appropriation of expenses, whose adjustments are made by reversing the corresponding expense or complementing the provision, if applicable; and

XXII - 7.1.9.99.00-9 OTHER OPERATING INCOME, with attributes UBDKIFJACTSWERLMNHYZ, Estban code 711, whose function is to register operating income that constitutes effective revenue of the institution in the period for which there is no specific account for bookkeeping, as well as for the reclassification of credit balances presented by result accounts of a debtor nature, resulting from the registration of the exchange variation incident on passive operations with a currency adjustment clause.

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

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

III - ...............................................................................................................................

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

c) 7.1.9.88.99-3 Others;

IV - ...............................................................................................................................

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

n) 7.1.9.90.99-8 Others, with attributes UBDKIFJACTSWERLMNHYZ; and

V - 7.1.9.89.00-2 INCOME FROM RESTITUTION OF JUDICIAL AND ADMINISTRATIVE DEPOSITS, all with attributes UBDIFSWERLMZ:

a) 7.1.9.89.10-5 Union;

b) 7.1.9.89.20-8 States and Federal District; and

c) 7.1.9.89.30-1 Municipalities.

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

Art. 5º The BCB Normative Instruction No. 275, of April 1, 2022, shall enter into force with the following alterations:

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

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

XVII - 9.0.9.25.00-9 EXPENSES INCURRED IN FUNDING – CONTROL, with attributes UBDKIFJACTSWERLMNHYZ, whose function is to register funding expenses, in counterpart to title 3.0.9.25.00-7 FUNDING EXPENSES – CONTROL;

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

XLIII - 9.0.9.73.00-6 ADJUSTMENTS – REFERENCE EQUITY, with attributes UBDKIFACTSWERLMNYZ, whose function is to register adjustments in the calculation of Reference Equity (PR), according to current regulation, in counterpart to title 3.0.9.73.00-4 REFERENCE EQUITY – ADJUSTMENTS;

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

LXII - 9.0.9.68.00-4 OPERATIONS OF THE DESENROLA BRASIL PROGRAM, with attributes UBDKFJSWRLMNZ, whose function is to register the 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 Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, in counterpart to title 3.0.9.68.00-2 OPERATIONS OF THE DESENROLA BRASIL PROGRAM;

LXIII - 9.0.9.74.00-5 ACCOUNTING BALANCE CREDIT RIGHTS JUDICIAL PROCESSES ON 06/30 – CONTROL, with attributes UBDKIFJACTSWRLMNHYZ, whose function is to register, by net provision balances, the accounting balance of credit rights arising from judicial processes on June 30, 2023, in counterpart to title 3.0.9.74.00-3 ACCOUNTING BALANCE CREDIT RIGHTS JUDICIAL PROCESSES ON 06/30;

LXIV - 9.0.9.07.00-3 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO THE UNION, with attributes UBDIFSWERLMZ, whose function is to register the updated values of judicial and administrative deposits transferred to the Union, according to current legislation, in counterpart to title 3.0.9.07.00-1 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO THE UNION;

LXV - 9.0.9.08.00-2 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO STATES AND FEDERAL DISTRICT, with attributes UBDIFSWERLMZ, whose function is to register the updated values of judicial and administrative deposits transferred to the States and to the Federal District, according to current legislation, in counterpart to title 3.0.9.08.00-0 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO STATES AND FEDERAL DISTRICT;

LXVI - 9.0.9.09.00-1 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO MUNICIPALITIES, with attributes UBDIFSWERLMZ, whose function is to register the updated values of judicial and administrative deposits transferred to Municipalities, according to current legislation, in counterpart to title 3.0.9.09.00-9 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO MUNICIPALITIES; and

LXVII - 9.0.9.04.00-6 CONTROL OF LIG, LCI AND LCA ISSUED, with attributes UBIFSWERLMNZ, whose function is to register, in the appropriate sub-titles, according to the issuance date, the value of Guaranteed Real Estate Letters (LIG), Real Estate Credit Letters (LCI) and Agribusiness Credit Letters (LCA) issued, in counterpart to title 3.0.9.04.00-4 LIG, LCI AND LCA ISSUED – CONTROL.

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

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

VIII - ...........................................................................................................................

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

c) 9.0.9.72.99-7 Other Capital Remunerations;

IX - ...............................................................................................................................

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

f) 9.0.9.81.06-7 Based on Res. 4,955/2021 – Reducer 100%;

X - 9.0.9.07.00-3 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO THE UNION, all with attributes UBDIFSWERLMZ:

a) 9.0.9.07.10-6 Actions in which the Public Entity is a Party; and

b) 9.0.9.07.20-9 Actions in which the Public Entity is Not a Party;

XI - 9.0.9.08.00-2 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO STATES AND FEDERAL DISTRICT, all with attributes UBDIFSWERLMZ:

a) 9.0.9.08.10-5 Actions in which the Public Entity is a Party; and

b) 9.0.9.08.20-8 Actions in which the Public Entity is Not a Party;

XII - 9.0.9.09.00-1 JUDICIAL AND ADMINISTRATIVE DEPOSITS TRANSFERRED TO MUNICIPALITIES, all with attributes UBDIFSWERLMZ:

a) 9.0.9.09.10-4 Actions in which the Public Entity is a Party; and

b) 9.0.9.09.20-7 Actions in which the Public Entity is Not a Party;

XIII - 9.0.9.04.00-6 CONTROL OF LIG, LCI AND LCA ISSUED:

a) 9.0.9.04.10-9 LIG Issued up to February 1, 2024, with attributes UBIFSWELM;

b) 9.0.9.04.11-6 LIG Issued from February 2, 2024, with attributes UBIFSWELM;

c) 9.0.9.04.20-2 LCI Issued up to February 1, 2024, with attributes UBISWERLMZ;

d) 9.0.9.04.21-9 LCI Issued from February 2, 2024, with attributes UBISWERLMZ;

e) 9.0.9.04.30-5 LCA Issued up to February 1, 2024, with attributes UBIFRLMNZ;

f) 9.0.9.04.31-2 LCA Issued between February 2, 2024 and June 30, 2024, with attributes UBIFRLMNZ;

g) 9.0.9.04.32-9 LCA Issued between July 1, 2024 and June 30, 2025, with attributes UBIFRLMNZ; and

h) 9.0.9.04.33-6 LCA Issued from July 1, 2025, with attributes UBIFRLMNZ.

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

Art. 6º The Normative Instruction BCB No. 315, of October 27, 2022, shall be enforced with the following alterations:

"Art. 4º .....................................................................................................................

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

VII - 8.1.1.40.00-6 (-)
EXPENSES OF JUDICIAL AND ADMINISTRATIVE DEPOSITS MAINTAINED IN THE INSTITUTION, with attributes UBDIFSWERLMZ, whose function is to record expenses incurred on judicial and administrative deposits that were not transferred to public entities, in accordance with current legislation;

VIII - 8.1.1.45.00-1 (-)
EXPENSES OF SPECIAL DEPOSITS, with attributes UBDLMZ, whose function is to record the expenses of raising special deposits that constitute the effective cost of the institution, in the period;

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

Sole Paragraph: .......................................................................................................

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

III -
.............................................................................................................................

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

c) 8.1.1.85.30-8 (-)
Additional Contribution, with attributes UBDIFSWELMNZ;

IV - .............................................................................................................................

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

b) 8.1.1.90.20-7 (-)
In National Currency, with attributes AWNHZ; and

V - 8.1.1.40.00-6 (-)
EXPENSES OF JUDICIAL AND ADMINISTRATIVE DEPOSITS MAINTAINED IN THE INSTITUTION, all with attributes UBDIFSWERLMZ:

a) 8.1.1.40.50-1 (-)
Expenses of Judicial and Administrative Deposits that Do Not Constitute a Reserve Fund, which is intended to record expenses incurred on judicial and administrative deposits maintained in the institution that do not constitute a specific reserve fund, in accordance with current legislation; and

b) 8.1.1.40.60-4 (-)
Expenses of Judicial and Administrative Deposits that Constitute a Reserve Fund, which is intended to record expenses incurred on judicial and administrative deposits maintained in the institution that constitute a specific reserve fund, in accordance with current legislation.” (NR)

“Art. 8º
......................................................................................................................

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

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

I - ...............................................................................................................................

p) 8.1.5.50.90-2 (-)
Others, with attributes UBDKIFJACTSWERLMNHYZ; and

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

“Art. 11. ....................................................................................................................

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

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

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

IV - .............................................................................................................................

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

s) 8.1.8.30.98-3 (-)
Provisions for Losses on Credit Rights Arising from Judicial Actions, with attributes UBDKIFJACTSWRLMNHYZ;

t) 8.1.8.30.99-0 (-)
Others, with attributes UBDKIFJACTSWERLMNHYZ; and

u) 8.1.8.30.45-7 (-)
Provisions for Losses on Refund of Judicial and Administrative Deposits, with attributes UBDIFSWERLMZ; and

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

Art. 7º The provisions of this Normative Instruction apply to accounting documents prepared from the May 2024 reference date.

Sole Paragraph. From the reference date mentioned in the caput, any accounting balances recorded in other accounting line items must be reclassified to the appropriate accounting line items created by this Normative Instruction.

Art. 8º This Normative Instruction enters into force on May 1, 2024.

GILNEU
FRANCISCO ASTOLFI VIVAN

NOTE
175/2024 – BCB/DENOR, OF MARCH 26, 2024

Justifies proposal for issuance of normative instruction that creates and alters accounting line items of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Sir Head of Denor,

1. The present Note justifies the proposal for issuance of a normative instruction that creates and alters accounting line items of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), in accordance with the competence of the Department of Regulation of the Financial System (Denor), in the exercise of the attribution conferred by art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil (BCB), annex to Resolution BCB No. 340, of September 21, 2023, based on arts. 12 of CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021.

2. Considering the understanding of the Attorney General's Office of the Central Bank (PGBC) regarding the transfer of resources related to judicial deposits to federative entities, embodied in Legal Opinion 493/2023-BCB/PGBC, of May 8, 2023, issued in response to a consultation formulated by the Department of Strategic Management and Specialized Supervision (Degef), it is necessary to alter the list of accounts of Cosif to give adequate accounting treatment to the matter.

3. In this sense, the implemented alterations aim to adapt Cosif to the principles of Law No. 9,703, of November 17, 1998, which provides for judicial and extrajudicial deposits of federal taxes and contributions, in light of the alterations promoted by Constitutional Amendments Nos. 94, of December 15, 2016, and 99, of December 14, 2017.

4. Meanwhile, Resolution CMN No. 5,119, of February 1, 2024, which improved the criteria for issuing the Guaranteed Real Estate Note (LIG), the Real Estate Credit Note (LCI), and the Agribusiness Credit Note (LCA), gave differentiated treatment to these instruments according to the date of issuance. Thus, it becomes necessary to alter Cosif in order to provide it with the corresponding control line items for these financial instruments, by date of issuance.

5. Finally, in response to the demand of other units of this Central Bank and of the regulated institutions themselves, attributes of some accounting line items were altered in order to allow proper bookkeeping by financial institutions and other institutions authorized to operate by this autarchy, as provided for in Resolution CMN No. 4,858, of 2020. It is worth highlighting, however, that, as provided for in art. 10 of that Resolution, the existence of an attribute does not presuppose permission for the practice of operations or services prohibited by law, regulation, or administrative act, or dependent on prior authorization by this Central Bank.

6. In compliance with the provisions of art. 5º of Law No. 13,874, of September 20, 2019, Decree No. 10,411, of 2020, determines that proposals for normative acts of general interest of 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 (AIR).

7. However, as provided for in art. 4º, item II, of that Decree, the obligation to prepare an AIR may be waived 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, as well as low-impact normative acts. In view of these provisions, the normative instruction now proposed is exempt from the preparation of an AIR.

For your consideration.

MARIA CAMILA BAIGORRI

Acting Deputy Head

Agreed.

GILNEU
FRANCISCO ASTOLFI VIVAN

Department Head