Normative Instruction BCB No. 473 of May 23, 2024

NORMATIVE INSTRUCTION BCB NO. 473, OF MAY 23, 2024

Amends Normative Instruction BCB No. 210, of December 21, 2021, which alters and consolidates the procedures for submitting the Analytical Trial Balance and Analytical Balance Sheet of the Prudential Conglomerate and the registration procedures for institutions that do not form part of a prudential conglomerate.

The Head of the Department of Monitoring of the Financial System (Desig), in the exercise of the authority conferred upon him by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, published through Resolution BCB No. 340, of September 21, 2023, based on Article 85, item I, letter “b”, of the aforementioned Regulations, and in view of the provisions of CMN Resolutions Nos. 4,858, of October 23, 2020, 4,911, of May 27, 2021, 4,924, of June 24, 2021, 4,950, of September 30, 2021, and 4,966, of November 25, 2021, BCB Resolutions Nos. 92, of May 6, 2021, 120, of July 27, 2021, 146, of September 28, 2021, 168, of December 1, 2021, and 352, of November 23, 2023, and BCB Normative Instructions Nos. 426, 427, 428, 429, 430, 431, 432 and 433, all of December 1, 2023,

RESOLVES:

Art. 1st The new versions of the filling instructions and the layout of documents with code 4060 - Analytical Balance Sheet - Prudential Conglomerate and 4066 - Analytical Balance Sheet - Prudential Conglomerate, available on the Central Bank of Brazil’s website at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd, shall enter into force, as of the January 2025 reporting base, with the modification relating to the alteration of the accounting items of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), as defined in BCB Normative Instructions Nos. 426, 427, 428, 429, 430, 431, 432 and 433, all of December 1, 2023.

Art. 2nd Normative Instruction BCB No. 210, of December 21, 2021, shall enter into force, as of the January 2025 reporting base, with the following alteration:

“Art. 1st ............................................................................................................

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§ 4th The preparation of the documents referred to in this article must be done observing the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) defined in BCB Normative Instructions Nos. 426, 427, 428, 429, 430, 431, 432 and 433, all of December 1, 2023.” (NR)

Art. 3rd This Normative Instruction enters into force on January 1, 2025.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

NOTE

The accounting documents 4060 - Analytical Balance Sheet - Prudential Conglomerate and 4066 - Analytical Balance Sheet - Prudential Conglomerate, created based on CMN Resolution No. 4,911, of May 27, 2021, and BCB Resolution No. 146, of September 28, 2021, and governed by Normative Instruction BCB No. 210, of December 21, 2021, are prepared by financial institutions and other institutions authorized to operate by the Central Bank of Brazil belonging to the prudential conglomerate and must be submitted by the lead institution of each of these conglomerates to this Autarchy in accordance with the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

2. Resolution CMN No. 4,966, of November 25, 2021, and Resolution BCB No. 352, of November 23, 2023, concluded the process of harmonizing the accounting standards provided for in the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) with the international pronouncement IFRS 9 – Financial Instruments issued by the International Accounting Standards Board (IASB). To allow accounting bookkeeping in the Cosif chart of accounts to be aligned with the criteria and accounting procedures established in the regulation issued by the CMN and the BCB, it was necessary to alter the items of the aforementioned chart of accounts, which culminated in the issuance of BCB Normative Instructions (NIs) Nos. 426, 427, 428, 429, 430, 431, 432 and 433, all of 2023. With the issuance of these NIs, there was a significant alteration of the Cosif, with the inclusion of one more level in its list of accounts, going from the current 5 levels to 6, which is being called Cosif version 1.5. As a direct consequence of this alteration, it is necessary to alter documents 4060 and 4066 so that they can reflect the new list of accounts as of the January 2025 reporting base, in view of the fact that the aforementioned NIs enter into force on January 1, 2025.

3. Decree No. 10,411, of June 30, 2020, regulates the carrying out of regulatory impact analysis (RIA) as a prerequisite for the issuance of normative acts. However, in its Article 4th, the Decree establishes the hypotheses for dispensing with the carrying out of RIA. This BCB NI falls within the hypotheses provided for in items II - normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives; and III - normative act considered to have low impact.

4. In view of the issuance of the normative acts cited in paragraph 2 and aiming to allow institutions to correctly determine and inform the Analytical Trial Balance - Prudential Conglomerate and the Analytical Balance Sheet - Prudential Conglomerate, there is no alternative other than to alter documents 4060 and 4066, thus justifying the classification of this Normative Instruction under item II of Article 4th of Decree No. 10,411, of 2020. Furthermore, the alteration dealt with in paragraph 2 will not alter documents already submitted, only adding a level to the accounts already reported, and this will have a little relevant impact for the current senders, which also justifies its classification under item III of Article 4th of the aforementioned Decree.

5. Thus, based on the provisions of paragraphs 3 and 4, I understand that the issuance of this Normative Instruction is exempt from the carrying out of RIA.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA
Head of the Department of Monitoring of the Financial System (Desig)