Normative Instruction BCB No. 494 of July 26, 2024

Cosif Account Changes

NORMATIVE INSTRUCTION BCB NO. 494, OF JULY 26, 2024

Amends
Normative Instruction BCB No. 427, of December 1, 2023, which defines the accounting line items of the Permanent Asset group of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) for use by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Head of the Financial System Regulation Department (Denor), using the authority granted to 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. 1. Normative Instruction BCB No. 427, of December 1, 2023, published in the Official Gazette of the Union on December 14, 2023, shall enter into force with the following amendments:

“Art. 2. The institutions mentioned in art. 1 must register the permanent asset items in group 2.0.0.00.00.00-8 Permanent Asset, segregated into subgroups, observing the breakdowns and the respective codes and names of the accounts and functions defined in Annexes I to IV, as detailed below:

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

Art. 2. Normative Instruction BCB No. 427, of 2023, shall enter into force with its Annexes I, II, III and IV amended, in the manner of this Normative Instruction.

Art. 3. This Normative Instruction enters into force on August 1, 2024.

GILNEU FRANCISCO ASTOLFI VIVAN

“Annex I

List of Accounting Line Items of Subgroup 2.1.0.00.00.00-1 INVESTMENTS

Account Code	Account Name	Estban	Function
2.1.0.00.00.00-1	INVESTMENTS	-
2.1.1.00.00.00-8	Investments Abroad	-
2.1.1.10.00.00-7	DEPENDENCIES ABROAD	200	Register the value of resources sent to dependencies abroad, as capital, as well as subsequent adjustments for equity equivalence purposes.
2.1.1.20.00.00-6	FOREIGN PARTICIPATIONS ASSESSED BY MEP	200	Register participations in affiliates, controlled and jointly controlled entities abroad assessed by the equity method, according to current regulations.
2.1.1.20.05.00-1	Financial Institutions Equity Value	-
2.1.1.20.06.00-0	Financial Institutions - Goodwill Based on Future Profitability Expectations	-
2.1.1.20.07.00-9	Financial Institutions - Difference Between Fair Value and Book Value of Assets and Liabilities	-
2.1.1.20.08.00-8	Financial Institutions - Unregistered Assets and Liabilities in the Investee	-
2.1.1.20.15.00-8	Non-Financial Institutions Equity Value	-
2.1.1.20.16.00-7	Non-Financial Institutions - Goodwill Based on Future Profitability Expectations	-
2.1.1.20.17.00-6	Non-Financial Institutions - Difference Between Fair Value and Book Value of Assets and Liabilities	-
2.1.1.20.18.00-5	Non-Financial Institutions - Unregistered Assets and Liabilities in the Investee	-
2.1.1.99.00.00-6	(-) PROVISION FOR LOSSES ON FOREIGN INVESTMENTS	200	Register the value of the provision intended to cover losses from the reduction in recoverable value of participations and agencies abroad.
2.1.1.99.20.00-0	(-) Financial Institutions	-
2.1.1.99.30.00-7	(-) Non-Financial Institutions	-
2.1.2.00.00.00-5	Participations in Affiliates, Controlled and Jointly Controlled Entities in the Country	-
2.1.2.10.00.00-4	PARTICIPATIONS IN AFFILIATES, CONTROLLED AND JOINTLY CONTROLLED ENTITIES	200	Register participations in affiliates, controlled and jointly controlled entities in the Country assessed by the equity method, according to current regulations.
2.1.2.10.11.00-0	Authorized to Operate by the Central Bank Equity Value	-
2.1.2.10.12.00-9	Authorized to Operate by the Central Bank - Goodwill Based on Future Profitability Expectations	-
2.1.2.10.13.00-8	Authorized to Operate by the Central Bank - Difference Between Fair Value and Book Value	-
2.1.2.10.14.00-7	Authorized to Operate by the Central Bank - Unregistered Assets and Liabilities in the Investee	-
2.1.2.10.21.00-7	Other Participations - Equity Value	-
2.1.2.10.22.00-6	Other Participations - Goodwill Based on Future Profitability Expectations	-
2.1.2.10.23.00-5	Other Participations - Difference Between Fair Value and Book Value of Assets and Liabilities	-
2.1.2.10.24.00-4	Other Participations - Unregistered Assets and Liabilities in the Investee	-
2.1.2.99.00.00-3	(-) PROVISION FOR LOSSES IN AFFILIATED, CONTROLLED AND JOINTLY CONTROLLED COMPANIES	200	Register the adjustment to the recoverable value of corporate participations in affiliates, controlled and jointly controlled entities.
2.1.2.99.11.00-9	(-) Authorized to Operate by the Central Bank - Equity Value	-
2.1.2.99.12.00-8	(-) Authorized to Operate by the Central Bank - Goodwill Based on Future Profitability Expectations	-
2.1.2.99.13.00-7	(-) Authorized to Operate by the Central Bank - Difference Between Fair Value and Book Value	-
2.1.2.99.14.00-6	(-) Authorized to Operate by the Central Bank - Unregistered Assets and Liabilities in the Investee	-
2.1.2.99.21.00-6	(-) Other Participations - Equity Value	-
2.1.2.99.22.00-5	(-) Other Participations - Goodwill Based on Future Profitability Expectations	-
2.1.2.99.23.00-4	(-) Other Participations - Difference Between Fair Value and Book Value of Assets and Liabilities	-
2.1.2.99.24.00-3	(-) Other Participations - Unregistered Assets and Liabilities in the Investee	-
2.1.6.00.00.00-3	Investment Properties	-
2.1.6.10.00.00-2	MEASURED BY FAIR VALUE METHOD	200	Register investment properties, maintained according to current regulations, measured by the fair value method.
2.1.6.20.00.00-1	MEASURED BY COST METHOD	200	Register investment properties, maintained according to current regulations, measured by the cost method.
2.1.6.95.00.00-9	(-) REDUCTION TO RECOVERABLE VALUE OF INVESTMENT PROPERTIES ASSESSED AT COST	200	Register property losses resulting from the adjustment to the recoverable value of investment properties assessed by the cost method.
2.1.6.99.00.00-1	(-) ACCUMULATED DEPRECIATION OF INVESTMENT PROPERTIES ASSESSED AT COST	200	Register the accumulated depreciation of investment properties assessed by the cost method.

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“Annex II

List of Accounting Line Items of Subgroup 2.2.0.00.00.00-4 USE PROPERTY

Account Code	Account Name	Estban	Function
2.2.0.00.00.00-4	USE PROPERTY	-
2.2.5.00.00.00-9	Use Fixed Asset	-
2.2.5.05.00.00-4	FIXED ASSETS IN INVENTORY	200	Register tangible goods held in inventory for future use in the institution's activities for a period longer than one social year.
2.2.5.05.10.00-1	Furniture	-
2.2.5.05.20.00-8	Equipment	-
2.2.5.10.00.00-8	FIXED ASSETS UNDER CONSTRUCTION	200	Register the values transferred, paid or owed with the purpose of acquisition, for future use in the institution's activities, of goods under construction, manufacturing, assembly, installation or in the process of ordering or importation.
2.2.5.10.10.00-5	Real Estate	-
2.2.5.10.20.00-2	Movable Goods	-
2.2.5.10.90.00-1	Others	-
2.2.5.20.00.00-7	INSTALLATIONS	200	Register expenses incurred to adapt real estate for own use to the institution's operational needs.
2.2.5.30.00.00-6	FURNITURE AND EQUIPMENT	200	Register the value of furniture and equipment used in the exploration of the institution's activity.
2.2.5.30.10.00-3	Furniture	-
2.2.5.30.20.00-0	Data Processing Equipment	-
2.2.5.30.30.00-7	Communication and Security Equipment	-
2.2.5.30.90.00-9	Other Equipment	-
2.2.5.40.00.00-5	VEHICLES	200	Register the vehicles used by the institution.
2.2.5.50.00.00-4	IMPROVEMENTS ON THIRD-PARTY REAL ESTATE	200	Register expenses incurred with improvements on third-party real estate, in use by the institution, that effectively contribute to increasing the economic benefit generation capacity of the asset for the institution.
2.2.5.60.00.00-3	REAL ESTATE	200	Register the land and buildings owned by the institution, effectively used in the performance of its activity. In the prudential conglomerate accounting documents, investment properties held by an entity part of the conglomerate intended for use by controlled entities or by the controlling entity of the institution must be registered in this title.
2.2.5.60.10.00-0	Land	-
2.2.5.60.20.00-7	Buildings	-
2.2.5.70.00.00-2	ARTWORK	200	Register artwork held for use by the institution in its premises or other locations maintained or sponsored by the institution.
2.2.5.80.00.00-1	USE RIGHTS	200	Register, by the lessee, the use rights arising from leasing operations.
2.2.5.80.10.00-8	Book Value
2.2.5.90.00.00-0	OTHER USE FIXED ASSETS	200	Register the value of tangible goods used by the institution for a period longer than one social year for which there is no specific account.
2.2.5.95.00.00-5	(-) REDUCTION TO RECOVERABLE VALUE OF USE FIXED ASSETS	200	Register the loss from the write-down of use fixed assets identified in the recoverable value test.
2.2.5.95.20.00-9	(-) Installations	-
2.2.5.95.30.00-6	(-) Furniture and Equipment	-
2.2.5.95.40.00-3	(-) Vehicles	-
2.2.5.95.50.00-0	(-) Improvements on Third-Party Real Estate	-
2.2.5.95.60.00-7	(-) Real Estate - Buildings	-
2.2.5.95.70.00-4	(-) Artwork	-
2.2.5.95.80.00-1	(-) Use Rights	-
2.2.5.95.90.00-8	(-) Other Use Fixed Assets	-
2.2.5.99.00.00-7	(-) ACCUMULATED DEPRECIATION OF USE FIXED ASSETS	200	Register, in the appropriate sub-items, the value of accumulated depreciation of the institution's use fixed assets.
2.2.5.99.20.00-1	(-) Installations	-
2.2.5.99.30.00-8	(-) Furniture and Equipment	-
2.2.5.99.40.00-5	(-) Vehicles	-
2.2.5.99.50.00-2	(-) Improvements on Third-Party Real Estate	-
2.2.5.99.60.00-9	(-) Real Estate - Buildings	-
2.2.5.99.70.00-6	(-) Artwork	-
2.2.5.99.80.00-3	(-) Use Rights	-
2.2.5.99.90.00-0	(-) Other Use Fixed Assets	-

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“Annex III

List of Accounting Line Items of Subgroup 2.3.0.00.00.00-7 LEASING ASSET

Account Code	Account Name	Estban	Function
2.3.0.00.00.00-7	LEASING ASSET	-
2.3.2.00.00.00-1	Fixed Asset
2.3.2.10.00.00-0	LEASED GOODS	200	Register, by the lessor, the fixed asset goods used in operational leasing operations.
2.3.2.10.10.00-7	Book Value of the Asset	-
2.3.2.10.20.00-4	Initial Direct Costs of Leasing	-
2.3.2.10.30.00-1	(-) Accumulated Depreciation	-
2.3.2.10.40.00-8	(-) Reduction to Recoverable Value	-
2.3.2.20.00.00-9	SUBLEASED GOODS	200	Register, by the intermediate lessor, the use rights of fixed assets used in operational subleasing operations.
2.3.2.20.10.00-6	Book Value of the Asset	-
2.3.2.20.30.00-0	(-) Accumulated Depreciation	-
2.3.2.20.40.00-7	(-) Reduction to Recoverable Value	-
2.3.5.00.00.00-2	Intangible	-
2.3.5.10.00.00-1	LEASED GOODS	200	Register, by the lessor, the intangible asset goods used in operational leasing operations.
2.3.5.10.10.00-8	Book Value	-
2.3.5.10.20.00-5	Initial Direct Costs of Leasing	-
2.3.5.10.30.00-2	(-) Accumulated Amortization	-
2.3.5.10.40.00-9	(-) Reduction to Recoverable Value	-
2.3.5.20.00.00-0	SUBLEASED GOODS	200	Register, by the intermediate lessor, the use rights of intangible assets used in operational subleasing operations.
2.3.5.20.10.00-7	Book Value	-
2.3.5.20.30.00-1	(-) Accumulated Amortization	-
2.3.5.20.40.00-8	(-) Reduction to Recoverable Value	-

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“Annex IV

List of Accounting Line Items of Subgroup 2.5.0.00.00.00-3 INTANGIBLE

Account Code	Account Name	Estban	Function
2.5.0.00.00.00-3	INTANGIBLE	-
2.5.1.00.00.00-0	Intangible Assets	-
2.5.1.05.00.00-5	RIGHTS RELATED TO CUSTOMER PORTFOLIOS	200	Register the values paid in the acquisition of contractual rights, legal protection rights or other types of control regarding relationships with customers.
2.5.1.05.10.00-2	Rights from Payroll Sheet Acquisition	-
2.5.1.05.90.00-8	Others	-
2.5.1.15.00.00-4	DATA PROCESSING SYSTEMS	200	Register, in the appropriate sub-items, the values of intangible assets related to data processing systems acquired by the institution or generated internally.
2.5.1.15.10.00-1	Acquired	-
2.5.1.15.20.00-8	Internally Generated	-
2.5.1.25.00.00-3	COMMUNICATION AND SECURITY SYSTEMS	200	Register, in the appropriate sub-items, the values related to intangible assets concerning communication and security systems acquired by the institution or generated internally.
2.5.1.25.10.00-0	Acquired	-
2.5.1.25.20.00-7	Internally Generated	-
2.5.1.30.00.00-7	BRANDS	200	Register the values paid in the acquisition of contractual rights or other legal rights regarding brands of companies or products.
2.5.1.35.00.00-2	LICENSES AND COPYRIGHTS AND USE RIGHTS	200	Register the values of contractual rights or other legal rights concerning licenses, copyrights and other property rights.
2.5.1.40.00.00-6	EXCLUSIVITY OR PREFERENCE RIGHTS	200	Register the values paid in the acquisition of exclusivity or preference rights in the sale or distribution of the institution's products or services by other entities.
2.5.1.45.00.00-1	PATENTS	200	Register the values paid in the acquisition or development of contractual rights or other legal rights concerning patents.
2.5.1.50.00.00-5	USE RIGHTS	200	Register, by the lessee, the use rights arising from leasing operations.
2.5.1.50.10.00-2	Book Value	-
2.5.1.90.00.00-1	OTHER INTANGIBLE ASSETS	200	Register the values related to intangible assets for which there is no specific line item.
2.5.1.95.00.00-6	(-) REDUCTION TO RECOVERABLE VALUE OF INTANGIBLE ASSETS	200	Register the loss from the write-down of intangible assets identified in the recoverable value test.
2.5.1.95.05.00-1	(-) Rights Related to Customer Portfolios	-
2.5.1.95.15.00-8	(-) Data Processing Systems	-
2.5.1.95.25.00-5	(-) Communication and Security Systems	-
2.5.1.95.30.00-7	(-) Brands	-
2.5.1.95.35.00-2	(-) Licenses and Copyrights and Use Rights	-
2.5.1.95.40.00-4	(-) Exclusivity or Preference Rights	-
2.5.1.95.45.00-9	(-) Patents	-
2.5.1.95.50.00-1	(-) Use Rights	-
2.5.1.95.90.00-9	(-) Others	-
2.5.1.99.00.00-8	(-) ACCUMULATED AMORTIZATION OF INTANGIBLE ASSETS	200	Register the value of accumulated amortization of intangible assets with defined useful life.
2.5.1.99.05.00-3	(-) Rights Related to Customer Portfolios	-
2.5.1.99.15.00-0	(-) Data Processing Systems	-
2.5.1.99.25.00-7	(-) Communication and Security Systems	-
2.5.1.99.30.00-9	(-) Brands	-
2.5.1.99.35.00-4	(-) Licenses and Copyrights and Use Rights	-
2.5.1.99.40.00-6	(-) Exclusivity or Preference Rights	-
2.5.1.99.45.00-1	(-) Patents	-
2.5.1.99.50.00-3	(-) Use Rights	-
2.5.1.99.90.00-1	(-) Others	-
2.5.2.00.00.00-7	Goodwill in Investment Acquisition	-
2.5.2.10.00.00-6	GOODWILL BASED ON FUTURE PROFITABILITY EXPECTATIONS	200	Register, in consolidated statements or individual statements where the investee entity was the object of incorporation or merger, the goodwill in the acquisition of investments that is based on the profitability value of the controlled entity, based on forecasts of future results.
2.5.2.90.00.00-8	(-) ACCUMULATED AMORTIZATION OF GOODWILL IN INVESTMENT ACQUISITION	200	Register, in consolidated statements or individual statements where the investee entity was the object of incorporation or merger, the accumulated amortization of the goodwill constituted in the acquisition of investments in controlled entities.
2.5.2.95.00.00-3	(-) REDUCTION TO RECOVERABLE VALUE OF GOODWILL IN INVESTMENT ACQUISITION	200	Register the loss from the write-down of goodwill in investment acquisition identified in the recoverable value test.

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NOTE 479/2024 – BCB/DENOR, OF JULY 26, 2024

Justifies proposal for the issuance of a normative instruction that amends accounting line items of the Permanent Asset group of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Head of Denor,

This Note justifies the proposal for the issuance of a normative instruction that amends accounting line items of the account list 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 in art. 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 arts. 12 of Resolution CMN No. 4,858, of October 23, 2020, and 10 of Resolution BCB No. 92, of May 6, 2021.

2. After concluding the harmonization process of the accounting standards provided for in Cosif with the international pronouncement IFRS 9 – Financial Instruments, issued by the International Accounting Standards Board (IASB), it was necessary to make changes to the structure of the Cosif chart of accounts, in order to allow the creation of new line items and to meet the needs derived from the implementation of international standards.

3. Thus, in December 2023, based on Resolution BCB No. 92, of May 6, 2021, normative instructions were issued consolidating the structure of the Cosif chart of accounts, with effect from January 2025. However, after the issuance of the normative instructions, it was found necessary to make some adjustments, in order to incorporate new changes to the account structure, correct improprieties and improve the quality of the information provided. Furthermore, modifications were made to the chart of accounts structure itself, with the issuance of Resolution BCB No. 390, of June 12, 2024, which amended Resolution BCB No. 92, of 2021, ending the attribute of accounting line items. Thus, it is necessary to adjust the normative instructions previously issued.

4. Regarding Normative Instruction BCB No. 427, of December 1, 2023, which defines the accounting line items of the Permanent Asset group of the Cosif account list, in addition to the exclusion, in all annexes, of the column referring to the attribute, the following changes were implemented:

Proposal
2.3.5.10.10.00-8 Book Value of the Asset	Change
2.5.1.50.00.00- 5 Book Value	Exclusion
2.2.5.80.90.00-4 (+/-) Remeasurement of Leasing Liability	Exclusion
2.3.2.20.50.00-4 (+/-) Remeasurement of Leasing Liability	Exclusion
2.3.5.20.50.00-5 (+/-) Remeasurement of Leasing Liability	Exclusion
2.5.1.50.00.00-5 (+/-) Remeasurement of Leasing Liability	Exclusion
2.5.1.50.10.00-2 Book Value	Inclusion

5. Finally, in compliance with the provisions of art. 5 of Law No. 13,874, of September 20, 2019, Decree No. 10,411, of June 30, 2020, determines that proposals for normative acts of general interest formulated by agencies and entities of the direct federal administration, autonomous agencies and foundations, as well as by collegiate bodies through the agency or entity responsible for providing administrative support, must be preceded by a Regulatory Impact Analysis (RIA).

6. However, as provided in art. 4, items II, IV and VII, of this Decree, the obligation to prepare an RIA 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, that aims to update or revoke norms considered obsolete, without change of merit, and also for normative acts that reduce requirements, obligations, restrictions, requests or specifications with the objective of reducing regulatory costs. Thus, in light of these provisions, the normative instruction currently proposed is exempt from the preparation of an RIA.

For your consideration.

UVERLAN RODRIGUES PRIMO

Deputy Head

Agreed.

GILNEU FRANCISCO ASTOLFI VIVAN

Department Head