INSTRUÇÃO NORMATIVA BCB Nº 506, DE 29 DE AGOSTO DE 2024

Establishes deadlines, hours, and operational procedures provided for in the Regulation of the Special Settlement and Custody System (Selic).

The Head of the Open Market Operations Department (Demab), 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, and taking into account the provisions of Article 2 of Resolution BCB No. 55, of December 16, 2020,

RESOLVES:

CHAPTER I

GENERAL PROVISIONS

Art. 1. This Normative Instruction establishes deadlines, hours, and operational procedures provided for in the Regulation of the Special Settlement and Custody System (Selic), annexed to Resolution BCB No. 55, of 2020.

CHAPTER II

HOURS AND DEADLINES

Art. 2. The hours and deadlines provided for in the Selic Regulation are as follows:

I - Article 16, § 1: the Selic opening time is 6:30;

II - Article 16, § 1: the Selic closing time is 18:30 or 13:00, on December 24, if a business day, and on the last business day of the year, except for:

a) operations that do not incur financial settlement through the Reserve Transfer System (STR), whose commands may be transmitted until 20:30, or until 13:30, on December 24, if a business day, and on the last business day of the year, relating to:

1. purchase and sale, definitive or committed, spot or forward;

2. repurchase and resale;

3. transfer of titles to/from clearinghouse without financial settlement;

4. transfer of titles without change of ownership;

5. transfer of titles as a result of incorporation, merger, spin-off, or corporate dissolution;

6. transfer of titles as a result of their use in the capitalization and redemption of fund shares relating to a shareholder with an individualized account in Selic;

7. transfer of titles as a result of inheritance, marital property division, bequest, donation, or dissolution of a conjugal partnership or stable union;

8. transfer of titles as a result of encumbrances and liens;

9. transfer of titles related to fiduciary assignment; and

10. linking and unlinking;

b) operations for contracting rediscount for liquidity in the Instant Payment System (SPI), whose commands may be transmitted, in addition to regular hours, between the STR closing time and 19:00, or between the STR closing time and 13:30, on December 24, if a business day, and on the last business day of the year; and

c) promises of purchase or sale, inquiry and update functions for clients, accounts, and departments, and functions relating to the registration of encumbrances and liens, whose commands may be transmitted until 20:30, or until 13:30, on December 24, if a business day, and on the last business day of the year;

III - Article 52, caput, item II: commands for purchase and sale on the settlement day of the corresponding forward are automatically transmitted by Selic at 9:30;

IV - Article 56: once a command is transmitted, all others required for the registration and settlement of the operation or associated or conjugated operations must be transmitted within a period of sixty minutes;

V - Article 59, § 1: regarding the operations referred to in this article, the command of the other party is transmitted until one and a half hours before the regular Selic closing time;

VI - Article 70, caput item I: double commands for operations pending settlement due to insufficient titles are cancelled after the lapse of the sixty-minute pending period or at the Selic closing time, whichever occurs first; and

VII - Article 103, § 1, item II: the clearinghouse’s agreement to settle resale and repurchase arising from a committed operation not yet settled in Selic is considered revoked at some point between 11:07 and 11:12, when the commitment is for the same day, between 18:07 and 18:12, when the commitment is for a subsequent day, and at the times established by the clearinghouse, on December 24, if a business day, and on the last business day of the year.

Art. 3. The lapse of the sixty-minute period referred to in Article 2, caput, items IV and VI, will be verified with an interval of up to five minutes, starting from 9:30, for the purpose of cancelling the respective commands.

Art. 4. Clearinghouses and settlement and clearing service providers must send Demab the information referred to in Article 114 of the Selic Regulation on the day of the event, within sixty minutes after the regular Selic closing time.

Art. 5. The hours and deadlines referred to in Articles 2 to 4 may be altered:

I - in the event of extraordinary occurrences, at Demab’s discretion, in which case any modification will be informed, on the same day, via a Selic notice to its participants;

II - on days when there is special operating hours for financial institutions, as provided in a regulation issued by the Central Bank of Brazil; and

III - in exceptional situations of severe technical unavailability, in which case the closing time may be extended beyond 23:59, in which case operations performed after this time will be recorded as if performed on the previous day.

CHAPTER III

PROCEDURES FOR INCLUSION, ALTERATION, AND EXCLUSION OF PARTICIPANTS

Art. 6. The inclusion of a participant in Selic must be requested by the director responsible for Selic affairs or by a representative, with management powers, as provided in the Selic Regulation, by presenting the following documents:

I - “Request for Standard Account Opening”, according to the type of participant;

II - “List of persons authorized to represent the participant”; and

III - “Administrator Registration Form”, mandatory only for transmitting participants.

§ 1. The non-settling participant’s option to transmit or not transmit their own commands must be informed in the “Request for Standard Account Opening” document, and any alteration of this choice, via the “Participant Registration Alteration” document.

§ 2 The selection of the standard settling agent by the non-settling participant must be informed in the “Request for Standard Account Opening” document.

Art. 7. For the change of the standard settling agent of a non-settling participant, in the cases provided for in the Selic Regulation, one of the following documents must be forwarded:

I - “Standard Settling Agent – Resignation informed by the settling agent itself”: by the participant who decides no longer to appear as the standard settling agent of the non-settling participant, along with documentation proving that the non-settling participant was informed of such decision; or

II - “Standard Settling Agent – Substitution informed by the non-settling agent”: by the non-settling participant, including those under special temporary administration, intervention, extrajudicial or ordinary liquidation:

a) upon learning of the decision referred to in item I; or

b) in the event that the change of standard settling agent is initiated by the non-settling participant itself.

Art. 8. The exclusion of the participant, at the participant’s own request, must be requested via the “Standard Account Closure” document.

Art. 9. The documentation referred to in this Chapter can be obtained on the Central Bank of Brazil’s website, on the internet, and must be sent to Demab via the Central Bank of Brazil’s Digital Protocol, according to instructions contained in the Selic User Manual (MUS).

CHAPTER IV

TYPES OF OPERATIONS, CLIENTS, AND ACCOUNTS

Art. 10. The lists of operations, types of clients, and types of accounts existing in Selic are set forth, respectively, in Annexes I, II, and III of this Normative Instruction.

Art. 11. The instructions for opening and moving accounts are contained in the MUS.

Art. 12. Electronic currency issuing institutions must use the specific account “Payment Institution – Electronic Currency”, code “028”.

Art. 12. (Revoked by Normative Instruction BCB No. 711, of 2/25/2026, producing effects from 3/27/2026.)

Art. 13. The account referred to in Article 12 will be for custody:

I - of an individualized client of a multiple bank with commercial portfolio, commercial bank, or savings bank, when owned by a payment institution or an institution authorized to operate by the Central Bank of Brazil providing payment services in the mode of electronic currency issuer; or

II - its own, when owned by financial institutions providing payment services in the mode of electronic currency issuer.

Sole paragraph. For the purposes of this article, a payment institution is considered a legal entity described in Article 6, caput, item III of Law No. 12,865, of October 9, 2013.

Art. 13. (Revoked by Normative Instruction BCB No. 711, of 2/25/2026, producing effects from 3/27/2026.)

CHAPTER V

TRANSMISSION OF COMMANDS

Art. 14. Commands for the registration and settlement of operations in the system must be transmitted by the participant itself or by its standard settling agent, in the event that the latter is responsible for transmitting the participant’s commands.

Sole paragraph. Commands for the registration and settlement of operations are instructed with the data provided in the MUS for filling out the “Order for Registration and Settlement of Operation” document.

Art. 15. The data instructing the commands referred to in Article 14 may be:

I - entered on the screen of the Selic Operational Interface (IOS) by the participant or by its standard settling agent, as applicable, operation by operation;

II - transferred to the IOS by the participant or by its standard settling agent, as applicable, in a file containing several operations;

III - sent to the IOS by the person responsible for an external trading environment to Selic, in a file containing the operations contracted by the participant in the respective environment;

III - entered on the screen of the Public Offering (Ofpub) or Dealer Offering (Ofdealers) modules by the participant for: (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

a) constitution or early release of voluntary time deposit at the Central Bank of Brazil; and (Included by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

b) operations referred to in Article 74, item I of the Selic Regulation. (Included by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

IV - entered on the screen of the Public Offering (Ofpub) or Dealer Offering (Ofdealers) modules by the participant, for the constitution or early release of voluntary time deposit at the Central Bank of Brazil; or

IV - sent via a message transmitted on the National Financial System Network (RSFN), as established in a regulation issued by the Central Bank of Brazil; (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

V - sent via a message transmitted on the National Financial System Network (RSFN), as established in a regulation issued by the Central Bank of Brazil; and

V - sent via a file transmitted on the RSFN, by the participant responsible for Direct Treasury, for commands relating to individualized Direct Treasury accounts; or (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

VI - sent via a file transmitted on the RSFN, by the participant responsible for Direct Treasury, for commands relating to individualized Direct Treasury accounts.

VI - sent via the Pre-matching platform, when such sending is authorized by the transmitting participant relating to the “1” end in an intermediation where there is only one seller for multiple buyers (“1:N”) or only one buyer for multiple sellers (“N:1”). (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

§ 1. Regarding commands sent via file remittance, only those in accordance with the instructions contained in the MUS regarding the subject will be processed, discarding the others.

§ 2. The Pre-matching platform used for specifying and verifying the data instructing the commands to be sent to Selic must be used mandatorily:

I - in committed operations contracted with the Central Bank of Brazil by the Ofdealers module;

I - in spot committed operations, contracted between parties whose settling agents and command transmitters are distinct, with the exception of operations with non-resident clients and committed operations in which there is a unilateral right of one or both parties to demand return within a certain period: (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

a) with operation code “1054”; (Included by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 11/28/2025.)

b) with operation codes “1044”, “1047”, or “1057”; (Included by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 3/2/2026.)

II - in the fractional settlement of purchase or sale operations of titles, contracted in public offering;

II - in committed operations contracted with the Central Bank of Brazil by the Ofpub and Ofdealers modules, with the exception of the operations mentioned in item III, letter “b” of the caput; (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

III - in definitive purchase and sale operations, spot or forward, carried out between:

a) two distinct participants; and

b) a participant and a resident client of another participant; and

III - in the fractional settlement of purchase or sale operations of titles, contracted in public offering; (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

IV - in definitive purchase and sale operations, spot or forward, with the participation of only one intermediary institution and the existence of a single buyer and single seller, considering the obligation in purchase and/or sale, as the conditions of item III occur;

IV - in definitive purchase and sale operations, spot or forward, carried out between: (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

a) between the selling party and the intermediary institution; or

a) two distinct participants; and (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

b) between the intermediary institution and the buying party.

b) a participant and a resident client of another participant; and (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

V - in definitive purchase and sale operations, spot or forward, with the participation of only one intermediary institution and the existence of a single buyer and a single seller, considering the obligation in purchase or sale, as the conditions of item III of § 2 occur: (Included by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

a) between the selling party and the intermediary institution; or (Included by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

b) between the intermediary institution and the buying party. (Included by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)

CHAPTER VI

COST REIMBURSEMENT

Art. 16. The amount due by each Selic participant, regarding cost reimbursement, corresponds to a percentage of up to 100% (one hundred percent) of the amount calculated based on the following factors:

I - custody of titles;

II - transmission of commands for registered operations;

III - registration of encumbrances and liens; and

IV - accounts without movement since their opening.

IV - opening and maintenance of accounts. (Wording given by Normative Instruction BCB No.
711, of 2/25/2026, producing effects from 3/27/2026.)

§ 1. The calculation considers the period between the second-to-last business day of the month prior to the reference month and the third-to-last business day of the reference month.

§ 2. The percentage referred to in the caput, which applies to all Selic participants, is fixed monthly and represents the quotient between the estimated cost and the sum of the amounts calculated by each Selic participant for the reference month.

§ 3. Statements of amounts due are available for consultation starting from the first business day of the month following the reference month.

§ 4. The amount due by the participant responsible for Direct Treasury will be calculated by applying the factors mentioned in items I and II to the non-individualized client account of the Individual – Direct Treasury type.

Art. 17. Regarding the factor defined in Article 16, caput, item I, the amount is calculated using the following table:

Calculation Base	Rate	Additional
Up to R$20,000,000.00	0.00050%	-
From R$20,000,000.01 to R$5,000,000,000.00	0.00035%	R$30.00
From R$5,000,000,000.01 to R$10,000,000,000.00	0.00023%	R$6,030.00
Above R$10,000,000,000.00	0.00015%	R$14,030.00

§ 1 The table is applied to the titles:

I - of the participant – own custody and third-party custody, except individualized clients – that are registered in normal and special unblocked custody accounts; and

II - of each individualized client that are registered in normal and special unblocked custody accounts.

§ 2. The calculation base of the table corresponds to the arithmetic mean of the title values, observed that:

I - the arithmetic mean considers only business days of the period;

II - the title position of each account corresponds to the day-end balance; and

III - the title values are calculated according to the unit prices accepted by the Central Bank of Brazil in its committed operations, published daily by Demab or, in the absence of these prices, according to the updated nominal values.

Art. 18. Regarding the factor defined in Article 16, caput, item II, the amount corresponds to R$1.00 (one real) for each operation command of the participant registered in Selic, even if transmitted by a third party.

Art. 19. Regarding the factor defined in Article 16, caput, item III, the amount is attributed to the participant who represents the secured party or the usufructuary and corresponds to the sum:

I - of the amount of R$10.00 (ten reais) for each process of registration, amendment, or rectification of encumbrances and liens effected; and

II - of the amount obtained by applying the percentage of 0.00001% (one hundred-thousandth of a percent) on the titles that are registered in each encumbrance and lien account, calculated in the calculation period, according to the provisions of Article 17, § 2, and observing the minimum amount of R$10.00 (ten reais) for each encumbrance and lien account.

Art. 20.
Regarding the factor defined in Article 16, caput, item IV, the amount corresponds to R$2.00 (two reais) for each account that, after the period of sixty calendar days counted from the date of its opening, has not shown any movement, which will be verified on the third-to-last business day of the reference month.

Sole paragraph. The amount mentioned in the caput is attributed to unblocked accounts:

a) own free-moving custody of the participant;

b) deposit and guarantee of the participant in a clearinghouse; and

c) any type of individualized client custody, including in a clearinghouse.

Art. 20. (Revoked by Normative Instruction BCB No. 711, of 2/25/2026, producing effects from 3/27/2026.)

Art. 20-A. Regarding the factor defined in Article 16, caput, item IV, the amount is attributed to the participant who has a number of accounts exceeding fifty thousand and corresponds to the sum: (Included by Normative Instruction BCB No. 711, of 2/25/2026, producing effects from 3/27/2026.)

I - of the amount of R$10.00 (ten reais), charged, for each new account opening process, that exceeds the number established in the caput; and (Included by Normative Instruction BCB No. 711, of 2/25/2026, producing effects from 3/27/2026.)

II - the value of R$1.00 (one real), charged monthly, for each existing account that exceeds the number established in the caput. (Included by Normative Instruction BCB No. 711, of 2/25/2026, producing effects from 3/27/2026.)

Sole Paragraph. For the purpose of calculating the number of accounts for each participant, all unblocked normal and special custody accounts of the participant and their individualized clients shall be considered, which will be verified on the third-to-last business day of the reference month. (Included by Normative Instruction BCB No. 711, of 2/25/2026, producing effects from 3/27/2026.)

Art. 21. The charge is collected by the tenth business day of the month following the reference month, with the transmission of the operation commands, code “1069”, by Demab and by the participant.

CHAPTER VII
FINAL PROVISIONS

Art. 22. This Normative Instruction enters into force on the date of its publication, when Instruction BCB No. 452, of January 29, 2024, shall be revoked.

ANDRÉ DE OLIVEIRA AMANTE

ANNEX I TO NORMATIVE INSTRUCTION BCB NO. 506, OF AUGUST 29, 2024

Selic Operations

Denomination	Code	Selic Regulation
Voluntary time deposit with interest at BCB
Voluntary time deposit with interest at BCB – Establishment	5002	Art. 29, caput, item XX.
Voluntary time deposit with interest at BCB – Early or partial release	5006	Art. 29, caput, item XX, and §3º.
Voluntary time deposit with interest at BCB – Release	5012	Art. 29, caput, item XX, and art. 52, caput, item I, letter “b”.
Issuer events
Issuer event – Issuance	1001	Art. 29, caput, item I.
Issuer event – Payment of interest coupon	1060	Arts. 29, caput, item II, and art. 31.
Issuer event – Amortization	1010	Arts. 29, caput, item II, and art. 31.
Issuer event – Redemption	1012	Arts. 29, caput, item II, and art. 31.
Issuer event – Direct placement or early redemption	1070	Arts. 29, caput, item XIX, and art. 43.
Issuer event – Direct placement or early redemption for Tesouro Direto Program	1071	Arts. 29, caput, item XIX, and 43.
Issuer event - Cancellation	1011	Art. 29, caput, item I.
Committed operations and Repurchases/resales
Committed purchase/sale with defined repurchase/resale price and without free movement agreement	1054	Arts. 29, caput, items IV to VII, and arts. 33, 34 and 36.
Committed purchase/sale with defined repurchase/resale price and with free movement agreement	1044	Arts. 29, caput, items IV to VII, and arts. 33, 34 and 36.
Committed purchase/sale without defined repurchase/resale price and without free movement agreement	1057	Arts. 29, caput, items IV to VII, and arts. 33, 34 and 36.
Committed purchase/sale without defined repurchase/resale price and with free movement agreement	1047	Arts. 29, caput, items IV to VII, and arts. 33, 34 and 36.
Repurchase/resale with previously defined price	1056	Arts. 29, caput, item IX, and arts. 33, 34 and 36.
Repurchase/resale without previously defined price	1059	Arts. 29, caput, item IX, and arts. 33, 34 and 36.
Partial repurchase/resale or early repurchase/resale, total or partial	1055	Arts. 29, caput, item IX, and art. 33, §2º.
Repurchase/resale – Consolidation	1058	Arts. 29, caput, item IX, and art. 35.
Definitive operations
Definitive purchase/sale	1052	Art. 29, caput, item III.
Definitive purchase/sale – National Treasury sale auction	1002	Art. 29, caput, item III.
Definitive purchase/sale – Central Bank of Brazil sale auction	1005	Art. 29, caput, item III.
Definitive purchase/sale – National Treasury or Central Bank of Brazil purchase auction	1006	Art. 29, caput, item III.
Forward operations
Forward definitive – Securities in circulation	4052	Arts. 29, caput, item VIII, and art. 37.
Forward definitive – Public offering securities not yet settled	3052	Arts. 29, caput, item VIII, and art. 37.
Forward committed, with defined repurchase/resale price and without free movement agreement – Securities in circulation	4054	Arts. 29, caput, item VIII, and art. 37.
Forward committed, with defined repurchase/resale price and without free movement agreement – Public offering securities not yet settled	3054	Arts. 29, caput, item VIII, and art. 37.
Forward committed, with defined repurchase/resale price and with free movement agreement – Securities in circulation	4044	Arts. 29, caput, item VIII, and art. 37.
Forward committed, with defined repurchase/resale price and with free movement agreement – Public offering securities not yet settled	3044	Arts. 29, caput, item VIII, and art. 37.
Forward committed, without defined repurchase/resale price and without free movement agreement – Securities in circulation	4057	Arts. 29, caput, item VIII, and art. 37.
Forward committed, without defined repurchase/resale price and without free movement agreement – Public offering securities not yet settled	3057	Arts. 29, caput, item VIII, and art. 37.
Forward committed, without defined repurchase/resale price and with free movement agreement – Securities in circulation	4047	Arts. 29, caput, item VIII, and art. 37.
Forward committed, without defined repurchase/resale price and with free movement agreement – Public offering securities not yet settled	3047	Arts. 29, caput, item VIII, and art. 37.
Rediscount
STR Rediscount – Contracting	1024	Arts. 6º, caput, item V, art. 29, caput, item IV, and art. 54, caput, item I.
STR Rediscount – Payment	1026	Arts. 6º, caput, item V, art. 29, caput, item IX, and art. 54, caput, item I.
STR Rediscount – Early payment, total or partial	1025	Arts. 6º, caput, item V, art. 29, caput, item IX, art. 33, §2º and art. 54, caput, item I.
STR Rediscount – Consolidation	1028	Arts. 6º, caput, item V, art. 29, caput, item IX, art. 35 and art. 54, caput, item I.
SPI Rediscount – Contracting	1009	Arts. 6º, caput, item V, art. 29, caput, item IV, and art. 63, caput, item III.
SPI Rediscount – Payment	1016	Arts. 6º, caput, item V, art. 29, caput, item IX, and art. 63, caput, item III.
SPI Rediscount – Partial payment	1015	Arts. 6º, caput, item V, art. 29, caput, item IX, and art. 63, caput, item III.
Financial transfers
Financial transfer – Income Tax	1066	Arts. 29, caput, item X, and art. 42.
Financial transfer – Tax on Credit, Exchange and Insurance Operations, or on Securities (IOF)	1067	Arts. 29, caput, item X, and art. 42.
Financial transfer – Interest coupon or amortization	1068	Arts. 29, caput, item X, and art. 42.
Financial transfer – Reimbursement of Selic cost	1069	Arts. 29, caput, item XVII, and art. 129.
Transfers to/from clearing house
Transfer of securities to/from clearing house – Without financial	1023	Art. 89.
Transfer of securities to/from clearing house – Conditional release or establishment of guarantee	1033	Arts. 89, 91 and 92.
Transfer of securities to/from clearing house – Settlement of auction/payment of rediscount/contracting of rediscount	1043	Arts. 89 and 93 to 101.
Transfer of securities to/from clearing house – Reconstitution of special assets	1053	Arts. 89 and 105.
Transfers resulting from liens and encumbrances
Transfer of securities without financial – Liens and encumbrances	1014	Arts. 29, caput, item XV, and arts. 115 to 126
Transfers without financial
Transfer of securities without financial – Inheritance/dowry/bequest/donation/dissolution of conjugal society or stable union	1061	Arts. 29, caput, item XVIII, and art. 43.
Transfer of securities without financial – Exclusive use by Selic administrator	1062	Art. 29, §2º.
Transfer of securities without financial – Without change of ownership	1063	Arts. 29, caput, item XI, and art. 43.
Transfer of securities without financial – Incorporation/merger/spin-off/extinction	1064	Arts. 29, caput, item XII, and art. 43.
Transfer of securities without financial – Subscription/redemption of fund shares	1065	Arts. 29, caput, item XIII, and art. 43.
Linkages/Unlinkages
Linkage of securities	1013	Arts. 29, caput, item XIV, and art. 44.
Unlinkage of securities	1003	Arts. 29, caput, item XIV, and art. 44.
Other operations/cancellation commands
Fiduciary assignment of securities	1021	Art. 125, §2º, item I.
Unbundling of securities	1073	Arts. 29, caput, item XVI, and art. 45.
Rebundling of securities	1074	Arts. 29, caput, item XVI, and art. 45.
Cancellation of command, at the participant's discretion	1400	Art. 58.
Cancellation of repurchase/resale commitment	1456	Art. 29, caput, items VI and VII.
Cancellation of automatic forward settlement	3400	Art. 29, caput, item VIII, art. 37 and 52, caput, item II.

ANNEX II TO NORMATIVE INSTRUCTION BCB NO. 506, OF AUGUST 29, 2024

Client Types in Selic

Denomination	Code
Clearing house in constitution	080
Investment club	027
Consortium	013
Open pension entity	018
Closed pension entity	020
FGTS	022
Credit guarantee fund (FGC/FGCoop)	079
Fund regulated by CVM Fund/class regulated (a) by CVM (Wording given by Normative Instruction BCB No. 683, of 11/28/2025, producing effects from 12/1/2025.)	025
Off-market fund/program	026
Non-resident – Central Bank (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item I)	061
Non-resident – Government or governmental entity (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item II)	062
Non-resident – Sovereign fund or investment company controlled by sovereign fund (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item III)	063
Non-resident – Multilateral organization (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item IV)	064
Non-resident – Bank, custodian, savings and loan association and similar (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item V)	065
Non-resident – Insurance company (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item VI)	066
Non-resident – Broker, distributor and other intermediaries (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item VII)	067
Non-resident – Pension entity (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item VIII)	068
Non-resident – Non-profit entity (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item IX)	069
Non-resident – Collective investment fund or entity, with discretionary administration or regulated by an agency recognized by CVM (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item X, letters “a” and “b”)	070
Non-resident – Other collective investment funds or entities (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item XI)	071
Non-resident – Trust or fiduciary vehicle (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item XII)	072
Non-resident – Company with bearer shares (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item XIII)	073
Non-resident – Other financial legal entities constituted abroad (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item XIV)	074
Non-resident – Other non-financial legal entities constituted abroad (CVM Resolution No. 13, of November 18, 2020, Annex A, art. 1º, § 1º, item XIV)	075
Non-resident – Individual resident abroad	076
Foreign exchange brokerage company	077
Leasing company	078
Health assistance plan operator	028
Individual	029
Individual – Tesouro Direto	054
Financial legal entity – Linkage/unlinkage (transitional)	031
Non-financial legal entity	033
Pension benefit plan	059
Own social pension regime for public servants	035
Reinsurer	036
Admitted reinsurer	037
Health insurer	038
Capitalization company	045
Insurance company	051
Other funds	023
Other institutional investors	016
(Exclusive use by Selic administrator)	005
(Exclusive use by Selic administrator)	040
(Exclusive use by Selic administrator)	048
(Exclusive use by Selic administrator)	055

Note: The registration of clients with codes 005, 022, 026, 040, 048, 054 and 055 is carried out exclusively by the Selic administrator.

ANNEX III TO NORMATIVE INSTRUCTION BCB NO. 506, OF AUGUST 29, 2024

Account Types in Selic

Denomination	Code
Normal Custody – VR Excess Allocation - FGC	036
Normal Custody – Fiduciary Assignment	026
Normal Custody – Awarded Consortium Member	008
Normal Custody – Savings Direction	007
Normal Custody – Guarantee	009
Normal Custody – Tesouro Direto Guarantee Execution	035
Normal Custody – Liens and Encumbrances	033
Normal Custody – Payment Institution – Electronic Currency	028
Normal Custody – Free Movement	001
Normal Custody – Free Movement – Until Maturity	002
Normal Custody – Free Movement – Available for Sale	003
Normal Custody – On Account and Order - Sisbajud	031
Normal Custody – Linked Savings	006
Normal Custody – Financial Reserve – Betting Operator Agent	037
Special Selic Custody – Capital Increase/Establishment	015
Special Selic Custody – Special Assets	017
Special Selic Custody – On Account and Order	014
Special Selic Custody – Capital Reclassification	016
Special National Treasury Custody – Guarantee	030
Special Clearing House Custody – Deposit	018
Special Clearing House Custody – Mutualized Fund	020
Special Clearing House Custody – Guarantee	019
Special Intervening Party Custody – Allocation	027
Special Intervening Party Custody – Fiduciary Assignment of Guarantee	025
Special Intervening Party Custody – Liens and Encumbrances	034
Special Intervening Party Custody – Earmarked Assets	032
Special Regulator Agency Custody – Guarantee Assets	013
Brokerage	022
Issuance and Cancellation	023
Settlement	021

NOTE

The present normative instruction establishes deadlines, hours and operational procedures provided for in the Regulation of the Special Settlement and Custody System (Selic), annex to BCB Resolution No. 55, of December 16, 2020.

2. 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 4º, the aforementioned decree establishes the hypotheses for dispensing with the carrying out of RIA. The present normative instruction falls under the hypothesis provided for in item III, a normative act considered of low impact, as it only guides the execution of an obligation already contained in another current norm. Thus, based on item III of art. 4º of Decree No. 10.411, of 2020, I understand that the issuance of the present BCB IN dispenses with the carrying out of RIA.

ANDRÉ DE OLIVEIRA AMANTE
Head of Demab