Normative Instruction BCB No. 510 — Amends Document 6 (Statement of Rural Credit Obligations and Applications) of the Rural Credit Manual (MCR)

Resolution No. 222

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

NORMATIVE INSTRUCTION
BCB NO. 510, OF AUGUST 30, 2024

Amends
Document 6 (Statement of Rural Credit Obligations and Applications) of the Rural Credit Manual (MCR).

The Head of the Department of Regulation, Supervision and Control of Rural Credit and Proagro Operations (Derop), in the exercise of the powers conferred upon him by Art. 99, item II, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 108.150, of August 27, 2020, and Art. 4 of Circular No. 3.801, of July 7, 2016, and in view of the provisions of item 11 of Section 1 of Chapter 6 of the Rural Credit Manual (MCR),

R E S O L V E S:

Art. 1º Document 6 (Statement of Rural Credit Obligations and Applications) of the Rural Credit Manual (MCR) shall enter into force with the following alterations:

I - Annexes I (Instructions and Concepts), II (Codes of Mandatory Resources - MCR 6-2), III (Codes of Rural Savings Resources - MCR 6-4) and IV (Codes of Agricultural Business Letter Resources - MCR 6-7) are updated;

II - Annex IX - Codes of Cash Resources - Additional Obligation (CMN Resolution 5.157/2024) is instituted; and

III - Annex VIII - Codes of Cash Resources - Additional Obligation (CMN Resolution 5.087/2023) is revoked.

Sole Paragraph. The MCR - Document 6 will be made available on the website of the Central Bank of Brazil, on the MCR consultation page, available at the electronic address www3.bcb.gov.br/mcr.

Art. 2º Financial institutions subject to the Obligations of Mandatory Resources, Rural Savings and Agricultural Business Letter, and those subject to Additional Obligation, must submit the MCR - Document 6 statements, referring to the position of July 2024, through the Rural Credit Obligations System (Sisex), by September 20, 2024.

Art. 3º This BCB Normative Instruction enters into force on the date of its publication.

CLAUDIO
FILGUEIRAS PACHECO MOREIRA

NOTE

The regulatory changes promoted by CMN Resolutions No. 5.157, of July 3, 2024, No. 5.160, of July 24, 2024, and No. 5.170, of August 22, 2024, which, among other things, establish additional obligation for application in rural credit on cash resources, revoke the percentage of obligation on cash resources referred to in MCR 6-2-3-A, regulate the application of resources captured by the issuance of LCA (MCR 6-7) in operations subject to the economic subsidy of the Union, and adjust the weighting factor for operations contracted with mandatory resources within the scope of Pronaf from July 1, 2024, make it necessary to adjust Document 6 (Statement of Rural Credit Obligations and Applications), and its annexes, of the Rural Credit Manual (MCR).

2. It is worth highlighting that, by virtue of Art. 24 of Decree No. 10.411, of June 30, 2020, the issuance of normative acts by the bodies and entities of the direct, autarchic and foundation federal public administration, from October 14, 2021, must be preceded by a Regulatory Impact Analysis (AIR). However, in its Article 4, the aforementioned decree establishes the hypotheses for dispensing with the realization of AIR. The present BCB IN falls under the hypothesis provided for in item II, a normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, as it only compatibilizes the MCR - Document 6 with the regulatory adjustments carried out within the scope of the Agricultural and Livestock Plan 2024/2025. Thus, based on item II of Art. 4 of Decree No. 10.411, of 2020, it is understood that the issuance of the present BCB IN dispenses with the realization of AIR.

CLAUDIO FILGUEIRAS PACHECO MOREIRA
Head of Derop