Normative Instruction BCB No. 52 — Amends Circular Letters No. 3,850 and 3,853 of December 19, 2017, regarding accounting items for Simplified Reference Equity (PRS5) and Risk-Weighted Assets (RWAS5)

Circular Letter Credit

NORMATIVE INSTRUCTION BCB NO. 52, OF DECEMBER 1, 2020

Amends the wording of Circular Letters No. 3,850 and 3,853, both of December 19, 2017, which detail accounting items to be used in the calculation of Simplified Reference Equity (PRS5) and in the calculation of the portion of risk-weighted assets in the simplified form (RWAS5) with respect to credit risk, respectively.

The Head of the Department of Prudential and Exchange Regulation (Dereg), in the exercise of the powers conferred upon him by Art. 23, item I, letter “a”, and Art. 118, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 108,150, of August 27, 2020, and having in view the provisions of Art. 11, sole paragraph, of Resolution No. 4,606, of October 19, 2017, and Circular Letter No. 3,862, of December 7, 2017,

R E S O L V E :

Art. 1º Art. 1º of Circular Letter No. 3,850, of December 19, 2017, shall enter into force with the following wording:

“Art. 1º
............................................................................................................

I - social capital, which corresponds to the sum of the values of the accounts:

a) 6.1.1.00.00-4

• Social Capital;

b) 6.4.0.00.00-8

• NON-CONTROLLING INTERESTS;

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

XII - intangible assets, which correspond to the sum of the values of the following accounts:

a) until December 31,
2020:

1. 2.5.1.00.00-2

• Intangible Assets; and

2. 1.9.8.10.90-6

• Intangible Assets

b) from
January 1, 2021:

1.
2.5.1.00.00-2 - Intangible Assets;

2.
1.9.8.70.40-3 - Intangibles, minus the value of account 1.9.8.97.40-0 - (-) Intangibles, limited to zero; and

3.
1.9.8.80.40-0 - Intangibles, minus the value of account 1.9.8.98.40-9 - (-) Intangibles, limited to zero;

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

XVI - non-controlling interests in the capital of subsidiaries, which corresponds to the sum of the values of the accounts:

a) 3.0.9.73.52-3

• Deduction of Non-Controlling Interests in Equity in Entities Subject to
  Central Bank Authorization;

b) 3.0.9.73.53-0

• Deduction of Non-Controlling Interests in Capital of Entities Not Subject to
  Central Bank Authorization;

XVII - tax credits arising from temporary differences that depend on the generation of future taxable profits or revenues for their realization, which correspond to the sum of the following components:

a) to the value of account 3.0.9.84.21-3 - Tax Credit Temporary Difference - Provisions Passive – Fiscal and Social Security Contingencies;

b) to the result, limited to zero:

1. of
   the sum of accounts 3.0.9.84.29-9 - Tax Credit of Temporary Difference

• Passive Provisions - Others, 3.0.9.84.30-0 - Tax Credits of
  Temporary Difference - Marking to Market, 3.0.9.84.40-2 - Tax Credits of Temporary Difference - Others and;

2. of the deduction
   of the minimum between the value of account 1.8.8.25.30-1 - Tax Credits - MP 992 and the sum of accounts 3.0.9.50.15-1 - CGPE – Company with Gross Revenue up to R$100 Millions, 3.0.9.50.25-4 - CGPE – Company with Gross Revenue between R$100 Millions and R$300 Millions and 3.0.9.50.35-7 - CGPE – Eligible Programs;

XVIII -
...............................................................................................................

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

e)
3.0.9.84.50-5 - Tax Credits from Fiscal Loss - Supervenience of Depreciation;

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

Art. 2º Art. 1º of Circular Letter No. 3,853, of December 19, 2017, shall enter into force with the following wording:

“Art. 1º
............................................................................................................

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

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

bd) 1.4.2.06.00-3

• CENTRAL BANK – INSTANTANEOUS PAYMENT ACCOUNT;

be)
1.8.8.52.00-6 - PRESUMED CREDIT;

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

VIII - net liquidity transferred as a result of the cooperative act denominated financial centralization, which correspond to the values of the account 1.4.5.00.00-8 - Resources Transferred to Cooperative Banks, Confederations or Central Cooperatives;

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

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

Art. 4º Letter “c” of item XVII of Art. 1º of Circular Letter No. 3,850, of 2019, is hereby repealed.

Ricardo Franco Moura