Normative Instruction BCB No. 537 of November 5, 2024

This instruction amends the accounting line items for the Realizable Asset group within the Cosif Accounting Standard by adding a new account for expected credit loss, removing two obsolete accounts (additional provision and an older expected credit loss entry), and updating definitions for foreign exchange advances, works of art, expenses to be appropriated, and initial recognition losses. These changes are required for financial institutions and other entities authorized by the Central Bank of Brazil to ensure alignment with IFRS 9 standards and regulatory requirements. The amendments become effective on November 11, 2024.

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NORMATIVE INSTRUCTION BCB NO. 537, OF NOVEMBER 5, 2024

Amends Normative Instruction BCB No. 426, of December 1, 2023, which defines the accounting line items of the Realizable Asset group in the list of accounts 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), in the exercise of the authority conferred upon 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 CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021,

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This document amends: Normative Instruction BCB No. 426 of December 1, 2023

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works