Normative Instruction BCB No. 538 of November 5, 2024

This instruction amends the Cosif accounting standards by adding, removing, and modifying specific account items within Annexes I and III of Normative Instruction BCB No. 428, and by introducing a new Annex IV for legal or regulatory obligation controls. The changes update accounting treatments for prepaid payment accounts, payment transactions, development credit letters, and various emergency credit programs, while removing obsolete entries related to swaps and specific government support schemes. The regulation enters into force on November 11, 2024, applying to financial institutions and other entities authorized by the Central Bank of Brazil.

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Resolution No. 222

NORMATIVE INSTRUCTION

BCB NO. 538, OF NOVEMBER 5, 2024

Amends the Normative Instruction BCB No. 428, of December 1, 2023, which defines the accounting items of the Active Compensation 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 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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Lineage: In force

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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