Normative Instruction BCB No. 540 — Amends Normative Instruction BCB No. 430 of December 1, 2023, Defining Accounting Items of the Equity Group in the Cosif Chart of Accounts

Normative Instruction BCB No. 540 amends the chart of accounts for the Equity group under the Central Bank of Brazil's Cosif standard by adding, excluding, and modifying specific accounting items in Annexes I and II of Normative Instruction BCB No. 430. The changes include new codes for reserve funds and interfinancial applications, the removal of previous reserve fund codes, and updates to accounts for revaluation adjustments, accumulated surpluses or losses, and non-controlling interests to align with IFRS 9 requirements. These amendments apply to financial institutions and other entities authorized by the Central Bank of Brazil and enter into force on November 11, 2024.

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Cosif Amendments

NORMATIVE INSTRUCTION BCB NO. 540, OF NOVEMBER 5, 2024

Amends Normative Instruction BCB No. 430, of December 1, 2023, which defines the accounting items of the Equity group in the chart of accounts of the Accounting Standard for 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 Department of Financial System Regulation (Denor), using the authority conferred 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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Amends: Normative Instruction No. 430 dated 2023-12-01not in RegAlert
Issued under: CMN Resolution No. 4,858 — Establishes the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif)2020Law No. 13874 dated 2019-09-20not in RegAlertRegulation No. 10411 dated 2020-06-30not in RegAlertResolution No. 340 dated 2023-09-21not in RegAlertResolution No. 92 dated 2021-05-06not in RegAlert

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