Normative Instruction BCB No. 541 — Amends Normative Instruction BCB No. 431 of December 1, 2023, to define accounting items for the Creditor Result group of the Chart of Accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif)

Normative Instruction BCB No. 541 amends the accounting chart of accounts for institutions regulated by the Central Bank of Brazil (Cosif) by adding new revenue and tax items and modifying existing ones to align with international standards and legal requirements. Specifically, it introduces account codes for insurance, pension, capitalization, and transfer pricing income under the Creditor Result group, and adds detailed income tax and social contribution accounts under the Tax group. The instruction also updates definitions for operating lease income, equity method adjustments, and judicial deposit restitution. These changes take effect on November 11, 2024.

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BCB NORMATIVE INSTRUCTION NO. 541, OF NOVEMBER 5, 2024

Amends BCB Normative Instruction No. 431, of December 1, 2023, which defines the accounting items of the Creditor Result group of the chart 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 by Art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution 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. 431 of December 1, 2023: Defines Accounting Items for the Creditor Result Group in the Cosif Chart of Accounts

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