RegAlert2024-12-02 | Instrução Normativa BCB 557Added
Normative Instruction BCB No. 557 — Discloses procedures regarding Resolution BCB No. 145 of September 24, 2021, which defines and consolidates the rules for mandatory reserve deposits on time resources
Normative Instruction BCB No. 557 establishes procedures for financial institutions to submit and query information regarding mandatory reserve deposits on time resources, requiring STR participants with main RSFN access to use the RSFN and other institutions to use the STR-Web application. It mandates the use of the RCO0002 message for reporting reference dates from January 1, 2025, specifying exact Cosif account codes for various deposit and obligation categories. The instruction updates the calculation formula for mandatory reserves to include a deduction for advances to the Credit Guarantee Fund (DeducFGC) and sets the effective date for these provisions as January 1, 2025, while revoking the previous Normative Instruction BCB No. 162.
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Resolution No. 222
BCB NORMATIVE INSTRUCTION NO. 557, OF DECEMBER 2, 2024
Discloses procedures regarding Resolution BCB No. 145, of September 24, 2021, which defines and consolidates the rules for mandatory reserve deposits on time resources.
The Head of the Department of Banking Operations and Payment Systems (Deban), in the exercise of the authority conferred by Article 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, and taking into account the provisions of Resolution BCB No. 145, of September 24, 2021,
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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
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