Normative Instruction BCB No. 565 of December 16, 2024

Changes to Cosif

NORMATIVE INSTRUCTION BCB NO. 565, OF DECEMBER 16, 2024

Amends Normative Instruction BCB No. 433, of December 1, 2023, which defines the accounting items of the Passive 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 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,

RESOLVES:

Art. 1. The following accounting item is included in Annex IV of Normative Instruction BCB No. 433, of December 1, 2023, published in the Official Gazette of the Union on December 14, 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
9.8.2.10.01.10-0	Development Credit Letters	-

Art. 2. This Normative Instruction enters into force on January 1, 2025.

RENATO KIYOTAKA UEMA

NOTE 869/2024 – BCB/DENOR, OF DECEMBER 16, 2024

Justifies proposal for the issuance of a normative instruction that alters accounting items of the Passive Compensation group of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Sir
Head of Denor,

This Note justifies the proposal for the issuance of a normative instruction that includes an accounting item in the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), according to the competence of the Financial System Regulation Department (Denor), using the authority conferred by art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil (BCB), 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.

2. With the issuance of CMN Resolution 5.184, of November 21, 2024, Resolution No. 4.222, of May 23, 2013, and its Annexes I and II, which deal, respectively, with the Statute and the Regulations of the Credit Guarantee Fund – FGC, were amended to include, in the list of financial instruments subject to the ordinary guarantee, the Development Credit Letter – LCD.

3. Thus, considering that, in accordance with BCB Resolution No. 102, of June 7, 2021, the calculation of the contribution to the FGC is made based on the balance of the accounting items of the Cosif Account Plan, it is necessary to include, in title 9.8.2.10.00.00-8 GUARANTEE FUNDS, a sub-account title that allows for the control of the contractual balance of LCDs.

4. Finally, in compliance with the provisions of art. 5 of Law No. 13.874, of September 20, 2019, Decree No. 10.411, of June 30, 2020, determines that proposals for normative acts of general interest of economic agents formulated by bodies and entities of the direct, autarchic, and foundational federal public administration, as well as by collegial bodies through the body or entity responsible for providing them with administrative support, must be preceded by a Regulatory Impact Analysis (RIA).

5. However, as provided in art. 4, item II, of this Decree, the obligation to prepare an RIA may be waived for a normative act that aims to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. Thus, in light of this provision, the normative instruction now proposed is exempt from the preparation of an RIA.

For your consideration,

MARIA
CAMILA BAIGORRI

Acting Deputy Head

Agreed.

RENATO
KIYOTAKA UEMA

Acting Department Head