Normative Instruction BCB No. 577 — Amends Normative Instructions BCB Nos. 428 and 433 to Create Accounting Lines in the Cosif Chart of Accounts

Normative Instruction BCB No. 577 adds two specific accounting lines to the Cosif chart of accounts for institutions regulated by the Central Bank of Brazil to record negative adjustments to expected loss provisions. These lines, effective January 1, 2025, facilitate the tracking of adjustments recognized in equity resulting from the application of provisioning criteria established in CMN Resolution No. 4,966/2021 and BCB Resolution No. 352/2023. The negative adjustment recognized on the effective date will be gradually added to regulatory capital metrics until 2028.

BCB published 15 documents in the last 30 days — get each new one by email the day it lands.

Alterations of Cosif

NORMATIVE INSTRUCTION BCB NO. 577, OF DECEMBER 26, 2024

Amends Normative Instructions BCB Nos. 428 and 433, both of December 1, 2023, to create accounting lines in the list of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

The Head of the Financial System Regulation Department (Denor), using the attribution 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,

Read the rest free, and get an email when BCB publishes again

Email me when BCB publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Show all related documents (10)

Amends: Normative Instruction No. 428 dated 2023-12-01not in RegAlertNormative Instruction No. 433 dated 2023-12-01not in RegAlert
Issued under: CMN Resolution No. 5,199 of December 23, 20242024 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 RegAlertResolution No. 340 dated 2023-09-21not in RegAlertResolution No. 92 dated 2021-05-06not in RegAlert
Refers to: Resolution BCB No. 448 – Amends Resolutions BCB Nos. 198, 199 and 201 of March 11, 20222024 Resolution BCB No. 352 of November 23, 2023: Accounting Concepts and Criteria for Financial Instruments and Hedge Accounting2023 Resolution CMN No. 4,966 — Accounting Concepts and Criteria for Financial Instruments and Hedge Accounting2021

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