Normative Instruction BCB No. 600 of March 27, 2025

Resolution No. 222

NORMATIVE INSTRUCTION
BCB NO. 600, OF MARCH 27, 2025

Amends
Normative Instruction BCB No. 195, of December 9, 2021, which establishes procedures for sending the Analytical Trial Balance and the Analytical Balance Sheet by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Head of the Department of Monitoring of the Financial System – acting within the scope of the authority conferred by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, published through Resolution BCB No. 340, of September 21, 2023, based on Article 85, item I, letter “b”, of said Regulations, and considering the provisions in Resolutions BCB Nos. 1, of August 12, 2020, 92, of May 6, 2021, and 146, of September 28, 2021, and in Normative Instruction BCB No. 195, of December 9, 2021,

RESOLVES:

Art. 1 This Normative Instruction provides for the submission to the Central Bank of Brazil of documents code 4010 - Analytical Trial Balance and 4016 - Analytical Balance Sheet by payment institutions not authorized to operate by the Central Bank of Brazil that are participants of Pix or that are in the process of adhering to Pix, as per Article 3, paragraph 9 of Resolution BCB No. 1, of August 12, 2020.

Art. 2 The summary of Normative Instruction BCB No. 195, of December 9, 2021, published in the Official Gazette of the Union (DOU) on 10/12/2021, in Section 1, p. 41, shall enter into force with the following alterations:

“Establishes procedures for sending to the Central Bank of Brazil the Analytical Trial Balance and the Analytical Balance Sheet.” (NR)

Art. 3 Normative Instruction BCB No. 195, of December 9, 2021, published in the DOU on 10/12/2021, Section 1, p. 41, shall enter into force with the following alterations:

“Art. 1 Financial institutions and other institutions authorized to operate by the Central Bank of Brazil, as established in Article 2, item I and Article 4 of Resolution CMN No. 4,911, of May 27, 2021, and in Article 2, items I and II and Article 5 of Resolution BCB No. 146, of September 28, 2021, and payment institutions not authorized to operate by the Central Bank of Brazil that are participants of Pix or that are in the process of adhering to Pix, as per Article 3, paragraph 9 of Resolution BCB No. 1, of August 12, 2020, must prepare and send to the Central Bank of Brazil the individual accounting information, through the documents of code:

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Art. 2 The documents referred to in Article 1 must be sent by financial institutions and other institutions authorized to operate by the Central Bank of Brazil and by payment institutions referred to in Article 3, paragraph 9 of Resolution BCB No. 1, of 2020, on an individual basis.” (NR)

Art. 4 This Normative Instruction enters into force on the date of its publication, producing effects from July 1, 2025.

ANDRÉ MAURÍCIO TRINDADE DA
ROCHA

NOTE

The accounting documents
4010 - Analytical Trial Balance and 4016 - Analytical Balance Sheet, created based on Resolution CMN No. 4,911, of May 27, 2021, and on Resolution BCB No. 146, of September 28, 2021, and governed by Normative Instruction BCB No. 195, of December 9, 2021, are prepared by financial institutions and other institutions authorized to operate by the Central Bank of Brazil (IFs) and must be sent to this Autarchy in accordance with the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif.

2. Resolution
   BCB No. 429, of November 11, 2024, amended Resolution BCB No. 1, of August 12, 2020, to determine that payment institutions not authorized to operate by the Central Bank of Brazil and that are participants of Pix or that are in the process of adhering to Pix, as per Article 3, paragraph 9 of Resolution BCB No. 1, of August 12, 2020, must prepare the accounting documents and send them to the Central Bank of Brazil, as provided in Article 3, paragraph 5, item I, letter “e” of said Resolution.

3. To
   comply with what is stated in Resolution BCB No. 1, of 2020, it is necessary to amend Normative Instruction BCB No. 195, of December 9, 2021, so that the institutions referred to in the previous paragraph send the accounting documents of code 4010 - Analytical Trial Balance and 4016 - Analytical Balance Sheet, starting from July 1, 2025.

4. The Decree
   No. 10,411, of June 30, 2020, regulates the carrying out of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts of general interest of economic agents. However, in its Article 4, the aforementioned decree establishes the hypotheses for dispensing with the carrying out of AIR. The present Normative Instruction falls under the hypothesis provided for in item II - normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives.

5. The alteration
   introduced by Resolution BCB No. 429, of November 11, 2024, in Resolution BCB No. 1, of August 12, 2020, determined that payment institutions that fall under the provisions of paragraph 9 of Article 3 of Resolution BCB No. 1, of August 12, 2020, must prepare the accounting documents and send them to the Central Bank of Brazil. With this, there was no alternative but to amend the Normative Instruction BCB (IN BCB) that governs the sending of these documents to include this new obligation, thus justifying the classification of the present IN BCB under item II of Decree No. 10,411, of June 30, 2020.

6. Thus, based on the provisions of paragraphs 4 and 5, I understand that the issuance of the present IN
   BCB is exempt from the carrying out of AIR.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA
Head of the Department of Monitoring of the Financial System