Normative Instruction BCB No. 626 of May 29, 2025

Resolution No. 222

NORMATIVE INSTRUCTION
BCB NO. 626, OF MAY 29, 2025

Amends the Normative Instruction BCB No. 297, of August 23, 2022, which consolidates the procedures to be observed in the submission of information regarding cooperative relationships.

The Head of the Financial System Monitoring Department (Desig), using the authority granted to him 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 of Resolution BCB No. 221, of March 30, 2022,

R E S O L V E S:

Article 1. The Normative Instruction BCB No. 297, of August 23, 2022, published in the Official Gazette of the Union on August 24, 2022, shall enter into force with the following amendments:

“Article 3. ...................................................................................................................................

I - .............................................................................................................................................

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f) operations under their responsibility;

g) value of the capital quotas; and

h) exceptional registration status.

.......................................................................................................................................” (NR)

Article 2. The new versions of the filling instructions and the layout of the Document 5300 - Information on Cooperative Relationships, available on the Central Bank of Brazil's website at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd, shall enter into force, starting from the data base of July 2025, with the following modifications:

I - In the layout:

a) inclusion of the attribute "excecaoCadastral" in the tag "cooperado".

II - In the filling instructions:

a) inclusion of Annex 4: Type of Exceptional Registration Status (attribute "excecaoCadastral" of Tag "cooperado")

Article 3. This Normative Instruction enters into force on July 1, 2025.

ANDRÉ
MAURÍCIO TRINDADE DA ROCHA

NOTE

Resolution BCB No. 221, of March 30, 2022, consolidated the regulations governing the submission of information regarding cooperative relationships, containing data related to their cooperative members and, where applicable, to their legal or conventional representatives and to the municipalities depositing funds in the cooperative, including their bodies or entities and companies controlled by them, with the aim of providing the Central Bank of Brazil with information that allows for a better understanding of this segment, as well as to supply the Register of Clients of the National Financial System (CCS). This information is captured through Document 5300 - Information on Cooperative Relationships (Document 5300), within the scope of Normative Instruction BCB (IN BCB) No. 297, of August 23, 2022.

2. During the process of verifying the quality of information provided by cooperatives regarding their cooperative members, within the scope of the curation of the Database 5300 data base, a high number of inquiries made to cooperatives was observed, resulting from the registration of cooperative members with irregular registration status, whether due to "judicial block" or "government program", among others.

3. To avoid unnecessary inquiries, which generate operational costs for both the Central Bank of Brazil and the supervised entities, it is intended to create a field in Document 5300 so that cooperatives can always inform whenever a cooperative member has an exceptional registration status that justifies their irregular situation.

4. Decree No. 10.411, of June 30, 2020, regulates the conduct of regulatory impact analysis (RIA) as a prerequisite for the issuance of normative acts of general interest to economic agents. However, in its Article 4, said decree establishes the hypotheses for exemption from conducting RIA. This IN BCB, by seeking to improve the data base curation process within this Autarchy through the creation of a specific field to house the information on a cooperative member's exceptional registration status, reducing operational costs for both the Central Bank of Brazil and the supervised entities, falls under the hypothesis of item VII - normative act that reduces requirements, obligations, restrictions, requests, or specifications with the objective of reducing regulatory costs. Thus, based on item VII of Article 4 of the aforementioned Decree, it is understood that the issuance of this Normative Instruction is exempt from conducting RIA.

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