Normative Instruction BCB No. 671 — Amends Normative Instructions BCB Nos. 426, 427, 428, 429, 431 and 432 of December 1, 2023, Defining Accounting Line Items of the Chart of Accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif)

INSTRUÇÃO NORMATIVA BCB Nº 671, DE 1º DE OUTUBRO DE 2025

Amends Normative Instructions BCB Nos. 426, 427, 428, 429, 431 and 432, all of December 1, 2023, which define accounting line items of the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

The Head of the Financial System Regulation Department (Denor), in use of the attribution conferred upon him 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,

R E S O L V E:

Art. 1º The following accounting line items are included in Annex III of Normative Instruction BCB No. 426, 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
1.3.6.16.10.00-4	Federal Public Bonds	-
1.3.6.16.10.10-7	Gross Book Balance	-
1.3.6.16.10.40-6	(-) Incurred Loss Associated with Credit Risk	-
1.3.6.16.10.70-5	(+/-) Fair Value Hedge Adjustment	-
1.3.6.16.10.80-8	(+/-) Fair Value Adjustment	-
1.3.6.16.31.00-7	Private Bonds - Fixed Income	-
1.3.6.16.31.10-0	Gross Book Balance	-
1.3.6.16.31.40-9	(-) Incurred Loss Associated with Credit Risk	-
1.3.6.16.31.60-5	(-) Expected Loss Associated with Credit Risk	-
1.3.6.16.31.70-8	(+/-) Fair Value Hedge Adjustment	-
1.3.6.16.31.80-1	(+/-) Fair Value Adjustment	-
1.3.6.16.80.00-3	Variable Income Bonds	-
1.3.6.16.99.00-1	Others	-
1.3.6.16.99.10-4	Gross Book Balance	-
1.3.6.16.99.40-3	(-) Incurred Loss Associated with Credit Risk	-
1.3.6.16.99.60-9	(-) Expected Loss Associated with Credit Risk	-
1.3.6.16.99.70-2	(+/-) Fair Value Hedge Adjustment	-
1.3.6.16.99.80-5	(+/-) Fair Value Adjustment	-

Art. 2º The following accounting line items are excluded from Annex III of Normative Instruction BCB No. 426, of 2023:

Account Code	Account Name	Estban	Function
1.3.6.16.01.00-6	Bonds Given as Collateral in Payment Arrangement	-
1.3.6.16.01.10-9	Gross Book Balance	-
1.3.6.16.01.40-8	(-) Incurred Loss Associated with Credit Risk	-
1.3.6.16.01.60-4	(-) Expected Loss Associated with Credit Risk	-
1.3.6.16.01.70-7	(+/-) Fair Value Hedge Adjustment	-
1.3.6.16.01.80-0	(+/-) Fair Value Adjustment	-

Art. 3º The following accounting line items are included in Annex VIII of Normative Instruction BCB No. 426, of 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
1.8.1.50.00.00-5	ACQUIRED CREDIT RIGHTS	172	Record the acquisition operations of credit rights originated outside the National Financial System, in which, in accordance with current regulation, the assignor transfers substantially all risks and benefits of the asset subject to the operation, for which there is no specific line item, including the acquisition of commercial receivables without co-obligation of the assignor.
1.8.1.50.10.00-2	Acquired Credit Rights	-
1.8.1.50.10.10-5	Contractual Balance	-
1.8.1.50.10.11-2	(+/-) Transaction Costs or Revenues Included in EIR	-
1.8.1.50.10.12-9	(-) Deferred Revenues - Differentiated EIR	-
1.8.1.50.10.13-6	Deferred Transaction Costs - Differentiated EIR	-
1.8.1.50.10.14-3	(+/-) Premium or Discount	-
1.8.1.50.10.15-0	(+/-) Present Value Adjustment - Restructured Operations	-
1.8.1.50.10.40-4	(-) Incurred Loss Associated with Credit Risk	-
1.8.1.50.10.50-7	(-) Additional Provision	-
1.8.1.50.10.60-0	(-) Expected Loss Associated with Credit Risk	-
1.8.1.50.10.70-3	(+/-) Fair Value Hedge Adjustment	-
1.8.1.50.10.80-6	(+/-) Fair Value Adjustment	-
1.8.8.81.00.00-4	AMOUNTS RECEIVABLE FOR SUBSIDIES OR SUBSIDIES GRANTED	172	Record the amounts receivable resulting from subsidies or grants granted in credit operations or with characteristics of granting credit.
1.8.8.81.10.00-1	From the Union	-
1.8.8.81.20.00-8	From States, DF or Municipalities	-
1.8.8.81.30.00-5	From Funds	-
1.8.8.81.90.00-7	From Other Entities	-

Art. 4º The following accounting line item is amended in Annex VIII of Normative Instruction BCB No. 426, of 2023:

Account Code	Account Name	Estban	Function
1.8.8.40.05.00-0	For Interposition of Fiscal Appeals Law 14.973, of 2024	-

Art. 5º The following accounting line items are amended in Annex I of Normative Instruction BCB No. 427, of December 1, 2023, published in the Official Gazette of the Union on December 14, 2023:

Account Code	Account Name	Estban	Function
2.1.1.20.07.00-9	(+/-) Financial Institutions - Difference between Fair Value and Book Value of Assets and Liabilities	-
2.1.1.20.08.00-8	(+/-) Financial Institutions - Assets and Liabilities Not Recorded in the Investee	-
2.1.1.20.17.00-6	(+/-) Non-Financial Institutions - Difference between Fair Value and Book Value of Assets and Liabilities	-
2.1.1.20.18.00-5	(+/-) Non-Financial Institutions - Assets and Liabilities Not Recorded in the Investee	-
2.1.2.10.13.00-8	(+/-) Authorized to Operate by the Central Bank - Difference between Fair Value and Book Value	-
2.1.2.10.14.00-7	(+/-) Authorized to Operate by the Central Bank - Assets and Liabilities Not Recorded in the Investee	-
2.1.2.10.23.00-5	(+/-) Other Participations - Difference between Fair Value and Book Value of Assets and Liabilities	-
2.1.2.10.24.00-4	(+/-) Other Participations - Assets and Liabilities Not Recorded in the Investee	-

Art. 6º The following accounting line items are included in Annex I of Normative Instruction BCB No. 428, 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
3.0.9.73.21.00-5	Indirect Investments in Entities and Institutions Not Part of the Prudential Conglomerate	-	Record exclusively the values related to indirect investments, including through investment funds, in entities and institutions not part of the prudential conglomerate deducted from the reference equity, in accordance with current regulation. The value of the indirect investment resulting from a direct investment subject to deduction in the manner of the current prudential regulation must not be recorded.
3.0.9.73.21.10-8	Equity	-	Record exclusively the values related to indirect investments in the equity of entities not part of the prudential conglomerate.
3.0.9.73.21.20-1	Eligible Instruments	-	Record exclusively the values related to indirect investments in instruments eligible for the composition of Core Capital, Additional Capital and Tier II, of an institution not part of the prudential conglomerate, as defined in specific regulation.

Art. 7º The following accounting line items are excluded from Annex I of Normative Instruction BCB No. 428, of 2023:

Account Code	Account Name	Estban	Function
3.0.9.73.10.00-9	Partic Inf to 10% of Share Capital of Controlled Entities not Subject to Central Bank Authorization	-	Record the participations, direct or indirect, lower than 10% of the share capital of controlled entities not subject to authorization by the Central Bank of Brazil
3.0.9.73.11.00-8	Partic Sup to 10% of Share Capital of Controlled Entities not Subject to Central Bank Authorization	-	Record the participations, direct or indirect, higher than 10% of the share capital of controlled entities not subject to authorization by the Central Bank of Brazil.
3.0.9.73.12.00-7	Investments in Eligible Capital Raising Instruments of the Investee for Core Capital	-	Record the value of investments in raising instruments authorized to integrate the Core Capital of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, in accordance with current regulation.
3.0.9.73.13.00-6	Investments in Eligible Capital Raising Instruments of the Investee for Additional Capital	-	Record the value of investments in raising instruments authorized to integrate the Additional Capital of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, in accordance with current regulation.
3.0.9.73.14.00-5	Investments in Eligible Capital Raising Instruments of the Investee for Tier II Capital	-	Record the value of investments in raising instruments authorized to integrate Tier II of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, in accordance with current regulation.

Art. 8º The following accounting line items are included in Annex IV of Normative Instruction BCB No. 428, of 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
3.8.1.20.60.00-8	Rural Credit Operations for Liquidation or Amortization of Rural Producers' Debts	-
3.8.1.20.60.10-1	Gross Book Value	-	Record the book value, before the constitution of the provision for losses, of rural credit operations contracted, within the scope of Provisional Measure No. 1,314, of 2025, for the liquidation or amortization of debts of rural producers prejudiced by adverse events.
3.8.1.20.60.90-5	(-) Expected Losses	-	Record the provision for losses of rural credit operations contracted within the scope of Provisional Measure No. 1,314, of 2025.

Art. 9º The following accounting line items are amended in Annex IX of Normative Instruction BCB No. 429, of December 1, 2023, published in the Official Gazette of the Union on December 14, 2023:

Account Code	Account Name	Estban	Function
4.9.8.98.00.00-4	(+/-) GROUP RESOURCES	-	Record the group resources to be allocated to active consortium members upon the closure of the group.
4.9.8.98.50.00-9	(+/-) Rights Update	-	Record the counterpart of the update of asset items due to the positive or negative variation in the price of the good or service.

Art. 10. The following accounting line items are included in Annex I of Normative Instruction BCB No. 431, 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
7.1.1.95.00.00-9	REVENUE FROM SUBSIDIES OR GRANTS FOR INTEREST RATE EQUALIZATION	711	Record revenues resulting from subsidies or grants granted in credit operations through equalization of contractual interest rates.
7.1.1.95.10.00-6	From Operations Related to Rural Credit	-
7.1.1.95.20.00-3	From Operations Related to Real Estate Financing	-
7.1.1.95.90.00-2	From Other Operations	-
7.1.6.95.00.00-4	REVENUE FROM SUBSIDIES OR GRANTS FOR INTEREST RATE EQUALIZATION	711	Record revenues resulting from subsidies or grants granted in other operations with credit characteristics through equalization of contractual interest rates.
7.1.9.16.00.00-6	PROFIT ON PURCHASE OR SALE OF FOREIGN CURRENCY	711	Record, by the buying or selling institution, the positive result obtained in an operation, settled on a spot basis, of purchase or sale of foreign currency.

Art. 11. The following accounting line items are included in Annex I of Normative Instruction BCB No. 432, 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
8.1.5.40.00.00-6	(-) EXPENSES OF FAIR VALUE ADJUSTMENT OF INVESTMENTS IN INVESTMENT FUNDS	712	Record the negative fair value adjustment expenses of investments in investment funds. This item must contain the following internal sub-items: I - financial application funds; II - mutual fixed income funds; and III - others.
8.1.9.16.00.00-5	(-) LOSS ON PURCHASE OR SALE OF FOREIGN CURRENCY	712	Record, by the buying or selling institution, the negative result obtained in an operation, settled on a spot basis, of purchase or sale of foreign currency.
8.1.9.96.00.00-7	(-) TRANSACTION COSTS	712	Record the transaction costs of financial instruments, segregated according to their category, which, as defined in current regulation, are not included in the gross book value of financial instruments.
8.1.9.96.10.00-4	(-) Financial Instruments - Amortized Cost
8.1.9.96.20.00-1	(-) Financial Instruments - Fair Value in Other Comprehensive Income
8.1.9.96.30.00-8	(-) Financial Instruments - Fair Value in Profit or Loss

Art. 12. The provisions of this Normative Instruction apply to accounting documents prepared from the base date of:

I - October 2025, regarding the provisions of arts. 6º, 7º and 8º; and

II - January 2026, regarding the remaining provisions.

Sole Paragraph. From the base dates mentioned in the caput, any accounting balances recorded in other accounting line items must be reclassified to the adequate accounting line items created by this Normative Instruction.

Art. 13. This Normative Instruction enters into force on:

I - on the date of its publication, regarding the provisions of arts. 6º, 7º and 8º; and

II - January 1, 2026, regarding the remaining provisions.

MARDILSON FERNANDES QUEIROZ

NOTE 614/2025 – BCB/DENOR, OF OCTOBER 1, 2025

Supports proposal for issuance of normative instruction that amends Normative Instructions BCB Nos. 426, 427, 428, 429, 431 and 432, all of December 1, 2023, which define accounting line items of the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

Head of Denor,

1.                     This Note supports the proposal for issuance of a normative instruction that amends accounting line items of the chart of accounts of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif), in accordance with the competence of the Financial System Regulation Department (Denor), in use of the attribution 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.                     From January 1, 2025, Normative Instructions BCB Nos. 426 to 433, of December 1, 2023, came into force, which consolidated the chart of accounts of Cosif, according to the new structure defined by Resolution BCB No. 92, of 2021. After the validity of the normative instructions, it was found necessary to make some adjustments, in order to correct improprieties and improve the quality of information provided, without alteration of merit.
   

3.                     Moreover, in order to improve the monitoring process promoted by the units linked to the Supervision Directorate, specific accounts are being created for certain assets and liabilities that, due to their relevance, require monitoring and supervision by this Central Bank. Finally, we propose the creation of accounts for control of credit operations granted under Provisional Measure No. 1,314, of 2025 and the capital requirement of institutions classified in Segment 5 (S5), for which the capital calculation is based on Cosif accounts. Thus, it is necessary to adjust Normative Instructions BCB Nos. 426, 427, 428, 429, 431 and 432, all of December 1, 2023, which define accounting line items of Cosif.
   

4.                     Finally, art. 5º of Law No. 13,874, of September 20, 2019, determines that proposals for issuance and amendment of normative acts of general interest of economic agents or users of services provided, issued by an agency or entity of the federal public administration, including autarchies and public foundations, will be preceded by the realization of a regulatory impact analysis (RIA). However, as provided by art. 4º of Decree No. 10,411, of June 30, 2020, which regulates this Law, the RIA may be waived in the case of a normative act that:
   

I - disciplines rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives (item II), applicable to the amendments promoted by articles 6º, 7º and 8º;

II - aims to preserve liquidity, solvency or soundness of the financial market (item V), applicable to the amendments promoted by articles 3º and 10; and

III - aims at updating or revoking norms considered obsolete, without alteration of merit (item IV), applicable to the remaining articles.

5.                     Thus, in view of this provision, the normative instruction now proposed is exempt from the preparation of an RIA.
   
                        For your consideration.
   

UVERLAN RODRIGUES PRIMO

Deputy Head

Agreed.

MARDILSON FERNANDES QUEIROZ

Head of Department