Normative Instruction BCB No. 674 of October 10, 2025

Resolution No. 222

NORMATIVE INSTRUCTION BCB NO. 674, OF OCTOBER 10, 2025

Amends
Normative Instruction BCB No. 428, of December 1, 2023, which defines the accounting items of the Active Compensation group 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 authority granted to 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 S:

Art. 1º The following accounting items are included in Annex IV 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
3.8.1.20.60.15-6	Gross Book Value – Free Resources	-	Record the book value, before the establishment of the loss provision, of rural credit operations contracted in accordance with art. 3 of Provisional Measure No. 1,314, of 2025, for the settlement or amortization of debts of rural producers affected by adverse events.
3.8.1.20.60.95-0	(-) Expected Losses – Free Resources	-	Record the loss provision in rural credit operations contracted in accordance with art. 3 of Provisional Measure No. 1,314, of 2025.

Art. 2º The following accounting items are amended in Annex IV of Normative Instruction BCB No. 428, of 2023:

Account Code	Account Name	Estban	Function
3.8.1.20.60.10-1	Gross Book Value – National Treasury Resources	-	Record the book value, before the establishment of the loss provision, of rural credit operations contracted in accordance with art. 2 of Provisional Measure No. 1,314, of 2025, for the settlement or amortization of debts of rural producers affected by adverse events.
3.8.1.20.60.90-5	(-) Expected Losses – National Treasury Resources	-	Record the loss provision in rural credit operations contracted in accordance with art. 2 of Provisional Measure No. 1,314, of 2025.

Art. 3º The provisions of this Normative Instruction apply to accounting documents prepared from the reference date of October 2025.

Sole Paragraph. From the reference date mentioned in the caput, any accounting balances recorded in other accounting items must be reclassified to the appropriate accounting items created by this Normative Instruction.

Art. 4º This Normative Instruction enters into force on the date of its publication.

MARDILSON
FERNANDES QUEIROZ

NOTE 648/2025
– BCB/DENOR, OF OCTOBER 10, 2025

Supports the proposal for the issuance of a normative instruction that amends Normative Instruction BCB No. 428, of December 1, 2023, which defines the accounting items of the Active Compensation group in the list of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Dear Head of Denor,

1. The present Note supports the proposal for the issuance of a normative instruction that amends accounting items of the Active Compensation group in the list of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), in accordance with the competence of the Financial System Regulation Department (Denor), using the authority granted in 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 Provisional Measure No. 1,314, of September 5, 2025, accounts were created in Cosif to control rural credit operations contracted under the auspices of this Provisional Measure for the settlement or amortization of debts of rural producers affected by adverse events. However, in order to improve the monitoring process of responsibility of the units linked to the Director of Supervision and the Director of Regulation, it will be necessary to make adjustments to these accounts, in order to allow the separate recording of the two types of credit lines provided for in the aforementioned Provisional Measure. Thus, I propose to amend Normative Instruction BCB No. 428, of December 1, 2023, which defines the accounting items of the Active Compensation group of Cosif.

3. Finally, art. 5 of Law No. 13,874, of September 20, 2019, determines that proposals for the issuance and alteration of normative acts of general interest of economic agents or users of services provided, issued by an entity of the federal public administration, including autarchies and public foundations, will be preceded by the realization of a regulatory impact analysis (RIA).

4. However, as provided in art. 4, item II, 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 disciplines rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. In this way, in light of this provision, I understand that 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
Department Head