Normative Instruction BCB No. 687 — Amends Normative Instructions BCB Nos. 426, 428, 429, 431, 432 and 433, all of December 1, 2023, which define accounting items of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif)

Resolution No. 222

NORMATIVE INSTRUCTION
BCB No. 687, OF DECEMBER 9, 2025

Amends Normative Instructions BCB Nos. 426, 428, 429, 431, 432 and 433, all of December 1, 2023, which define accounting items of the account list of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

The Chief of the Department of Regulation of the Financial System (Denor), substitute, in the 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 Resolution CMN No. 4,858, of October 23, 2020, and 10 of Resolution BCB No. 92, of May 6, 2021,

R E S O L V E S:

Art. 1º The following accounting item is amended 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:

Account Code	Account Name	Estban	Function
1.3.6.16.00.00-7	SECURITIES GIVEN AS COLLATERAL IN PAYMENT ARRANGEMENT	130	Record the value of securities and financial assets given as collateral for the institution's participation in a payment arrangement. This item must contain internal-use sub-items that allow identification of the payment arrangement to which the collateral is linked.

Art. 2º The following accounting items are included in Annex IV of Normative Instruction BCB No. 426, of 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
1.4.8.00.00.00-7	(+/-) Fair Value Hedge Adjustment	-
1.4.8.30.00.00-4	(+/-) INTERFINANCIAL TRANSFERS	158	Record the gain or loss in fair value, due to variations in the protected risk, of interfinancial transfers subject to fair value hedge.
1.4.8.90.00.00-8	(+/-) OTHERS	158	Record the gain or loss in fair value, due to variations in the protected risk, of other interfinancial relationships subject to fair value hedge.

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

Account Code	Account Name	Estban	Function
1.6.5.20.45.00-3	Margin Account Financing for Acquisition of Virtual Assets	-
1.6.5.20.45.10-6	Contractual Balance	-
1.6.5.20.45.11-3	(+/-) Transaction Costs and Revenues Included in TJEO	-
1.6.5.20.45.12-0	(-) Deferred Revenues - Differentiated TJEO	-
1.6.5.20.45.13-7	Deferred Transaction Costs - Differentiated TJEO	-
1.6.5.20.45.14-4	(+/-) Premium or Discount	-
1.6.5.20.45.15-1	(+/-) Present Value Adjustment - Restructured Operations	-
1.6.5.20.45.40-5	(-) Incurred Loss Associated with Credit Risk	-
1.6.5.20.45.50-8	(-) Additional Provision	-
1.6.5.20.45.60-1	(-) Expected Loss Associated with Credit Risk	-
1.6.5.20.45.70-4	(+/-) Fair Value Hedge Adjustment	-
1.6.5.20.45.80-7	(+/-) Fair Value Adjustment	-

Art. 4º The following accounting items are amended in Annex VI of Normative Instruction BCB No. 426, of 2023:

Account Code	Account Name	Estban	Function
1.6.5.00.00.00-2	Financing of Securities, Financial Assets and Virtual Assets	-
1.6.5.20.00.00-0	MARGIN ACCOUNT FINANCING	171	Record operations carried out under the financing modality intended for the acquisition of financial assets and virtual assets.
1.6.5.20.01.00-9	Margin Account Financing for Acquisition of Financial Assets	-

Art. 5º The following accounting 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
1.8.4.10.10.00-7	Own Operations	-	Record the values related to own operations carried out on the stock exchange, as well as the corresponding settlements.
1.8.4.10.15.00-2	Client Operations	-	Record the values related to client operations of the institution carried out on the stock exchange, as well as the corresponding settlements.
1.8.4.10.20.00-4	Financial Institution Operations	-	Record the values related to operations carried out on the stock exchange, as well as the corresponding settlements, in the name of financial institutions and other institutions authorized by the Central Bank of Brazil not acting as clearing members before the stock exchange, including when carried out for the clients of these institutions.
1.8.4.40.10.00-4	Own Operations	-	Record the values related to own operations carried out with commodities and financial assets on commodity and futures exchanges, as well as the corresponding settlements.
1.8.4.40.15.00-9	Client Operations	-	Record the values related to client operations of the institution carried out with commodities and financial assets on commodity and futures exchanges, as well as the corresponding settlements.
1.8.4.40.20.00-1	Financial Institution Operations	-	Record the values related to operations carried out with commodities and financial assets on commodity and futures exchanges, as well as the corresponding settlements, in the name of financial institutions and other institutions authorized by the Central Bank of Brazil not acting as clearing members before the stock exchange, including when carried out for the clients of these institutions.
1.8.4.45.00.00-2	OPERATIONS WITH VIRTUAL ASSETS	172	Record the amounts receivable in negotiation and intermediation operations of virtual assets, for own account and for clients.
1.8.4.45.10.00-9	Own Operations	-	Record the amounts receivable in negotiation and intermediation operations of virtual assets, for own account.
1.8.4.45.15.00-4	Client Operations	-	Record the amounts receivable in negotiation and intermediation operations of virtual assets, for clients' account.
1.8.4.45.20.00-6	Financial Institution Operations	-	Record the amounts receivable in negotiation and intermediation operations of virtual assets, in the name of financial institutions and other institutions authorized by the Central Bank of Brazil.

Art. 6º The following accounting item is amended in Annex VIII of Normative Instruction BCB No. 426, of 2023:

Account Code	Account Name	Estban	Function
1.8.8.81.00.00-4	AMOUNTS RECEIVABLE IN SUBSIDIZED OR SUBVENTIONED OPERATIONS	172	Record the amounts receivable from the entity responsible for the subsidy or subvention in credit operations or with characteristics of subsidized or subvented credit concession.

Art. 7º The following accounting items are included in Annex IX of Normative Instruction BCB No. 426, of 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
1.9.8.90.45.00-6	Virtual Assets	-
1.9.9.10.10.00-5	Prepaid Expenses	-	Record advance payments prior to the use of services or receipt of products.
1.9.9.10.20.00-2	Contract Costs with Customer	-	Record contract costs with customer that are, in accordance with current regulation: I – incremental directly linked to obtaining the contract or II – directly linked to fulfilling the contract.

Art. 8º The following accounting item is amended in Annex IX of Normative Instruction BCB No. 426, of 2023:

Account Code	Account Name	Estban	Function
1.9.9.10.00.00-8	EXPENSES AND COSTS PAID IN ADVANCE	190	Record the application of resources in advance payments, from which benefits or provision of services will result for the institution, in subsequent periods.

Art. 9º The following accounting item is excluded from Annex IX of Normative Instruction BCB No. 426, of 2023:

Account Code	Account Name	Estban	Function
1.9.8.20.00.00-0	MERCHANDISE – OWN ACCOUNT	190	Record the value of merchandise purchases in the physical market, except gold, on commodity and futures exchanges.

Art. 10. The following accounting 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:

Account Code	Account Name	Estban	Function
3.0.4.20.10.00-0	Securities and Financial Assets	-
3.0.4.20.20.00-7	Virtual Assets	-
3.0.4.45.00.00-6	CUSTODY OF VIRTUAL ASSETS	-	Record the values related to third-party virtual assets held in custody, in counterpart to item 9.0.4.45.00.00-0 CUSTODY OF VIRTUAL ASSETS - CONTROL.
3.0.4.46.00.00-9	VIRTUAL ASSETS LINKED TO STAKING OPERATIONS	-	Record the values related to virtual assets linked to staking operations on decentralized ledger networks (DLTs), in counterpart to item 9.0.4.46.00.00-3 VIRTUAL ASSETS LINKED TO STAKING OPERATIONS - CONTROL.
3.0.4.46.10.00-6	Own Virtual Assets	-	Record the institution's own virtual assets linked to staking operations.
3.0.4.46.15.00-1	Client Virtual Assets	-	Record the virtual assets owned by clients linked to staking operations.
3.0.4.46.20.00-3	Financial Institution Virtual Assets	-	Record the virtual assets owned by financial institutions and other institutions authorized by the Central Bank of Brazil linked to staking operations.
3.0.4.47.00.00-2	VIRTUAL ASSETS - CLASSIFICATION BY CATEGORY	-	Record the values related to own virtual assets, in counterpart to account 9.0.4.47.00.00-6 VIRTUAL ASSETS - CLASSIFICATION BY CATEGORY - CONTROL.
3.0.4.47.10.00-9	Virtual Assets	-	Record the values related to own virtual assets, for which there is no specific account.
3.0.4.47.20.00-6	Stablecoins	-	Record the values related to virtual assets backed by reserve assets created with the purpose of maintaining their value linked to the value of a reference fiat currency.
3.0.4.60.05.00-4	Cash	-
3.0.4.60.10.00-6	Securities and Financial Assets	-
3.0.4.60.20.00-3	Virtual Assets	-
3.0.6.15.00.00-3	LOAN OF THIRD-PARTY FINANCIAL ASSETS FOR SALE	-	Record third-party financial assets linked to loan operations, in accordance with current regulation, in counterpart to item 9.0.6.15.00.00-7 LOAN OF THIRD-PARTY FINANCIAL ASSETS FOR SALE - CONTROL.
3.0.8.31.00.00-3	ADMINISTRATION OF THIRD-PARTY SECURITIES AND FINANCIAL ASSETS	-	Record the portfolios of securities and financial assets under the administration of the institution, in counterpart to item 9.0.8.31.00.00-7 LIABILITY FOR ADMINISTRATION OF THIRD-PARTY SECURITIES AND FINANCIAL ASSETS.
3.0.9.77.00.00-4	COLLATERAL IN PAYMENT ARRANGEMENTS	-	Record the value of collateral for the institution's participation in payment arrangements, in counterpart to item 9.0.9.77.00.00-8 COLLATERAL IN PAYMENT ARRANGEMENTS – CONTROL.
3.0.9.77.10.00-1	Own Assets Offered as Collateral in Payment Arrangements	-	Record the value of the institution's own assets that are offered as collateral for participation in a payment arrangement. This item must contain internal-use sub-items that allow identification of the payment arrangement to which the collateral is linked.
3.0.9.77.10.10-4	Cash and Cash Equivalents	-
3.0.9.77.10.20-7	Cash in Foreign Currency	-
3.0.9.77.10.30-0	Investments in Foreign Currency	-
3.0.9.77.10.40-3	Securities and Financial Assets	-
3.0.9.77.10.50-6	Amounts Receivable from End Users	-
3.0.9.77.10.60-9	Amounts Receivable from Financial Institutions and Other Authorized Entities	-
3.0.9.77.10.99-1	Other Assets	-
3.0.9.77.20.00-8	Collateral Received from Third Parties Offered as Collateral in Payment Arrangements	-	Record the value of collateral received from third parties, linked or not, and offered as collateral for the institution's participation in a payment arrangement. This item must contain internal-use sub-items that allow identification of the payment arrangement to which the collateral is linked.
3.0.9.77.20.10-1	Letter of Credit	-
3.0.9.77.20.20-4	Guarantee Bond	-
3.0.9.77.20.99-8	Other Guarantees	-

Art. 11. The following accounting items are amended in Annex I of Normative Instruction BCB No. 428, of 2023:

Account Code	Account Name	Estban	Function
3.0.4.20.00.00-3	CUSTODIANS OF MARGIN ACCOUNT COLLATERAL	-	Record the value of securities, financial assets and virtual assets offered as collateral by borrowers of margin financing and stock and virtual asset loans in margin account operations that remain in the possession of third parties, as depositaries, in counterpart to item 9.0.4.50.00.-4 MARGIN ACCOUNT LOANS SECURED or to item 9.0.4.60.00.-3 MARGIN ACCOUNT FINANCING SECURED.
3.0.4.60.00.00-9	MARGIN ACCOUNT FINANCING COLLATERAL	-	Record the value of collateral offered by borrowers for the purchase of stocks or virtual assets in margin account operations, whether these collaterals are in securities, financial assets, cash or virtual assets, that remain in the possession of the company, in counterpart to item 9.0.4.60.00.00-3 MARGIN ACCOUNT FINANCING SECURED.

Art. 12. The following accounting items are included in Annex II of Normative Instruction BCB No. 428, of 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
3.2.1.10.18.40-0	Credit from Sale on Terms of Non-Financial Assets	-
3.2.1.10.18.50-3	Acquired Credit Rights	-
3.2.1.30.18.40-8	Credit from Sale on Terms of Non-Financial Assets	-
3.2.1.30.18.50-1	Acquired Credit Rights	-
3.2.4.00.00.00-1	Fair Value of Financial Assets Classified in the Amortized Cost Category	-
3.2.4.20.00.00-9	INTERFINANCIAL LIQUIDITY INVESTMENTS	-	Record the fair value of interfinancial liquidity investments classified in the amortized cost category.
3.2.4.20.10.00-6	Investments in Repo Operations	-
3.2.4.20.10.10-9	Fair Value Level 1	-
3.2.4.20.10.20-2	Fair Value Level 2	-
3.2.4.20.10.30-5	Fair Value Level 3	-
3.2.4.20.20.00-3	Investments in Interfinancial Deposits	-
3.2.4.20.20.10-6	Fair Value Level 1	-
3.2.4.20.20.20-9	Fair Value Level 2	-
3.2.4.20.20.30-2	Fair Value Level 3	-
3.2.4.20.95.00-7	Other Interfinancial Liquidity Investments	-
3.2.4.20.95.10-0	Fair Value Level 1	-
3.2.4.20.95.20-3	Fair Value Level 2	-
3.2.4.20.95.30-6	Fair Value Level 3	-
3.2.4.30.00.00-8	SECURITIES AND FINANCIAL ASSETS	-	Record the fair value of securities and financial assets classified in the amortized cost category.
3.2.4.30.10.00-5	Federal Public Securities	-
3.2.4.30.10.10-8	Fair Value Level 1	-
3.2.4.30.10.20-1	Fair Value Level 2	-
3.2.4.30.10.30-4	Fair Value Level 3	-
3.2.4.30.20.00-2	Private Securities	-
3.2.4.30.20.10-5	Fair Value Level 1	-
3.2.4.30.20.20-8	Fair Value Level 2	-
3.2.4.30.20.30-1	Fair Value Level 3	-

Art. 13. The following accounting item is amended in Annex II of Normative Instruction BCB No. 428, of 2023:

Account Code	Account Name	Estban	Function
3.2.6.50.00.00-0	FINANCING OF SECURITIES, FINANCIAL ASSETS AND VIRTUAL ASSETS	-	Record, at net book value, the portion of the Credit Operations portfolio applied in Financing of Securities, Financial Assets and Virtual Assets.

Art. 14. The following accounting items are included in Annex III of Normative Instruction BCB No. 428, of 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
3.3.1.10.18.40-3	Credit from Sale on Terms of Non-Financial Assets	-
3.3.1.10.18.50-6	Acquired Credit Rights	-
3.3.1.20.18.40-2	Credit from Sale on Terms of Non-Financial Assets	-
3.3.1.20.18.50-5	Acquired Credit Rights	-
3.3.1.30.18.40-1	Credit from Sale on Terms of Non-Financial Assets	-
3.3.1.30.18.50-4	Acquired Credit Rights	-
3.3.1.40.18.40-0	Credit from Sale on Terms of Non-Financial Assets	-
3.3.1.40.18.50-3	Acquired Credit Rights	-
3.3.1.50.18.40-9	Credit from Sale on Terms of Non-Financial Assets	-
3.3.1.50.18.50-2	Acquired Credit Rights	-

Art. 15. The following accounting items are included 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, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
4.9.5.10.10.00-4	Own Operations	-	Record the values related to own operations carried out on the stock exchange, as well as the corresponding settlements.
4.9.5.10.15.00-9	Client Operations	-	Record the values related to client operations of the institution carried out on the stock exchange, as well as the corresponding settlements.
4.9.5.10.20.00-1	Financial Institution Operations	-	Record the values related to operations carried out on the stock exchange, as well as the corresponding settlements, in the name of financial institutions and other institutions authorized by the Central Bank of Brazil not acting as clearing members before the stock exchange, including when carried out for the clients of these institutions.
4.9.5.40.10.00-1	Own Operations	-	Record the values related to own operations carried out with commodities and financial assets on commodity and futures exchanges, as well as the corresponding settlements.
4.9.5.40.15.00-6	Client Operations	-	Record the values related to client operations of the institution carried out with commodities and financial assets on commodity and futures exchanges, as well as the corresponding settlements.
4.9.5.40.20.00-8	Financial Institution Operations	-	Record the values related to operations carried out with commodities and financial assets on commodity and futures exchanges, as well as the corresponding settlements, in the name of financial institutions and other institutions authorized by the Central Bank of Brazil not acting as clearing members before the stock exchange, including when carried out for the clients of these institutions.
4.9.5.45.00.00-9	OPERATIONS WITH VIRTUAL ASSETS	500	Record the obligations arising from the negotiation or intermediation of own or third-party virtual assets.
4.9.5.45.10.00-6	Own Operations	-	Record the obligations arising from the negotiation or intermediation of own virtual assets.
4.9.5.45.15.00-1	Client Operations	-	Record the obligations arising from the negotiation or intermediation of client virtual assets.
4.9.5.45.20.00-3	Financial Institution Operations	-	Record the obligations arising from the negotiation or intermediation of virtual assets of financial institutions and other institutions authorized by the Central Bank of Brazil.
4.9.9.45.00.00-7	LIABILITY FOR USE OF THIRD-PARTY VIRTUAL ASSETS IN OWN OPERATIONS	500	Record the obligations arising from the use of third-party virtual assets in own operations.

Art. 16. The following accounting item is amended in Annex IX of Normative Instruction BCB No. 429, of 2023:

Account Code	Account Name	Estban	Function
4.9.9.01.00.00-9	LIABILITIES FOR PAYMENT TRANSACTIONS	500	Record the amounts payable to end users, relating to payment transactions, excluding amounts payable to end users of a payment arrangement when originated from a holder of a prepaid account, which must be recognized in sub-item 4.1.9.30.90.00-2 Other Balances Related to Prepaid Account.

Art. 17. The following accounting 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

Account Code	Account Name	Estban	Function
7.1.1.85.10.00-7	Securities	-
7.1.1.85.20.00-4	Virtual Assets	-
7.1.6.51.00.00-6	INCOME FROM ACQUIRED CREDIT RIGHTS	711	Record income from acquired credit rights.
7.1.7.04.00.00-7	REVENUE FROM VIRTUAL ASSET SERVICES	711	Record revenue from virtual asset services.
7.1.7.10.10.00-1	Administration Revenue	-
7.1.7.10.20.00-8	Management and Performance Revenue	-
7.1.7.10.30.00-5	Bookkeeping Revenue	-
7.1.7.10.40.00-2	Distribution Revenue	-
7.1.7.47.00.00-2	REVENUE FROM CERTIFICATE ISSUER AGENT SERVICES	711	Record revenue from certificate issuer agent services.
7.1.7.48.00.00-5	REVENUE FROM TRUSTEE AGENT SERVICES	711	Record revenue from trustee agent services.
7.1.7.51.00.00-3	FOREIGN EXCHANGE BROKERAGE REVENUE - INDIVIDUALS AND MEI	711	Record revenue from services charged to individuals and individual micro-entrepreneurs for foreign exchange operations.
7.1.7.61.00.00-2	EXCHANGE OPERATIONS BROKERAGE REVENUE - INDIVIDUALS AND MEI	711	Record revenue from services charged to individuals and individual micro-entrepreneurs for brokerage of exchange operations.
7.1.7.71.00.00-1	CUSTODY SERVICES REVENUE - INDIVIDUALS AND MEI	711	Record revenue from custody services charged to individuals and individual micro-entrepreneurs.
7.1.7.72.00.00-4	BOOKKEEPING OF SHARES AND OTHER SECURITIES	711	Record revenue from bookkeeping services for shares and other securities.
7.1.7.72.10.00-1	Shares	-
7.1.7.72.99.00-8	Other Securities	-
7.1.7.74.00.00-0	CREDIT ANALYSIS REVENUE FOR THIRD PARTIES	711	Record revenue from credit analysis services provided to third parties.
7.1.7.76.00.00-6	CORRESPONDENT SERVICES REVENUE	711	Record revenue from correspondent services provided by the institution.
7.1.7.78.00.00-2	DATA AGGREGATION REVENUE	711	Record revenue from data aggregation services shared within the scope of Open Finance provided by the institution.
7.1.7.79.00.00-5	DATA PROCESSING AND STORAGE REVENUE	711	Record revenue from data processing and storage services.
7.1.9.88.45.00-8	Virtual Assets	-

Art. 18. The following accounting rubrics are amended in Annex I of Normative Instruction BCB No. 431, of 2023:

Account Code	Account Name	Estban	Function
7.1.1.95.00.00-9	INTEREST RATE EQUALIZATION REVENUE	711	Record revenue from interest rate equalization resulting from subsidized or subsidized credit operations.
7.1.6.95.00.00-4	INTEREST RATE EQUALIZATION REVENUE	711	Record revenue from interest rate equalization resulting from other operations with credit characteristics that are subsidized or subsidized.
7.1.7.01.00.00-8	FEE REVENUE - INDIVIDUALS AND MEI	711	Record revenue from fees charged to individuals and individual micro-entrepreneurs, for which there is no specific account.
7.1.7.10.00.00-4	REVENUE FROM INVESTMENT FUND SERVICES	711	Record revenue from administration, management, performance, bookkeeping and distribution of investment fund quotas charged to legal entities.
7.1.7.30.00.00-2	CONSULTING, ASSISTANCE AND TECHNICAL AND FINANCIAL ADVISORY REVENUE	711	Record revenue from consulting, assistance and technical and financial advisory services.
7.1.7.40.00.00-1	COLLECTION REVENUE	711	Record revenue from fees, postage and commissions resulting from collection services, segregating those from own portfolio operations from those obtained in providing services to third parties.
7.1.7.45.00.00-6	COMMISSIONS ON SECURITIES AND VALUES REVENUE	711	Record revenue from fees and commissions for the provision of issuance, placement, subscription and distribution services for securities and values on behalf and order of third parties, for which there is no specific account.

Art. 19. The following accounting rubrics 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
8.1.9.04.00.00-0	VIRTUAL ASSET SERVICE EXPENSES	712	Record expenses incurred by the institution in the provision of virtual asset services.
8.1.9.88.45.00-7	(-) Virtual Assets	-

Art. 20. The following accounting rubrics are included in Annex I of Normative Instruction BCB No. 433, 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
9.0.4.45.00.00-0	CUSTODY OF VIRTUAL ASSETS - CONTROL	-	Record values related to third-party virtual assets in custody, in counterpart to title 3.0.4.45.00.00-6 CUSTODY OF VIRTUAL ASSETS.
9.0.4.46.00.00-3	VIRTUAL ASSETS LINKED TO STAKING OPERATIONS - CONTROL	-	Record values related to virtual assets linked to staking operations on decentralized ledger networks (DLTs), in counterpart to title 3.0.4.46.00.00-9 VIRTUAL ASSETS LINKED TO STAKING OPERATIONS - CONTROL.
9.0.4.47.00.00-6	VIRTUAL ASSETS - CLASSIFICATION BY CATEGORY - CONTROL	-	Record values related to the institution's own virtual assets, in counterpart to account 3.0.4.47.00.00-2 VIRTUAL ASSETS - CLASSIFICATION BY CATEGORY.
9.0.6.15.00.00-7	LOAN OF THIRD-PARTY FINANCIAL ASSETS FOR SALE - CONTROL	-	Record third-party financial assets linked to loan operations, in accordance with current regulation, in counterpart to title 3.0.6.15.00.00-3 LOAN OF THIRD-PARTY FINANCIAL ASSETS FOR SALE.
9.0.8.31.00.00-7	LIABILITY FOR ADMINISTRATION OF THIRD-PARTY SECURITIES AND VALUES	-	Record portfolios of securities and values under the institution's administration, in counterpart to title 3.0.8.31.00.00-3 ADMINISTRATION OF THIRD-PARTY SECURITIES AND VALUES.
9.0.9.77.00.00-8	GUARANTEES IN PAYMENT ARRANGEMENTS – CONTROL	-	Record the value of guarantees for the institution's participation in payment arrangements, in counterpart to title 3.0.9.77.00.00-4 GUARANTEES IN PAYMENT ARRANGEMENTS.

Art. 21. The following accounting rubric is amended in Annex I of Normative Instruction BCB No. 433, of 2023:

Account Code	Account Name	Estban	Function
9.0.4.60.00.00-3	FINANCING IN MARGIN ACCOUNT SECURED		Record the value of guarantees received by the society, offered by borrowers for financing for the purchase of shares or virtual assets in margin account operations, whether these guarantees are in titles, securities, money or virtual assets, in counterpart to titles 3.0.4.60.00.00-9 MARGIN ACCOUNT FINANCING GUARANTEES and 3.0.4.20.00.00-3 MARGIN ACCOUNT GUARANTEE DEPOSITORIES. The institution must adjust the balances of these accounts based on market value fluctuations of the recorded guarantees and due to margin calls met.

Art. 22. The following accounting rubrics are included in Annex II of Normative Instruction BCB No. 433, of 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
9.2.4.00.00.00-5	Fair Value of Financial Assets Classified in the Amortized Cost Category - Control	-
9.2.4.99.00.00-3	FAIR VALUE OF FINANCIAL ASSETS CLASSIFIED IN THE AMORTIZED COST CATEGORY - CONTROL	-	Record the fair value of financial assets classified in the amortized cost category, in counterpart to the titles of the breakdown of subgroup 3.2.4.00.00.00-1 Fair Value of Financial Assets Classified in the Amortized Cost Category.

Art. 23. The provisions of this Normative Instruction apply to accounting documents prepared from the February 2026 base date.

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

Art. 24. This Normative Instruction enters into force on February 1, 2026.

RENATO
KIYOTAKA UEMA

NOTE 796/2025 – BCB/DENOR, OF DECEMBER 9, 2025

Justifies proposal for issuance of normative instruction to amend Normative Instructions BCB Nos. 426, 428, 429, 431, 432 and 433, all of December 1, 2023, which define accounting rubrics of the accounting standard of institutions regulated by the Central Bank of Brazil (Cosif).

Dear Head of Denor,

1. This Note justifies a proposal for the issuance of a normative instruction that amends accounting rubrics 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 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. Starting from January 1, 2025, Normative Instructions BCB Nos. 426 to 433, of December 1, 2023, came into force, which consolidated the Cosif account list, 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.

3. Taking into account the entry into force of the new methodology for calculating the minimum limit of paid-in share capital and net worth, established by Joint Resolution No. 14 and BCB Resolution No. 517, both of November 3, 2025, it was necessary to alter the Cosif account list, in order to improve the control of activities practiced by institutions authorized to operate by this Central Bank. In addition, the need to create accounts to enable the bookkeeping of operations related to the provision of services involving virtual assets was verified, due to the publication of BCB Resolution No. 520, of November 10, 2025.

4. Furthermore, in order to improve the monitoring process promoted by units linked to the Director of Supervision, specific accounts are being created and altered for certain assets and liabilities that, due to their relevance, require monitoring and supervision by this Central Bank. Thus, it is necessary to adjust Normative Instructions BCB Nos. 426, 428, 429, 431 and 432, all of December 1, 2023, which define the accounting rubrics of Cosif.

5. 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 a federal public administration body or entity, including autarchies and public foundations, must be preceded by the realization of a regulatory impact analysis (RIA).

6. However, as provided by art. 4, items II, V, letter “b”, and VIII, of Decree No. 10.411, of June 30, 2020, which regulates this Law, the RIA may be dispensed with, provided there is a reasoned decision by the competent body or entity, in the cases of normative act that:

I - disciplines rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, if applicable to the changes made to enable the bookkeeping of operations related to the provision of services involving virtual assets;

II - aims to preserve liquidity, solvency or soundness of the financial market, if applicable to the changes necessary to monitor compliance with the minimum limit of paid-in share capital and net worth; and

III - aims at the update or revocation of norms considered obsolete, without change of merit, if applicable to the other articles.

7. Thus, in view of this provision, the normative instruction currently proposed is exempt from the preparation of an RIA.

For your consideration.

UVERLAN RODRIGUES PRIMO
Deputy Chief

Agreed.

RENATO KIYOTAKA UEMA
Department Head substitute