Resolution BCB No. 452, of January 21, 2025

Amends Resolutions BCB No. 229 of May 12, 2022, and 437 of November 28, 2024, and Circular No. 3,748 of February 27, 2015.

The Collegiate Board of the Central Bank of Brazil, in session held on January 21, 2025, based on the provisions of arts. 9, 10, caput, item IX, and 11, caput, item VII, of Law No. 4,595, of December 31, 1964, art. 9-A of Law No. 4,728, of July 14, 1965, and arts. 9, caput, item II, and 15 of Law No. 12,865, of October 9, 2013, and having regard to the provisions of art. 3, § 2, of CMN Resolution No. 4,958, of October 21, 2021, art. 1 of Resolution No. 4,615, of November 30, 2017, arts. 3, caput, items III and VIII, and 14 of Resolution No. 4,282, of November 4, 2013, art. 3, caput, § 2, of BCB Resolution No. 200, of March 11, 2022, art. 4 of CMN Resolution No. 5,105, of September 28, 2023, art. 11, caput, item II, and sole paragraph, of Resolution No. 4,606, of October 19, 2017, art. 9, caput, item II, of BCB Resolution No. 201, of March 11, 2022, and art. 6, caput, item II, of BCB Resolution No. 198, of March 11, 2022,

RESOLVES:

Article 1

Resolution BCB No. 229, of May 12, 2022, published in the Official Gazette of the Union on May 16, 2022 and rectified on September 2, 2022, shall now be in force with the following amendments:

“Article 4 .....................................................................................................................

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X – good or right delivered or made available by the institution to a third party, when its restitution is conditioned on the compliance of that third party or any other party, without prejudice to the provisions of item I;

XI – any asset, including investment fund share, that the institution has assumed the commitment to acquire; and

XII – the absolute value of the negative adjustment recorded in equity referred to in art. 4, caput, item I, sub‑item “i”, of CMN Resolution No. 4,955, of October 21, 2021, and art. 3, caput, item I, sub‑item “i”, of BCB Resolution No. 199, of March 11, 2022, as applicable.

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

“Article 21‑A. The value of the exposure mentioned in art. 4, caput, item XII, must correspond to the value established by art. 4, caput, item I, sub‑item “i”, and §§ 8 and 9, of CMN Resolution No. 4,955, of October 21, 2021, and by art. 3, caput, item I, sub‑item “i”, and §§ 8 and 9, of BCB Resolution No. 199, of March 11, 2022, as applicable.” (NR)

“Article 82‑A. A risk weight (FPR) of 100% (one hundred percent) shall be applied to the exposure relating to the absolute value of the negative adjustment recorded in equity, referred to in art. 4, caput, item XII.” (NR)

Article 2

Resolution BCB No. 437, of November 28, 2024, published in the Official Gazette of the Union on December 2, 2024, shall now be in force with the following amendments:

“Article 4 .....................................................................................................................

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III – credit commitment;

IV – contracted credit to be released; or

V – the absolute value of the negative adjustment recorded in equity referred to in art. 8, caput, item I, sub‑item “g”, and §§ 3 and 4, of Resolution No. 4,606, of October 19, 2017, art. 3, caput, item I, sub‑item “g”, and §§ 3 and 4, of BCB Resolution No. 198, of March 11, 2022, and art. 7, caput, item I, sub‑item “g”, and §§ 3 and 4, of BCB Resolution No. 201, of March 11, 2022, as applicable.

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

“Article 9 .....................................................................................................................

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II – ......................................................................................................................

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b) credit commitments and financing promises in the SFH (Housing Finance System) committed, but not yet formalized, referred to in art. 4, caput, item III;

c) credit amounts to be released and financing installments to be released carried out in the SFH, referred to in art. 4, caput, item IV; and

d) absolute value of the negative adjustment recorded in equity referred to in art. 4, caput, item V.

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§ 5 – The balance of the accounting item relating to the element referred to in item II, sub‑item “d”, of the caput must be multiplied by 133.33% (one hundred thirty‑three and thirty‑three hundredths percent).” (NR)

Article 3 The Circular No. 3,748, of February 27, 2015, published in the Official Gazette of the Union on March 3, 2015 and rectified on March 4, 2015, shall now be in force with the following amendments:

~~“Article 5 .....................................................................................................................

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VI – credit to be released;

VII – the provision of guarantee, surety, co‑obligation or any other type of personal guarantee for the fulfillment of a third‑party financial obligation; and

VIII – the absolute value of the negative adjustment recorded in equity referred to in art. 4, caput, item I, sub‑item “i”, of CMN Resolution No. 4,955, of October 21, 2021.

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~~“Subsection IV

Of the Other Exposures Not Recorded in the Balance Sheet

Article 22‑A. The value of the exposure mentioned in art. 5, caput, item VIII, must correspond to the value established by art. 4, caput, item I, sub‑item “i”, and §§ 8 and 9, of CMN Resolution No. 4,955, of October 21, 2021.” (NR)~~

Article 3 (Revoked, effective from July 1, 2026, by Resolution BCB No. 478, of May 30, 2025.)

Article 4 This Resolution enters into force on January 31, 2025.

GILNEU FRANCISCO ASTOLFI VIVAN
Director of Regulation