On Sep. 18, BRZ CB established the procedures for daily reporting.
BRZ CB issued Instruction 524 to set procedures for submitting daily info re accounting balances of active and passive nature and financial volume of payment transactions.
Highlights
Apply to financial institutions and other institutions authorized by BRZ CB to operate.
Those issuing electronic money, classified in Segment 5 (S5) or have no classification in a prudential segment, must forward only info referred to in item V of Articles 6, 7.
Info in Art. 1 must be sent using document code 4111, Daily Accounting Balances.
Layout, filling instructions, and other information are available on BRZ CB website.
Document in Art. 2 must be sent daily, until the 3rd business day after the base date.
Institutions listed in Art. 1 that do not present daily accounting balances and financial volume of payment transactions are exempt from submitting document code 4111.
Institutions listed in Art. 3 must name employee responsible of answering questions.
The indications must be registered and updated in the Unicad System, see #221983.
Revocation
Revokes Instruction 354 of Feb. 16, 2023, see #102466.
Effectiveness
Instruction 524 shall come into force on Jan. 1, 2025.
