On Dec. 20, 2024, BRZ CB issued Instruction 573 to set dates for filing first Recovery and organized exit plan (PRSO) on Jul 31, 2025 and Dec. 31, 2025, as indicated.
Instruction 573 comes into force on Jan. 1, 2025.
On Nov. 28, BRZ CB established the planning process for institutions.
BRZ CB published Resolutions 5.187 and 440 to regulate the recovery and resolution planning process of financial institutions and other institutions authorized by BRZ CB.
Resolution 5.187
Established planning process for the recovery and resolution of financial institutions.
Aims to maintain the solidity, stability and regular functioning of the National Financial System (SFN), the Brazilian Payment System (SPB), as well as the real economy.
Detailed main concepts and obligations of institutions to implement the process.
Resolution 440
Established elements and requirements for Recovery and Organized Exit Plan (PRSO).
Document dedicated to recording the analyses, diagnoses, and the planning results.
Also, established recovery and resolution planning process for payment institutions.
BRZ CB may request any data and information covered by this Resolution, as needed.
Documentation must be at disposal of CB for 5 years from the PRSO submission date.
The PRSO must be prepared according to models, biennially, with Dec 31 as a base date; and sent to CB by Jul. 31 of the year following the year of reference base date.
Updated whenever there are conditions and circumstances changed; and revised.
Revocation
Resolution 5.187 revoked Resolutions 4.502 of Jun. 2016, and 4.704, of Dec. 2018.
Effectiveness
Article 14, paragraphs 1 and 2, for contracts signed before the date of publication of Resolution 5.187 shall come into force on Jan. 1, 2028.
Finally, Resolution 440 shall come into force on Jan. 1, 2025
Dec. 2024 BRZ CB Filing Deadlines
On Dec. 20, 2024, BRZ CB issued Instruction 573 to set dates for filing first Recovery and organized exit plan (PRSO) on Jul 31, 2025 and Dec. 31, 2025, as indicated.
Instruction 573 comes into force on Jan. 1, 2025.
Regulators
BRZ CB
Entity Types
B/D; Bank; IA; Inv Co
Reference
Ins 573, 12/20/2024; PR, Res 5.187, Res 440, 11/28/2024
