BRZ CB issued eight normative instructions defining the accounting items of specific asset groups of the list of accounts of the accounting standard of institutions (Cosif).
They are Instructions 426, 427, 428, 429, 430, 431, 432, and 433 for effect in 2025.
Overview of Instructions
For use by financial institutions/other institutions authorized to operate by the BRZ CB.
Sets out group segregations into subgroups and lists specific reporting requirements.
Affiliated, controlled or controlling companies are considered linked companies.
Accounting items must be balanced and present a zero balance in balance sheets.
Applies to accounting documents prepared from the base date of Jan. 2025.
Normative Instructions
Ins 426 defines accounting items of the realizable assets group of the list of accounts.
Starting from Jan. 1, 2025, the accounting balances of the realizable assets must be reclassified to the appropriate accounting items created by this Normative Instruction.
Permanent asset group accounting items in the list of accounts defined in Ins 427.
Active clearing group accounting items of the list of accounts defined in Ins 428.
Ins 429 defines accounting items of the required liabilities group of the list of accounts.
Accounting items of the net equity group in the list of accounts is defined in Ins 430.
The accounting items of the creditor result group of the list of accounts in Ins 431.
Ins 432 defines the accounting items of the debtor result group of the list of accounts.
Accounting items of passive compensation group of list of accounts defined in Ins 433.
Starting from Jan. 1, 2025, the accounting balances relating to the information referred to in art. 2nd must be reclassified to the appropriate accounting items.
Revoked Instructions
Normative Instructions 268, 269, 271, 272, 273, 275 and 315 are revoked.
Effectiveness
These eight Normative Instructions come into force on Jan. 1, 2025.
Dec. 20, 2023 BRZ CB Adjustments
On Dec. 20, 2023, BRZ CB issued Instruction 442 to amend normative instructions 268, 270, 271, 273 and 275, all of Apr. 2022, and Instruction 315 of Oct. 2022.
Created accounting items for list of accounts of Accounting standard for institutions regulated by the Central Bank of Brazil (Cosif) for the registration of credit rights.
Credit rights arising from legal proceedings, as well as for financial liquidity lines.
Instruction 442 comes into force on Jan. 1, 2024.
Nov. 5, 2024 BRZ CB Amendments
On Nov. 5, 2024, BRZ CB issued Instructions 537, 538, 539, 540, 541, 542, and 543to amend Instructions 426, 428, 429, 430, 431, 432, and 433, of Nov. 5, 2024.
Created, excluded and amended accounting items for list of accounts of Accounting standard for institutions regulated by BRZ CB for the registration of credit rights.
Credit rights arising from legal proceedings, as well as for financial liquidity lines.
Instructions 537, 538, 539, 540, 541, 542, 543 come into force on Nov. 11, 2024.
Dec. 2024 BRZ CB Adjustments
On Dec. 16, 2024, BRZ CB issued Instruction 565 to adjust accounting items of the passive compensation group of the list of accounts of the accounting standard Cosif.
Amends Instruction 433 of Dec.r 1, 2023; Ins 565enters into force on Jan. 1, 2025.
Regulators
BRZ CB
Entity Types
Auditor; B/D; Bank; Inv Co
Reference
Ins 565, 12/16/2024; Ins 537, Ins 538, Ins 539, Ins 540, Ins 541, Ins 542, Ins 543, 11/5/2024; Ins 442, 12/20/2023; Ins 426, Ins 427, Ins 428, Ins 429, Ins 430, Ins 431, Ins 432, Ins 433, 12/1/2023; Rpl, Ins 268; Ins 269; Ins 271; Ins 272; Ins 273; Ins 275; Ins 315
