BRZ CB Chart of Accounts Updates


On Jan. 4, BRZ CB issued instructions re accounting standards update.


  • BRZ CB issued Instruction 447 to create accounting items for the list of accounts of the accounting standard (Cosif) for firms regulated by BRZ CB; amended Ins 268/2022.
  • List of Accounts Highlights
  • Instruction 447 amended Instruction 268 re accounting items for realizable assets.
  • Chart of accounts of Cosif updated in 2023 to allow accounting disclosure and monitor of exposures from legal actions against BRZ, States, federal district and municipalities.
  • Ins 447 rectified numerical code of some accounting items and reorders some sections
  • Effectiveness
  • Normative Instruction 447 came into force as of the date of its publication.
  • This applies to accounting documents prepared from the base date of Jan. 2024.
  • Mar. 2024 BRZ CB Items Adjustments
  • On Mar. 26, 2024, BRZ CB issued Instruction 459 to create, change accounting items in list of accounts of Accounting Standard of Institutions Regulated by BRZ CB (Cosif).
  • Instruction 459 comes into force on May 1, 2024.

Regulators BRZ CB
Entity Types B/D; Bank; IA; Inv Co
Reference Ins 459, 3/26/2024; Ins 447, 1/4/2024
Functions Accounting; Financial; Operations; Reporting; Risk; Treasury
Countries Brazil
Category
State
Products Banking; Deposits; Forex; Fund Mgt; Payments
Regions Am
Rule Type Final
Rule Date 1/4/2024
Effective Date 5/1/2024
Rule Id 197070
Linked to N/A
Reg. Last Update 3/26/2024
Report Section International

Last substantive update on 03/28/2024