Brazilian Central Bank consolidates the general criteria for the elaboration, disclosure and referral of financial statements (Resolution nº 2/2020)

On 12 August 2020, the Central Bank published Resolution nº 2/2020 which will enter into force on 1 January 2021 and which strengthens the general criteria for the elaboration and disclosure of individual financial statements and those consolidated by consortium administrators and payment institutions. It also reinforces the proceedings for the elaboration, disclosure and sending of financial statements which should be observed by financial institutions and other institutions authorized to function by BACEN. This Resolution does not apply to non-profit associations and civil entities.

This content is available only in Portuguese. Find out the more relevant points brought by this Resolution here.