The Brazilian Pension Funds Authority (PREVIC) issued Ordinance PREVIC No. 1071/2025 amending the accounting annexes to PREVIC Resolution 23/2023, with effect from January 2026, to improve transparency in the reporting of changes in entities’ assets and better reflect events affecting their equity. The changes update Annex I (standard chart of accounts), Annex II (function and operation of accounts) and Annex III (models of financial statements). PREVIC framed the revisions as aligning reporting with guidance from other regulators and current accounting practices, addressing sector requests for more detailed and higher-quality accounting information, and supporting more uniform records and greater comparability. The ordinance also sets out how existing accounts and balances should be handled under the new chart of accounts, referencing relevant developments affecting funding, the Administrative Management Plan (PGA) and investments. Ordinance PREVIC No. 258/2025 will be revoked from 1 January 2026 and its accounting annexes will be replaced by those introduced under Ordinance PREVIC No. 1071/2025.

Original source View in tracker