BCB Resolution No. 362 — Amending BCB Resolution No. 285 of January 19, 2023, Regarding the Constitution and Operation of Consortium Groups

This resolution amends BCB Resolution No. 285/2023 to regulate consortium group operations, specifically mandating the use of winning bids for partial amortization and establishing rules for adjusting installments when contract goods or services change price or are substituted. It requires administrators to restore the purchasing power of the common fund lost due to price increases through a defined hierarchy of resources, including financial earnings, reserve funds, or pro-rata charges to active members. The text also defines exclusion criteria, limits on rescission fines for excluded members, and the handling of credits for excluded but awarded members, while introducing new individual statement requirements and a transition period for existing groups.

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BCB RESOLUTION NO. 362, OF DECEMBER 14, 2023

Amends BCB Resolution No. 285, of January 19, 2023, which provides for the constitution and operation of consortium groups.

The Collegiate Board of the Central Bank of Brazil, in a session held on December 14, 2023,

Based on Arts. 6, 7, 15, and 26 of Law No. 11,795, of October 8, 2008,

RESOLVES:

Art. 1. BCB Resolution No. 285, of January 19, 2023, shall enter into force with the following alterations:

"Art. 12. ...........................................................................................................

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This document amends: BCB Resolution No. 285 — Provisions on the Constitution and Operation of Consortium Groups

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works