RegAlert2023-12-19 | Resolução BCB 364Added
BCB Resolution No. 364 — Regulates contracting for the direct and indirect management of the country's international reserves
BCB Resolution No. 364 establishes the rules and procedures for the direct and indirect management of Brazil's international reserves by the Central Bank of Brazil, excluding the application of the general public procurement law (Law No. 14,133/2021) while ensuring adherence to constitutional principles. It defines the operational framework for financial market operations and the procurement of connected or accessory services, mandating that the Department of International Reserves (Depin) acts as the contracting unit. The resolution sets specific limits for indirect reserve management at 10% of total reserves, outlines selection criteria for counterparties and service providers, and permits the use of international master agreements and foreign law arbitration clauses to ensure efficient and secure reserve administration.
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BCB RESOLUTION NO. 364, OF DECEMBER 19, 2023
Regulates contracting related to the direct and indirect management of the country's international reserves, including those for services connected or accessory to this activity, in compliance with the provisions of § 5 of art. 1 of Law No. 14,133, of April 1, 2021.
The Collegiate Board of the Central Bank of Brazil, in a session held on December 19, 2023, based on art. 11, items III, letter “a”, and V, letter “u”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, having in view the provisions of arts. 21, item VIII, and 37 of the Federal Constitution, art. 10, item VIII, of Law No. 4.595, of December 31, 1964, art. 1, § 5, of Law No. 14,133, of April 1, 2021, and Vote 194/2023–BCB, of December 19, 2023,
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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
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