Central Bank of Brazil Instruction Normative No. 727 of April 24, 2026

INSTRUCTION NORMATIVE
BCB NO. 727, OF APRIL 24, 2026

Amends
Instruction Normative BCB No. 282, of April 27, 2022, which establishes the models for documents No. 6 – Demonstration of Consortium Resources and No. 7 – Demonstration of the Variations in Group Availability of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

The Head of the Department of Financial System Regulation (Denor), in the exercise of the authority conferred upon him by Art. 23, item I, subsection "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on Art. 15, item I, of Resolution BCB No. 146, of September 28, 2021,

R E S O L V E S
:

Art. 1º Instruction Normative BCB No. 282, of April 27, 2022, published in the Official Gazette of the Union on April 28, 2022, shall enter into force with its Annexes I and II amended, as set forth in this Instruction Normative.

Art. 2º The provisions of this Instruction Normative apply to accounting documents prepared from the reference date of September 2026.

Art. 3º This Instruction Normative enters into force on July 1 of 2026.

MARDILSON FERNANDES
QUEIROZ

“ANNEX I
Document No. 6 - Demonstration of Consortium Resources

DEMONSTRATION
OF CONSORTIUM RESOURCES

Reference Date:
//___

Administrator:

CNPJ:

Values in R$ 1.00, including cents

DISCRIMINATION
CODES
VALUE

REALIZABLE ASSETS
1.0.0.00.00.00-9
AVAILABILITIES

1.1.0.00.00.00-2
Cash

1.1.1.00.00.00-9
CASH
1.1.1.90.00.00-0
Bank Deposits
1.1.2.00.00.00-6
BANK DEPOSITS
1.1.2.92.00.00-3
INTERBANK LIQUIDITY APPLICATIONS 1.2.0.00.00.00-5 Others 1.2.9.00.00.00-8 FINANCIAL APPLICATIONS 1.2.9.90.00.00-9 Group Availabilities 1.2.9.90.12.00-4 Linked to Awards - Selic 1.2.9.90.25.00-8 Linked to Awards - Other Applications 1.2.9.90.35.00-5 Resources of Groups in Formation 1.2.9.90.55.00-9 OTHER CREDITS 1.8.0.00.00.00-3 Specific Values 1.8.7.00.00.00-2 ADVANCES OF RESOURCES TO THIRD PARTIES 1.8.7.80.00.00-4 AMOUNTS TO BE RECEIVED – CASH BALANCE ADJUSTMENT 1.8.7.82.00.00-0 SEIZED OR RECOVERED ASSETS 1.8.7.88.00.00-8 RIGHTS FROM CREDITS IN THE PROCESS OF ELIGIBILITY 1.8.7.89.00.00-1 RIGHTS AMONG AWARDED CONSORTIUM MEMBERS 1.8.7.93.0000-2 Normal 1.8.7.93.05.00-7 Overdue 1.8.7.93.15.00-4 Judicial Collection – Ongoing Groups 1.8.7.93.20.00-6 CHECKS AND OTHER AMOUNTS TO BE RECEIVED 1.8.7.98.00.00-7 Miscellaneous 1.8.8.00.00.00-9 DEBTORS FOR DEPOSITS AS GUARANTEE 1.8.8.40.00.00-5 For Filing Civil Appeals 1.8.8.40.30.00-6 Others 1.8.8.40.90.00-8 ACTIVE COMPENSATION 3.0.0.00.00.00-7 Consortium

3.0.7.00.00.00-6
MONTHLY PROVISION OF RESOURCES TO BE RECEIVED FROM CONSORTIUM MEMBERS 3.0.7.75.00.00-4 CONTRIBUTIONS DUE TO THE GROUP 3.0.7.78.00.00-3 VALUE OF GOODS OR SERVICES TO BE AWARDED 3.0.7.82.00.00-4 VARIOUS ACTIVE COMPENSATION ACCOUNTS 3.0.7.99.00.00-4 LIABILITY DUE 4.0.0.00.00.00-6 OTHER OBLIGATIONS 4.9.0.00.00.00-3 Miscellaneous Obligations 4.9.8.00.00.00-9 OBLIGATIONS WITH CONSORTIUM MEMBERS 4.9.8.82.00.00-7 Groups in Formation 4.9.8.82.05.00-2 Unidentified Receipts 4.9.8.82.07.00-0 Contributions from Non-Awarded Consortium Members 4.9.8.82.10.00-4 AMOUNTS TO BE TRANSFERRED 4.9.8.86.00.00-9 Administration Fee 4.9.8.86.10.00-6 Insurance Premiums 4.9.8.86.15.00-1 Fines and Late Payment Interest 4.9.8.86.20.00-3 Termination Fine 4.9.8.86.22.00-1 Court Costs 4.9.8.86.25.00-8 Contract Registration Expenses for Guarantees 4.9.8.86.30.00-0 Other Resources 4.9.8.86.35.00-5 Amounts to be Transferred - Closure 4.9.8.86.95.00-7 OBLIGATIONS FOR AWARDS TO BE DELIVERED 4.9.8.91.00.00-3 Active awarded consortium members 4.9.8.91.10.00-0 Awarded consortium members excluded/left 4.9.8.91.20.00-7 OBLIGATIONS WITH THE ADMINISTRATOR 4.9.8.92.00.00-6 RESOURCES TO BE RETURNED TO CONSORTIUM MEMBERS 4.9.8.94.00.00-2 Active Ongoing 4.9.8.94.10.00-9 Active – by Allocation 4.9.8.94.15.00-4 Left or Excluded 4.9.8.94.20.00-6 GROUP RESOURCES 4.9.8.98.00.00-4 Reserve Fund 4.9.8.98.15.00-6 Reserve Fund Transformed into Common Fund 4.9.8.98.16.00-5 Reserve Fund to be Received from Awarded Consortium Members 4.9.8.98.17.00-4 (-) Resources Used from Reserve Fund 4.9.8.98.18.00-3 (+/-) Earnings and Fair Value Adjustment of Financial Applications of Consortium Groups 4.9.8.98.20.00-8 Withheld Fines and Late Payment Interest 4.9.8.98.30.00-5 Withheld Termination Fine 4.9.8.98.35.00-0 Resources in Process of Eligibility 4.9.8.98.40.00-2 Cash Balance Adjustment 4.9.8.98.45.00-7 (+/-) Rights Update 4.9.8.98.50.00-9 (+/-) Obligations Update 4.9.8.98.60.00-6 (-) Unrecoverable Values 4.9.8.98.90.00-7 PASSIVE COMPENSATION 9.0.0.00.00.00-1 Consortium 9.0.7.00.00.00-0 MONTHLY RESOURCES TO BE RECEIVED FROM CONSORTIUM MEMBERS 9.0.7.75.00.00-8 GROUP OBLIGATIONS FOR CONTRIBUTIONS 9.0.7.78.00.00-7 GOODS OR SERVICES TO BE AWARDED - VALUE 9.0.7.82.00.00-8 VARIOUS PASSIVE COMPENSATION ACCOUNTS 9.0.7.99.00.00-8 Director responsible for Accounting Professional Accounting CRC: CPF:
Place and Date” (NR)

“ANNEX II
Document No. 7 – Demonstration of the Variations in Group Availabilities

DEMONSTRATION OF THE VARIATIONS IN GROUP AVAILABILITIES

Reference Date:
//__

Administrator:

CNPJ:

Values in R$ 1.00, including cents

DISCRIMINATION
CODES
VALUE IN THE PERIOD

AVAILABILITIES (on __ / __ / __ ) 06.0.0.0.0-8 Cash 06.1.0.0.0-5 Bank Deposits 06.2.0.0.0-2 Checks in Collection 06.4.0.0.0-6 Group Financial Applications 06.5.0.0.0-3 Financial Applications Linked to Awards 06.6.0.0.0-0 Judicial Deposits or Blocks 06.7.0.0.0-7 (+) COLLECTED RESOURCES 07.0.0.0.0-1 Contributions for Acquisition of Goods 07.1.0.0.0-8 Administration Fee 07.2.0.0.0-5 Contributions to Reserve Fund 07.3.0.0.0-2 Earnings from Financial Applications 07.4.0.0.0-9 Fines and Late Payment Interest 07.5.0.0.0-6 Insurance Premiums 07.6.0.0.0-3 Court Costs 07.7.0.0.0-0 Reimbursement of Registration Expenses 07.8.0.0.0-7 Others 07.9.0.0.0-4 (-) RESOURCES USED 08.0.0.0.0-4 Acquisition of Goods 08.1.0.0.0-1 Administration Fee 08.2.0.0.0-8 Fines and Late Payment Interest 08.3.0.0.0-5 Insurance Premiums 08.4.0.0.0-2 Court Costs 08.5.0.0.0-9 Return to Disconnected Consortium Members 08.6.0.0.0-6 Contract Registration Expenses 08.7.0.0.0-3 Others 08.9.0.0.0-7 AVAILABILITIES (on __ / __ / __ ) 09.0.0.0.0-7 Cash 09.1.0.0.0-4 Bank Deposits 09.2.0.0.0-1 Checks in Collection 09.4.0.0.0-5 Group Financial Applications 09.5.0.0.0-2 Financial Applications Linked to Awards 09.6.0.0.0-9 Judicial Deposits or Blocks 09.7.0.0.0-6 Director responsible for Accounting Professional Accounting CRC: CPF:
Place and Date” (NR)

NOTE 358/2026 – BCB/DENOR, OF APRIL 24, 2026

Justifies the proposal for the issuance of an instruction normative that amends IN BCB No. 282, of April 27, 2022, which establishes the models for documents No. 6 – Demonstration of Consortium Resources and No. 7 – Demonstration of the Variations in Group Availability of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Dear Head of Denor,

1. The present Note
   justifies the proposal for the issuance of an instruction normative that amends the documents No. 6 – Demonstration of Consortium Resources and No. 7 – Demonstration of the Variations in Group Availability of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), defined by Instruction Normative BCB No. 282, of April 27, 2022, according to the competence of the Department of Financial System Regulation (Denor), in the exercise of the authority conferred by Art. 23, item I, subsection "a", of the Internal Regulations of the Central Bank of Brazil (BCB), annexed to Resolution BCB No. 340, of September 21 of 2023, based on Art. 15, item I, of Resolution BCB No. 146, of September 28, 2021.

2. Consortium administrators must, in accordance with Resolution BCB No. 146, of 2021, prepare, by consortium group and in consolidated form, the Demonstration of Consortium Resources and the Demonstration of the Variations in Group Availability according to the models established in Document No. 6 - Demonstration of Consortium Resources (document 4110) and Document No. 7 - Demonstration of the Variations in Group Availability (document 4350), respectively.

3. In a review process, the need was identified to highlight deposits resulting, for example, from judicial demands promoted by consortium members against consortium groups in Document No. 6. In this sense, it is necessary to update the list of line items used in the aforementioned document to include those related to account 1.8.8.40.00.00-5 DEBTORS FOR DEPOSITS AS GUARANTEE. Due to this update, it is also necessary to adjust Annex II of the aforementioned Instruction Normative, which establishes the model for document No. 7 - Demonstration of the Variations in Group Availability, with the consequent update of the accounts and codes mentioned therein.

4. It should be noted that document No. 6 – Demonstration of Consortium Resources and document No. 7 - Demonstration of the Variations in Group Availability are prepared and sent to the BCB quarterly, and the submission must occur by the last business day of the month following the respective reference date. Thus, I propose that the proposed amendment be applicable to accounting documents prepared from the reference date of September 2026, which must be sent by the end of October of the current year.

5. Finally, in compliance with the provisions of Art. 5 of Law No. 13.874, of September 20, 2019, Decree No. 10.411, of June 30, 2020, determines that proposals for normative acts of general interest of economic agents formulated by bodies and entities of the direct, autarchic, and foundational federal public administration, as well as by collegiate bodies through the body or entity responsible for providing them administrative support, must be preceded by a Regulatory Impact Analysis (RIA).

6. However,
   according to Art. 4, item V, of Decree No. 10.411, of June 30, 2020, which regulates this Law, the RIA may be waived, provided there is a reasoned decision by the competent body or entity, in the case of a normative act intended to preserve the liquidity, solvency, or integrity of financial, capital, or foreign exchange markets and payment systems. Considering that the accounting documents referred to in Instruction Normative BCB No. 282, of 2022, are the basis for the monitoring and supervision of consortium administrators, an activity essential for ensuring the adequate equity structure of these institutions, thereby contributing to the preservation of the system's solidity, I understand that the instruction normative now proposed is exempt from RIA.

For your consideration,

UVERLAN RODRIGUES PRIMO
Deputy Head

Agreed.

MARDILSON FERNANDES
QUEIROZ
Head of Department