Instruction Normative BCB No. 604 — Amends the Layout and Filling Instructions for Document 2080 - Position of Quotas and Groups of Consortium Operations - Real Estate and Movable Assets

Resolution No. 222

INSTRUCTION NORMATIVE
BCB No. 604, OF MARCH 31, 2025

Amends the Layout and Filling Instructions for document 2080 - Position of Quotas and Groups of Consortium Operations - Real Estate and Movable Assets, governed by Instruction Normative BCB No. 525, of September 19, 2024.

The Head of the Department of Monitoring of the Financial System (Desig), in the exercise of the authority conferred upon him by art. 23, item I, letter “a” of the Internal Regulations of the Central Bank of Brazil, published through Resolution BCB No. 340, of September 21, 2023, based on art. 85, item I, letter “b” of said Regulations, and considering the provisions of Resolution BCB No. 352, of November 23, 2023,

R E S O L V E:

Art. 1º This Instruction Normative provides for the amendments to the layout and filling instructions of the document with code 2080 – Position of Quotas and Groups of Consortium Operations - Real Estate and Movable Assets governed by Instruction Normative BCB No. 525, of September 19, 2024.

Art. 2º The new versions of the Layout and Filling Instructions for document 2080 - Position of Quotas and Groups of Consortium Operations - Real Estate and Movable Assets shall enter into force, as of the March 2025 reporting base, available on the Central Bank of Brazil’s internet page, at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/documento2080.

Art. 3º The following modifications were made to the Filling Instructions for document code 2080:

I - in the Active Group Record: alteration in the “Observations” column of the fields:

a) “Group Code”;

b) “Segment Code”; and

c) “Reserve Fund Percentage”;

II - in the Quota Record: alteration in the “Description” and “Observations” columns of the fields:

a) “Quota Code”;

b) “Quota Sequence”;

c) “Current Status”;

d) “Administration Fee”;

e) “Award Date”;

f) “Bid Percentage”;

g) “Own Funds Bid Value”;

h) “Embedded Bid Value”;

i) “FGTS Funds Bid Value”;

j) “Credit on Award Date”;

k) “Asset Recovery Date”;

l) “Quota Exclusion Date”;

m) “Rescission Penalty Percentage – Group”;

n) “Rescission Penalty Percentage – Administrator”; and

o) “Consortium Member’s Monthly Income/Revenue”;

III - in the Record of Consortium Member Resources from Closed Groups:

a) alteration in the “Observations” column of the fields:

1. “Group Code”;

2. “Quota Code”; and

3. “Quota Sequence”;

b) alteration in the “Description” column of the fields:

1. “Unclaimed Resource”; and

2. “Amount to be Returned due to Future Assessments”;

IV - in the Record of Defaulters from Closed Groups:

a) alteration in the “Observations” column of the fields:

1. “Group Code”;

2. “Quota Code”; and

3. “Quota Sequence”;

b) alteration in the “Description” and “Observations” columns of the field “Amount to be Received”.

Art. 4º The following modifications were made to the Layout of document code 2080:

I - in the Individual Balance Sheet Record of Active Groups (4110): alteration in the “Tag” and “Attributes” columns of the “Account” field;

II - in the Record of Variations in Availability of Active Groups (4350): alteration in the “Tag” and “Attributes” columns of the “Account” field;

III - in the Record of Variations in Availability of Closed Groups as of the reporting base (4350): alteration in the “Tag” and “Attributes” columns of the “Account” field;

IV - in the Individual Balance Sheet Record of Groups in Formation (4110): alteration in the “Tag” and “Attributes” columns of the “Account” field;

V - in the Record of Variations in Availability of Groups in Formation (4350): alteration in the “Tag” and “Attributes” columns of the “Account” field;

VI - in the Record of Unidentified Resources / Individual Balance Sheet Record of Unidentified Resources (4110): alteration in the “Tag” and “Attributes” columns of the “Account” field;

VII - in the Record of Variations in Availability of Unidentified Resources (4350): alteration in the “Tag” and “Attributes” columns of the “Account” field;

Art. 5º This Instruction Normative enters into force on the date of its publication.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

NOTE

Resolution BCB No. 285, of January 19, 2023, provided for the constitution and functioning of consortium groups. Art. 54 of that Resolution establishes that the consortium administrator must prepare and remit to the Central Bank of Brazil information regarding consortium operations, in the form, content, and scope defined in the current regulation. Instruction Normative BCB No. 525, of September 19, 2024, establishes the procedures for remitting this information, which is done through document code 2080 – Position of Quotas and Groups of Consortium Operations - Real Estate and Movable Assets.

2. Resolution BCB No. 352, of November 23, 2023, concluded the harmonization process of the accounting standards provided for in the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) with the international pronouncement IFRS 9 – Financial Instruments issued by the International Accounting Standards Board (IASB). To allow for accounting bookkeeping in the Cosif chart of accounts to be aligned with the criteria and accounting procedures established in the regulation issued by the CMN and the BCB, it was necessary to alter the items of said chart of accounts, which culminated in the issuance of Instruction Normatives BCB (INs) Nos. 426, 427, 428, 429, 430, 431, 432, and 433, all from 2023. With the issuance of these INs, there was a significant alteration of Cosif, with the inclusion of one more level in its list of accounts, moving from the current 5 levels to 6, which is being called Cosif version 1.5. As a direct consequence of this alteration, it is necessary to alter document code 2080.

3. The following alterations were made:

I - wording adjustments in the filling instructions; and

II - layout adjustments regarding the size of the “Account” fields in the Individual Balance Sheet Records (4110) and in the Records of Variations in Availability (4350), which changed from 8 digits to 10 in the first case, and from 8 digits to 7 in the second case.

4. Decree No. 10.411, of June 30, 2020, regulates the conduct of regulatory impact analysis (RIA) as a prerequisite for the issuance of normative acts. However, in its art. 4º, the Decree establishes the hypotheses for exemption from conducting an RIA. The present BCB IN falls under the hypothesis provided for in item II - normative act intended to discipline rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives.

5. Considering the issuance of the normative acts cited in paragraph 2 and aiming to allow institutions to correctly inform the Position of Quotas and Groups of Consortium Operations - Real Estate and Movable Assets, there is no alternative but to alter document 2080, thus justifying the classification of the present Instruction Normative under item II of art. 4º of Decree No. 10.411, of 2020.

6. Thus, based on the provisions of paragraphs 4 and 5, I understand that the issuance of the present Instruction Normative is exempt from the conduct of an RIA.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA
Head of the Department of Monitoring of the Financial System (Desig)