Joint Resolution No. 15 — Amending Joint Resolution No. 1 of May 4, 2020, Regarding the Implementation of Open Finance

Resolution No. 15

JOINT RESOLUTION NO. 15, OF NOVEMBER 28, 2025

Amends Joint Resolution No. 1, of May 4, 2020, which provides for the implementation of Open Finance.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that its Collegiate Board, in a session held on October 29, 2025, and the National Monetary Council, in a session held on November 27, 2025, based on Arts. 4, caput, item VIII, of the aforementioned Law, 9-A, caput, item I, of Law No. 4,728, of July 14, 1965, and 9, caput, item II, of Law No. 12,865, of October 9, 2013,

RESOLVED:

Art. 1. Joint Resolution No. 1, of May 4, 2020, published in the Official Gazette of the Union on May 5, 2020, shall enter into force with the following alterations:

“Art. 2 ...................................................................................................................................

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XI - successive payment transactions: payment transactions carried out between the same payers and payees according to specific contracted periodicities or conditions;

XII - data aggregation: consolidation of data shared in accordance with the provisions of this Joint Resolution for the purpose of providing services to its clients;

XIII - portability of credit operations: transfer of a credit operation from the original creditor institution to the proposing institution, upon request by the debtor;

XIV - original creditor institution: the creditor institution of the operation subject to portability; and

XV - proposing institution: the institution receiving the operation subject to portability.” (NR)

“Art. 5 ...................................................................................................................................

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II - ............................................................................................................................................

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c) portability of credit operations.

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“Art. 6 ...................................................................................................................................

I - .............................................................................................................................................

a) .............................................................................................................................................

1. institutions classified in Segments 1 – S1 and 2 – S2, as provided in Resolution No. 4,553, of January 30, 2017;

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3. institutions that participate in the sharing of the credit operation portability service provided for in Art. 5, caput, item II, letter "c"; and

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IV - in the case of the sharing of the credit operation portability service provided for in Art. 5, caput, item II, letter "c":

a) mandatorily, in the capacity of original creditor institution, individual institutions and institutions belonging to conglomerates that have active credit operations according to credit modalities foreseen in the implementation scope defined by the Central Bank of Brazil and that participate, mandatorily or voluntarily, in the data sharing provided for in Art. 5, caput, item I; and

b) voluntarily, in the capacity of original creditor institution or proposing institution, the other institutions provided for in Art. 1 that offer or have active credit operations according to credit modalities foreseen in the implementation scope defined by the Central Bank of Brazil, observing the current regulation.

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§ 4. The requirements for mandatory participation provided for in items I to IV of the caput do not apply to institutions exempted by the Central Bank of Brazil, based on criteria related to the quantity and nature of clients, the types of services contracted and distributed, as well as the electronic access channels available and used by clients, observing the objectives and principles contained in this Joint Resolution.

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§ 8. The voluntary participation provided for in item IV, letter "b", of the caput, in the capacity of proposing institution, presupposes the availability of a dedicated interface in the capacity of original creditor institution.” (NR)

“ Section IV-A

Of the requirements for the portability of credit operations

Art. 22-A. The proposing institution, for the purposes of sharing the credit operation portability service provided for in Art. 5, caput, item II, letter "c", must:

I - identify the client;

II - obtain the client's consent for the request for sharing of registration and transaction data provided for in Art. 5, caput, item I, letters "c" and "d", if there is no prior valid consent for such sharing; and

III - obtain a formal and specific request from the client for the portability of the credit operation and acceptance of the conditions to be contracted regarding the operation subject to portability, adopting procedures and controls that ensure the authenticity of the request and acceptance by the client.

§ 1. The sharing of registration and transaction data and services referred to in the caput must observe the stages and provisions in the current regulation.

§ 2. The processing of multiple portability requests for the same credit contract simultaneously is prohibited.” (NR)

“Art. 22-B. The original creditor institution of the credit operation subject to credit portability must adopt procedures and controls for authenticating the proposing institution, as well as observe the rules set forth in the current regulation regarding the request for data sharing, as per Art. 22-A, caput, item II.” (NR)

“Art. 22-C. The original creditor institution of the credit operation subject to credit portability is permitted to offer the client counter-proposals before the deadline provided for the effective settlement of the operation.” (NR)

“Art. 22-D. The original creditor institution and the proposing institution must ensure that the client:

I - may withdraw the request for portability of the credit operation at any time before the effective settlement of the operation; and

II - is informed regarding the progress of the portability request.” (NR)

“Art. 22-E. The proposing institution and the original creditor institution must observe, in addition to the rules of the Open Finance regulation, the rules and deadlines established in the specific regulation that governs the portability of credit operations, especially with regard to:

I - forwarding of the proposal by the proposing institution and of the counter-proposal by the original creditor institution;

II - request and cancellation of portability;

III - transfer of funds between institutions for the purposes of settling the outstanding balance of the credit operation subject to portability;

IV - effective implementation of portability; and

V - costs and financial reimbursement related to portability.” (NR)

Art. 2. The following provisions of Joint Resolution No. 1, of May 4, 2020, published in the Official Gazette of the Union on May 5, 2020, are hereby repealed:

I - letter "b" of item II of the caput of Art. 5; and

II - item III of the caput of Art. 6.

Art. 3. This Joint Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO President

of

the

Central Bank

of

Brazil