Circular No. 3958 — Dispenses on the Submission of Information Regarding the Disclosure of Open Data by Financial Institutions and Other Institutions Authorized to Operate by the Central Bank of Brazil

The Collegiate Board of the Central Bank of Brazil, in a session held on August 27, 2019, based on the provisions of Articles 10, item IX, and 37 of Law No. 4,595, of December 31, 1964, and Decree No. 8,777, of May 11, 2016,

R E S O L V E:

Art. 1 This Circular provides for the submission of information regarding the disclosure of open data by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Art. 2 The institutions referred to in Art. 1 shall inform the Central Bank of Brazil and keep updated the access references to the open data of their ownership.

Art. 3 For the purposes of this Circular, it is understood as:

I - open data: data accessible to the public, represented in digital media, structured in an open format, machine-processable, referenced on the internet and available under an open license that allows their free use, consumption or cross-referencing, limited to crediting the authorship or source;

II - data accessible to the public: public data generated or accumulated by a financial institution or institution authorized to operate by the Central Bank of Brazil whose disclosure in open format is provided for in regulation of the National Monetary Council or the Central Bank of Brazil; and

III - open format: non-proprietary file format, whose specification is publicly documented and is of free knowledge and implementation, free of patents or any other legal restriction regarding its use.

Art. 4 The Central Bank of Brazil will publish the technical specifications necessary for compliance with this Circular.

Art. 5 This Circular enters into force on the date of its publication.

Otávio Ribeiro Damaso Carolina de Assis Barros Director of Regulation Director of Administration