Regulatory Alerts2026-04-16 | Instrução Normativa BCB 725Central Bank of Brazil Normative Instruction No. 725 of April 16, 2026
The Central Bank of Brazil issued Normative Instruction No. 725 to establish the guidelines, conditions, and deadlines for production testing of the optimized payment transaction initiation journey with data sharing within the Open Finance ecosystem. The regulation mandates that participating institutions implement specific technical integrations, security tests, and minimum transaction volumes by April and June 2026 to ensure functionality and market stability. This directive applies to account-holding, data-transmitting, payment-initiating, and data-receiving institutions, with detailed criteria outlined in its annexes.
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