Regulatory Alerts2021-06-24 | Resolução Conjunta 3Joint Resolution No. 3 — Amending Joint Resolution No. 1 of May 4, 2020, Regarding the Implementation of the Open Banking System
The Central Bank of Brazil and the National Monetary Council issued Joint Resolution No. 3 to amend the regulations governing the Open Banking system. The resolution mandates mandatory data sharing for credit forwarding services, establishes strict protocols for interface unavailability and crisis communication, and requires Central Bank approval for convention content. It also revokes specific provisions of previous resolutions and sets the entry into force date for the amended articles as June 1, 2020.
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