Regulatory Alerts2026-07-07
Added · Updated
Amendments to External Regulatory Circular DSP-465 of March 31, 2026
The Banco de la República (BR) has published a draft regulation, "Amendments to External Regulatory Circular DSP-465 of March 31, 2026," for public comments until July 22, 2026. This project aims to modify provisions related to the interoperability of immediate low-value payment systems, specifically updating payment order classifications, incorporating a "Payment Reference" field, and revising operational standards and key management processes. The amendments introduce new rules for participants not offering payment methods and detail the types and management of "Keys" (e.g., ID, phone number, email, alphanumeric, merchant code) used to initiate immediate payment orders and/or fund transfers, ensuring compliance with data protection laws.