BCB INSTRUCTION NO. 289, OF JULY 29, 2022

Reestablishes the continuity of the passage of time limits to which applicants are subject in the processes of opening Reserves Bank accounts, Settlement accounts, and Instant Payment accounts (Instant Payment account), and for direct participation in the Reserves Transfer System (STR) and the Instant Payment System (SPI), as dealt with in BCB Instructions No. 287, of July 27, 2022, and No. 243, of March 16, 2022.

The Head of the Department of Banking Operations and Payment Systems (Deban), in the exercise of the authority conferred by art. 23, item I, letter “a”, and by art. 111, item V, both of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84.287, of February 27, 2015, and taking into account the provisions in the Regulations annexed to BCB Resolution No. 105, of June 9, 2021, and to BCB Resolution No. 195, of March 3, 2022,

R E S O L V E S:

Art. 1º The continuity of the passage of time limits to which applicants are subject in the processes of opening Reserves Bank accounts, Settlement accounts, and Instant Payment accounts, and for direct participation in the Reserves Transfer System (STR) and the Instant Payment System (SPI), as dealt with in BCB Instructions No. 287, of July 27, 2022, and No. 243, of March 16, 2022, is reestablished.

Sole Paragraph. The period from April 1, 2022, to August 31, 2022, inclusive, shall not be considered in the counting of the time limits referred to in the caput.

Art. 2º BCB Instruction No. 278, of April 13, 2022, is revoked.

Art. 3º This Instruction enters into force on September 1, 2022.

Rogério Antônio Lucca

NOTE

Since it is a normative act considered to have low impact, given that it does not cause an increase in costs for economic agents – it only reestablishes requirements already existing, fully known to the applicants, and which were temporarily suspended due to a transitional situation, the preparation of a regulatory impact analysis (AIR) is dispensed with, in accordance with the provisions of art. 4º, item III, of Decree No. 10.411, of June 30, 2020.