BCB Instruction No. 382 of May 16, 2023 — Amends BCB Instruction No. 243 Regarding Direct Participation in the Instant Payment System (SPI) and Account Opening Procedures

This instruction amends BCB Instruction No. 243 to establish specific procedures for changing SPI participation modes from indirect to direct or vice versa. It mandates that applicants submit digital certificates and perform connectivity tests by the business day prior to production operations, with non-compliance resulting in procedure cancellation. The text also defines the process for switching from direct to indirect participation as a request to close the Instant Payments Account while maintaining Pix arrangement participation, requiring at least ten business days' notice. These changes take effect on June 1, 2023.

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BCB INSTRUCTION NO. 382, OF MAY 16, 2023

Amends BCB Instruction No. 243, of March 16, 2022, which disseminates procedures to be observed for direct participation in the Instant Payment System (SPI), for opening the Instant Payments Account (Conta PI), and defines the maximum time limits for validation and settlement of instant payment orders, as provided for in the Regulation attached to BCB Resolution No. 195, of March 3, 2022.

The Head of the Department of Banking Operations and Payment Systems (Deban), using the powers conferred by Art. 23, item I, letter “a”, and by Art. 111, item V, 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 of the Regulation attached to BCB Resolution No. 195, of March 3, 2022,

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This document amends: Normative Instruction BCB No. 243 — Procedures for Direct Participation in the Instant Payment System (SPI), Instant Payment Account (PI Account) Opening, and Maximum Time Limits for Validation and Settlement

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works