2022-11-22 | Instrução Normativa BCB 326Added
The document establishes a mandatory timeline for financial institutions to test, certify, and migrate to version 2.0.0 of the Open Finance Payment Initiation Services API. Key deadlines require achieving at least 30% test success by December 20, 2022, 50% by January 5, 2023, and 90% by January 13, 2023, followed by functional certification requests by February 1, 2023, and final publication by February 15, 2023. The previous version 1 is deprecated, with payment initiators required to migrate by May 16, 2023, while account holders must discontinue the old version only after that date. The instruction enters into force on December 1, 2022, and is exempt from a Regulatory Impact Analysis due to its low impact on participating institutions.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
BCB NORMATIVE INSTRUCTION NO. 326, OF NOVEMBER 22, 2022
Publishes the schedule for the control points of the production publication process of version 2.0.0 of the Payment Initiation Services API of Open Finance.
The Heads of the Financial System Regulation Department (Denor), the Banking Supervision Department (Desup) and the Supervision Department of Cooperatives and Non-Bank Institutions (Desuc), in the exercise of the powers conferred upon them by articles 23, item I, letter "a", 62, item IV, 81, item VI, and 116, item I, letter "b", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on art. 3, item II, of BCB Resolution No. 32, of October 29, 2020.
Read the rest free, and get an email when BCB publishes again
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
More like this from BCB
BCB published 15 documents in the last 30 days. We email you each new one the day it's published.