BCB Normative Instruction No. 341

BCB NORMATIVE INSTRUCTION No. 341, OF 30 DECEMBER 2022

Provides for the implementation deadline for provisions set forth in BCB Normative Instruction No. 331, of 1 December 2022, which provides for the value limits for transactions within the scope of Pix.

The Deputy Head of the Department of Competition and Financial Market Structure, using the authority conferred on him by art. 23, item I, subitem “a”, of the Internal Rules of the Central Bank of Brazil, annexed to Administrative Rule No. 84,287, of 27 February 2015, and in view of the provisions of BCB Resolutions Nos. 188 and 189, both of 23 February 2022,

R E S O L V E S :

Art. 1 BCB Normative Instruction No. 331, of 1 December 2022, shall henceforth be in force with the following amendment:

“Art. 10. ..........................................................................................................

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§ 6 The implementation of the provision contained in § 2 of this article must be carried out by all Pix participants by 3 April 2023.” (NR)

Art. 2 This Normative Instruction enters into force on the date of its publication.

Carlos Eduardo de Andrade Brandt Silva Acting Head of the Department of Competition and Financial Market Structure

NOTE

Decree No. 10,411, of 30 June 2020, provides for the mandatory conduct of regulatory impact analysis (RIA) for the issuance of normative acts of general interest produced by bodies and entities of the direct and indirect federal public administration.

However, as defined in paragraph 8 of Vote 280/2021–BCB, of 10 November 2021, the Pix Regulation, including the other documents that integrate it or that detail and complement it, is not characterized as a regulatory act of binding force, having, in fact, an eminently contractual nature. Thus, modifications made to the aforementioned regulation and to the other documents that integrate it or that detail and complement it are not subject to the prior production of an RIA.

Carlos Eduardo de Andrade Brandt Silva Acting Head of the Department of Competition and Financial Market Structure