RegAlert2023-06-29 | Instrução Normativa BCB 397Added
BCB Normative Instruction No. 397 of June 29, 2023
This instruction amends BCB Normative Instruction No. 103 of April 30, 2021, by updating the required documents, models, and procedures for payment institutions and other authorized entities to apply for authorization to operate, transfer control, appoint administrators, and operate in the foreign exchange market. Specifically, it introduces new Sisorf model references for declarations regarding economic-financial capacity, lawful origin of resources, and data processing authorization, and establishes a fifteen-day deadline for submitting documentation for foreign exchange market authorization or cancellation requests. The changes aim to clarify compliance with Resolution BCB No. 277 of December 31, 2022, and entered into force on July 1, 2023.
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Resolution No. 222
BCB NORMATIVE INSTRUCTION NO. 397, OF JUNE 29, 2023
Amends
BCB Normative Instruction No. 103, of April 30, 2021, which disseminates procedures, documents, deadlines, and information necessary for the instruction of authorization requests related to the operation of payment institutions and the provision of payment services by other institutions authorized to operate by the Central Bank of Brazil, and the manner and terms to be observed in the preparation of the cessation of activities plan related to payment services provided by payment institutions.
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Lineage: In force
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This document amends: Normative Instruction BCB No. 103 — Procedures for Authorization of Payment Institutions and Payment Services
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
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