BCB Normative Instruction No. 57 — Amending Normative Instruction No. 16 Regarding Capital Integration and Maintenance by Payment Institutions Participating in Pix

This instruction amends Article 1 of Normative Instruction No. 16 to require that payment institutions not subject to operating authorization, or those in the process of obtaining it, integrate their capital in current currency by the date of submitting their Pix participation request. The regulation applies specifically to these payment institutions as a prerequisite for joining the Pix system. The instruction enters into force on the date of its publication.

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BCB Normative Instruction No. 57, OF December 10, 2020

Amends Normative Instruction No. 16, which provides for the integration and maintenance of capital by payment institutions not subject to operating authorization or in the process of obtaining operating authorization from the Central Bank of Brazil, as a necessary requirement to participate in Pix.

The Head of the Department of Competition and Financial Market Structure (Decem), using the powers conferred upon him by Art. 97-A, item X, 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 Art. 37 of the Regulation annexed to BCB Resolution No. 1, of August 12, 2020,

R E S O L V E S:

Art. 1º
The Normative Instruction No. 16, of September 18, 2020, shall enter into force with the following wording:

“Art. 1º The capital integration by a payment institution not subject to operating authorization or in the process of obtaining operating authorization from the Central Bank of Brazil, referred to in § 1º, Art. 24 of the Regulation annexed to BCB Resolution No. 1, of August 12, 2020, must be carried out in current currency by the date of submission of the request for participation in Pix.” (NR)

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

Ângelo José
Mont Alverne Duarte

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This document amends: Normative Instruction BCB No. 16 — Disposes on the integration and maintenance of capital by payment institutions not subject to operating authorization or in the process of obtaining operating authorization from the Central Bank of Brazil, as a necessary requirement to participate in Pix

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