BCB Resolution No. 104 — Amends the Regulation annexed to Circular No. 4,027 of June 12, 2020, regarding the Instant Payment System (SPI) and Instant Payment Account (Conta PI) due to the introduction of the Special Return Mechanism in the Pix payment arrangement

Resolution No. 104

BCB RESOLUTION NO. 104,
OF JUNE 8, 2021

Revoked normative document, from
April 1, 2022, by BCB Resolution No. 195, of March 3, 2022.

Amends the Regulation annexed to Circular No. 4,027, of June 12, 2020, which regulates the operation of the Instant Payment System (SPI) and the Instant Payment Account (Conta PI) at the Central Bank of Brazil, due to the introduction of the Special Return Mechanism into the regulation of the Pix payment arrangement, annexed to BCB Resolution No. 1, of August 12, 2020.

The Collegiate Board of the Central Bank of Brazil, in a session held on June 2, 2021, based on art. 10, item IV, of Law No. 4,595, of December 31, 1964, on art. 10 of Law No. 10,214, of March 27, 2001, on arts. 7, 9, 10, 14 and 15 of Law No. 12,865, of October 9, 2013, on arts. 9 and 11 of Resolution No. 2,882, of August 30, 2001, and on Resolution No. 4,282, of November 4, 2013,

R E S O L V E S:

Art. 1
The
Regulation annexed to Circular No. 4,027, of June 12, 2020, shall enter into force with the following alteration:

“Art. 2 ......

......

V - return of instant payment: an order for credit issued by an SPI participant, based on a command or upon prior and express authorization from the end-user recipient of the original instant payment, and used exclusively to return an instant payment previously settled;

......”
(NR)

Art.
2 This
Resolution enters into force on July 1, 2021.

Bruno Serra Fernandes
Monetary Policy Director