BCB Resolution No. 108 — Rules and Procedures for Administrative Decision Deadlines for Economic Activity Licensing Requests

BCB Resolution No. 108 establishes maximum administrative decision deadlines for economic activity licensing requests submitted to the Central Bank of Brazil by institutions governed by Law No. 4,595/1964 and Complementary Law No. 130/2009. It defines specific deadlines for different administrative phases for various financial institutions and market infrastructures, and sets rules for counting these deadlines, including suspension conditions and notification procedures via the BC Correio system. The resolution specifies that failure to meet deadlines does not result in tacit approval, except where otherwise provided by law, and enters into force on July 1, 2021.

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Resolução Nº 108

RESOLUTION
BCB NO. 108, OF JUNE 24, 2021

Provides for the rules and procedures to be observed for the control and counting of maximum administrative decision deadlines for requests for public acts of economic activity release required from the Central Bank of Brazil, for the specific deadlines for the different phases of the administrative processes for the release of economic activity, and for the maximum deadlines for administrative decision on requests submitted by institutions governed by Law No. 4,595, of December 31, 1964, and by Complementary Law No. 130, of April 17, 2009.

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Show all related documents (8)

Amended by: BCB Resolution No. 549 — Amending Annex II to BCB Resolution No. 108 Regarding Administrative Timelines for Economic Activity Licensing2026 BCB Resolution No. 316 — Amends Annex II to BCB Resolution No. 108 Regarding Deadlines for Administrative Processes for Economic Activity Release2023
Issued under: Law No. 12,865, of October 9, 2013 — payment arrangements and payment institutions that are part of the Brazilian Payment System2013Decree No. 10178 dated 2019-12-18not in RegAlertLaw No. 11795 dated 2008-10-08not in RegAlertLaw No. 4595 dated 1964-12-31not in RegAlertResolution No. 4122 dated 2012-08-02not in RegAlertResolution No. 4434 dated 2015-08-05not in RegAlert

Timeline

Amended 2 times · last 2026-02-19

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