BCB Resolution No. 138 — Amending Circular No. 4,015 of May 4, 2020, Regarding the Scope of Data and Services of the Open Banking System

BCB RESOLUTION NO. 138, OF SEPTEMBER 9, 2021

Amends Circular No. 4,015, of May 4, 2020, which provides for the scope of data and services of the Open Banking System.

The Collegiate Board of the Central Bank of Brazil, in a session held on September 8, 2021, based on arts. 9 of Law No. 4,595, of December 31, 1964, 9, item II, of Law No. 12,865, of October 9, 2013, and 51, item I, of Joint Resolution No. 1, of May 4, 2020,

RESOLVES:

Art. 1 The Circular No. 4,015, of May 4, 2020, shall enter into force with the following amendments:

“Art. 3 ............................................................................................................

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IV - foreign exchange operations:

a) total effective value (TEV):

1. type of operation (purchase or sale);

2. foreign currency;

3. nature of the operation;

4. method of delivery of the foreign currency;

5. value range of the operation; and

6. TEV value;

b) exchange rate:

1. type of operation (purchase or sale);

2. foreign currency;

3. nature of the operation;

4. method of delivery of the foreign currency; and

5. rate value;

V - accreditation services in payment arrangements: fees and tariffs for services:

a) denomination;

b) triggering event;

c) value; and

d) identifying acronym, if any;

VI - time deposit accounts and other products with an investment nature:

a) products related to time deposit accounts and other products with an investment nature:

1. identification and characteristics of the product;

2. rates, indexers, and remuneration characteristics;

3. investment and redemption conditions; and

4. taxation;

b) fees or tariffs for brokerage services and related to the institution's role as a custody agent regarding time deposit accounts and other products with an investment nature, as provided for in this item:

1. denomination;

2. triggering event;

3. value; and

4. identifying acronym, if any;

VII - insurance, open supplementary pension, and capitalization.

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§ 2 For the purposes of sharing the values of tariffs, effective values, and remuneratory rates of the products and services referred to in items I to VI of the caput, the relative frequency distribution of the charged values must be made available based on parameters defined in the convention referred to in art. 44 of Joint Resolution No. 1, of 2020.

§ 3 The provisions of § 2 do not apply to the exchange rate, referred to in item “b” of item IV of the caput, for which the values practiced at the time of the inquiry must be made available.

§ 4 The products related to time deposit accounts and other products with an investment nature, referred to in item “a” of item VI of the caput, include, at a minimum:

I - time deposits and instruments for raising funds in the financial market:

a) Bank Deposit Certificate;

b) Bank Deposit Receipt;

c) Real Estate Credit Note; and

d) Agribusiness Credit Note;

II - investment fund shares relative to investment funds classified as currency, multi-market, fixed income, and equity;

III - public bonds made available by Tesouro Direto;

IV - other securities and other private financial instruments with an investment nature:

a) shares;

b) shares of index funds listed on the stock exchange;

c) debentures;

d) Real Estate Receivables Certificates;

e) Agribusiness Receivables Certificates.

§ 5 Regarding investment fund shares, the information related to item 2 of item “a” of item VI of the caput must correspond to the administration, entry, exit, and performance rates of the fund.

§ 6 The participating institution is exempt from the requirement to share the data referred to in item “a” of item VI of the caput for the products referred to in items III and IV of § 4.

§ 7 The products and services related to insurance, open supplementary pension, and commercial capitalization marketed or distributed through a channel of an institution authorized to operate by the Central Bank of Brazil must observe the minimum scope of data and services defined by the Superintendence of Private Insurance and the National Council for Private Insurance in their own regulation, to the extent applicable.” (NR)

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

Otávio Ribeiro Damaso
Director of Regulation