BCB Resolution No. 204 — Provisions on Data Sharing of Operations Registered in the Rural Credit and Proagro Operations System (Sicor)

Resolution No. 204

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

BCB RESOLUTION NO. 204, OF MARCH 22, 2022

Provisions on the sharing of data of operations registered in the Rural Credit and Proagro Operations System (Sicor).

The Collegiate Board of the Central Bank of Brazil, in a session held on March 9, 2022, having in view arts. 5 and 6, item I, of Law No. 4,829, of November 5, 1965, and art. 39 of the Regulation annexed to Decree No. 58,380, of May 10, 1966,

R E S O L V E S:

Art. 1st Section 10 (Data Sharing of the Rural Credit and Proagro Operations System) of Chapter 2 (Basic Conditions) of the Rural Credit Manual is instituted, as per the annex.

Art. 2nd This Resolution enters into force on May 2, 2022.

Otávio Ribeiro Damaso

Director of Regulation

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TITLE : RURAL CREDIT

CHAPTER : Basic Conditions - 2

SECTION : Data Sharing of the Rural Credit and Proagro Operations System - 10

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1 - Subject to the provisions of this Section, the rural credit beneficiary may access the data registered in Sicor relating to their operations and authorize third parties to access such data for the following determined purposes:

a) obtain information relating to the characteristics of the properties, the financed enterprises, and the rural credit operations and their risk mitigation forms, with the purpose of:

I - offering rural credit beneficiaries services and products adequate to the needs of their rural productive activities;

II - expanding the volume of resources available to rural credit beneficiaries, including through alternative funding sources to rural credit;

b) allow the use of data necessary in certification, validation, or similar nature processes, in which the rural credit beneficiary is an involved party;

c) examine the level of leverage and the degree of indebtedness of the rural credit beneficiary in rural credit operations.

2 - The rural credit operations contracted from January 1, 2013, may be the object of the sharing provided for in this Section.

3 - For the purposes of this Section, it is considered:

a) holder: rural credit beneficiary who accesses data relating to their own operations;

b) authorizer: rural credit beneficiary who authorizes third parties to access data relating to their operations registered in Sicor;

c) consultant: person authorized by the holder(s) to consult operations by one or more authorizers.

4 - To grant the authorization and obtain access to data relating to operations registered in Sicor under the terms of this Section, the users referred to in item 3 must register in the "gov.br" domain, at the silver or gold level, observing the information security procedures required.

5 - The authorizer is permitted to consent to the sharing of information relating to their operations with any interested third party, without the need for individual authorizations, or with specific interested third parties.

6 - The consultant may not share with third parties the data of the authorizer obtained as a result of the sharing of information provided for in this Section, and must also observe the other commands of the legislation regarding the protection of personal data.

7 - To obtain access to collective rural credit operation data, the consultant must possess authorization from all beneficiaries of the referred operation.

8 - The data sharing by the authorizer will be valid for 180 (one hundred and eighty) days or for a shorter period indicated by them, and the authorizer may cancel the authorization to access the data at any time.

9 - Without prejudice to the provisions of this Section, the Central Bank of Brazil may disclose data of operations registered in Sicor, independently of the beneficiary's authorization, in rural credit operations:

a) backed by resources referred to in MCR 6-1-2-"c", "e" and "f";

b) classified under the Agricultural Activity Guarantee Program (Proagro); and

c) benefited with economic subsidy under the protection of Law No. 8,427, of May 27, 1992.