RegAlert2022-03-22 | Resolução BCB 205Added
BCB Resolution No. 205 — Amends Resolution BCB No. 81 of March 25, 2021, regarding authorization processes for payment institutions and payment services
This resolution amends Resolution BCB No. 81/2021 to prohibit investment funds from acting as controllers or members of the control group of payment institutions and to extend qualified participation holder requirements to fund investors who effectively control the fund's actions. It also grants the Central Bank of Brazil the authority to require proof of compliance with specific requirements within sixty days of notification and to order the regularization or unwinding of operations involving qualified participations if irregularities are found. The regulation repeals specific items of Article 23 of the original resolution and enters into force on April 1, 2022.
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BCB RESOLUTION NO. 205, OF MARCH 22, 2022
Amends Resolution BCB No. 81, of March 25, 2021, which regulates the authorization processes related to the operation of payment institutions and the provision of payment services by other institutions authorized to operate by the Central Bank of Brazil.
The Collegiate Board of the Central Bank of Brazil, in a session held on March 22, 2022, based on the provisions of Arts. 6, §§ 1 and 4, and 9 of Law No. 12,865, of October 9, 2013, and considering the provisions of Resolution No. 4,282, of November 4, 2013,
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This document amends: BCB Resolution No. 81 — Regulates Authorization Processes for Payment Institutions and Payment Services
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