BCB Resolution No. 206 — Establishes Technical and Operational Requirements for Credit Proposal Forwarding Service in Open Banking

BCB RESOLUTION NO. 206, OF MARCH 22, 2022

Establishes the technical and operational requirements for the credit proposal forwarding service in the Open Banking System (Open Banking).

The Collegiate Board of the Central Bank of Brazil, in a session held on March 22, 2022, based on Article 9 of Law No. 4,595, of December 31, 1964, and Article 51, item I, of Joint Resolution No. 1, of May 4, 2020,

R E S O L V E :

Article 1. This Resolution establishes the technical and operational requirements for the sharing of the credit proposal forwarding service in the Open Banking System (Open Banking).

Article 2. The principles of the sharing of the credit proposal forwarding service in Open Banking are:

I - accurate and personalized credit proposal;

II - transparency in the request and contracting of credit operations;

III - comparability between credit proposals; and

IV - agile and convenient customer experience.

Article 3. The credit proposal forwarding service in Open Banking is restricted to unsecured personal loans without payroll deduction and without collateral.

Article 4. Contracting institutions must provide dedicated interfaces for sharing the credit proposal forwarding service, which must include, at a minimum:

I - the receipt of requests for credit operation proposals;

II - the receipt and sending of data between the contracting financial institution and the correspondent in the Country;

III - the sending of credit operation proposals; and

IV - the tracking of requests and respective credit operation proposals.

Paragraph 1. For the purposes of this Resolution, a contracting institution is considered a financial institution that maintains a correspondent agreement in the Country that includes the activity of receiving and forwarding proposals for credit operations and financial leasing, through an electronic platform, in accordance with the regulation on correspondents in the Country.

Paragraph 2. The interfaces referred to in the main text must be implemented in accordance with the technological standards, operational procedures, and data layout standardization, as provided for in Article 44 of Joint Resolution No. 1, of May 4, 2020.

Article 5. This Resolution enters into force on the date of its publication.

Otávio Ribeiro Damaso

Director of Regulation