BCB Resolution No. 25 — Amends Circular No. 3,681 of November 4, 2013, regarding risk management, minimum capital requirements, governance of payment institutions, preservation of value and liquidity of payment account balances, and other provisions

This resolution amends Circular No. 3,681 to establish risk management structures for payment institutions, exempting those in prudential conglomerates from certain minimum capital calculations and requiring financial institutions providing payment services to implement complementary risk frameworks. It introduces specific capital adequacy requirements for payment transaction initiators, mandating adjusted net equity levels of 1% through 2022, 1.25% through 2024, and 1.5% from 2025 onwards, based on average monthly transaction values. The text also mandates that resources securing electronic money balances be allocated exclusively to cash in Correspondent Accounts for Electronic Currency (CCME) or federal public securities held in the SELIC system, with strict rules governing transfers between these accounts and Payment Instantaneous Accounts (Conta PI).

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Resolution No. 25

BCB RESOLUTION
NO. 25, OF OCTOBER 22, 2020

Amends Circular No. 3,681, of November 4, 2013, which provides for risk management, minimum capital requirements, governance of payment institutions, preservation of value and liquidity of payment account balances, and gives other provisions.

The
Coordinating Board of the Central Bank of Brazil, in a session held on October 20, 2020, based on arts. 6, §§ 1 and 2, 9, item IX, 14 and 15 of Law No. 12,865, of October 9, 2013, and in view of art. 14 of Resolution No. 4,282 of November 4, 2013,

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This document amends: Circular No. 3681 — Regulates risk management, minimum capital requirements, governance of payment institutions, preservation of value and liquidity of balances in payment accounts, and other provisions

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