RegAlert2023-02-23 | Resolução BCB 294Added
BCB Resolution No. 294 — Amends BCB Resolution No. 32 of October 29, 2020, establishing technical requirements and operational procedures for the implementation of Open Finance in Brazil
This resolution amends BCB Resolution No. 32/2020 to update definitions, establish registration deadlines for mandatory participants within ten business days of classification, and require voluntary participants to register before sharing data or payment initiation services. It introduces a compliance plan mechanism for institutions unable to meet initial deadlines, mandates the Governance Structure to maintain a participant directory, a 24/7 support channel, a public portal, an API testing environment, and a dispute resolution platform. The regulation also defines the content of specific Open Finance manuals, prohibits offering products during the consent process to prevent barriers to data sharing, and establishes forums for technical standard discussions.
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BCB RESOLUTION NO. 294, OF FEBRUARY 23, 2023
Amends BCB Resolution No. 32, of October 29, 2020, which establishes the technical requirements and operational procedures for the implementation in the Country of the Open Finance System.
The Collegiate Board of the Central Bank of Brazil, in a session held on February 23, 2023, 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, items I, II and IX, of Joint Resolution No. 1, of May 4, 2020, and having in view the provision of art. 1º-A of Circular No. 4.032, of June 23, 2020,
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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
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