BCB Resolution No. 331 — Establishes the Social, Environmental and Climate Responsibility Policy (PRSAC) for Type 3 Institutions and Actions for its Effectiveness

BCB Resolution No. 331 mandates Type 3 institutions classified in Segments 2 through 5 to establish and implement a Social, Environmental and Climate Responsibility Policy (PRSAC) tailored to their business model, risk exposure, and complexity. The regulation requires the appointment of a responsible director, the creation of an optional or mandatory committee depending on the segment, and the approval of the policy by the board of directors, with internal audit periodically evaluating the processes. Institutions must publicly disclose their PRSAC, implementation actions, and relevant economic sector restrictions on their websites, while maintaining documentation for five years and allowing the Central Bank to order improvements if controls are deemed inadequate.

BCB published 15 documents in the last 30 days — get each new one by email the day it lands.

BCB RESOLUTION NO. 331, OF JUNE 27, 2023

~~Dispenses with the Social, Environmental and Climate Responsibility Policy (PRSAC) to be established by a prudential conglomerate classified as Type 3 and with actions aimed at its effectiveness.~~

Dispenses with the Social, Environmental and Climate Responsibility Policy – PRSAC to be established by an institution classified as Type 3 and with actions aimed at its effectiveness. (Wording given, from 1/1/2025, by BCB Resolution No. 447, of 12/19/2024.)

Read the rest free, and get an email when BCB publishes again

Email me when BCB publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: Amended

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2024-12-19

2024-12-19BCBBCB Resolution No. 447 of December 19, 2024amends

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