BCB Resolution No. 412 — Amends the Regulation annexed to BCB Resolution No. 195 regarding the Instant Payment System (SPI) and Instant Payment Account (Conta PI)

BCB RESOLUTION NO. 412, OF SEPTEMBER 19, 2024

Amends the Regulation annexed to BCB Resolution No. 195, of March 3, 2022, which regulates the operation of the Instant Payment System – SPI and the Instant Payment Account – Conta PI at the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on September 19, 2024, based on art. 10, caput, item IV, of Law No. 4.595, of December 31, 1964, on art. 10 of Law No. 10.214, of March 27, 2001, on arts. 9, 14 and 15 of Law No. 12.865, of October 9, 2013, on Law No. 14.185, of July 14, 2021, and on the provisions of art. 9 of CMN Resolution No. 4.952, of September 30, 2021,

R E S O L V E:

Art.
1º The Regulation annexed to
BCB Resolution No. 195, of March 3, 2022, published in the Official Gazette of the Union on March 7, 2022, shall enter into force with the following changes:

“Art. 17. ....................................................................................................................

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IV - prepare its systems to observe the principle of idempotency, defined in art. 2, caput, item XVII, in relation to messages and operations submitted to the SPI, or provided by it, so that they treat any duplicate requests by means of repeating the previous answer;

V - observe the other regulations and technical standards issued by the Central Bank of Brazil, to the extent applicable; and

VI - maintain, permanently, systems capable of processing, according to the maximum times established in the Pix Time Manual, the credit orders issued and received by its clients.” (NR)

“Art. 24-A.
The portion of the balance existing in the PI Account subject to remuneration, as provided for in art. 23-A, is limited to the greater of:

I - R$600,000,000.00 (six hundred million reais), existing in the PI Account; or

II - the sum, in reais, of the following values:

a) 50% (fifty percent) of the net resources corresponding to electronic money balances allocated at the Central Bank of Brazil, in cash and in federal public securities, to comply with the requirement for application provided for in art. 22 of BCB Resolution No. 80, of March 25 2021; and

b) 20% (twenty percent) of the arithmetic mean daily Value Subject to Collection – VSR, calculated in the calculation period relative to the movement period that contains the balance date, in the case of a participant subject to collection, in accordance with the current regulation on the rules of mandatory collection on demand funds.

§ 1º The value of the average VSR used in the calculation of item II, letter “b”, of the caput considers the information from statements provided by institutions until the closing of the regular operations grid in the STR, on the date of the position of the portion of the balance to be remunerated.

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Art. 2º This Resolution enters into force on October 7, 2024.

GABRIEL
MURICCA GALÍPOLO
Director of Monetary Policy