BCB Resolution No. 425 — Amending the Pix Payment Arrangement Regulation

BCB RESOLUTION NO. 425, OF OCTOBER 16, 2024

Amends the regulation annexed to BCB Resolution No. 1, of August 12, 2020, which governs the functioning of the Pix payment arrangement, to adjust provisions related to the adherence, orderly exit, and exclusion processes of the arrangement, and to adjust, for the sake of clarity, the wording of provisions related to account blocking, infringement notifications, transaction rejection, and the offer of Scheduled Pix.

The Collegiate Board of the Central Bank of Brazil, in a session held on October 16, 2024, based on art. 10, caput, item IV, of Law No. 4.595, of December 31, 1964, art. 10 of Law No. 10.214, of March 27, 2001, arts. 6, 7, 9, 10, 14 and 15 of Law No. 12.865, of October 9, 2013, Resolution No. 4.282, of November 4, 2013, Communication No. 32.927, of December 21, 2018, and Communication No. 34.085, of August 28, 2019,

R E S O L V E:

Art. 1 The regulation annexed to BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020, shall enter into force with the following alterations:

“Art. 10. Pix participants that offer transactional accounts to end-user natural persons must:

I - make available the possibility of scheduling a transaction or recurring transactions; and

II - observe, at a minimum, the functionalities defined in the Minimum Requirements Manual for User Experience.

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(NR)

“Art. 11-U.
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II - the rules regarding subsequent attempts to send the payment order for Automatic Pix, in cases where the order is not sent due to:

a) insufficient funds in the payer user's transactional account;

b) no available transactional limit; or

c) operational failure;

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IV - the procedures that must be observed by the participants involved in a transaction regarding Automatic Pix for sending the payment instruction and the payment order, including aspects related to its scheduling;

V -
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f) the date scheduled for the first payment; and

VI - the rules regarding the making of new payment attempts for the charge, by sending new payment instructions by the payment service provider of the receiving user, in case the payment order is not sent for settlement on the date scheduled in the original instruction.” (NR)

“Art. 25. In addition to adherence to the terms of this Regulation, to participate in Pix, the institution must obtain approval from the Central Bank of Brazil regarding compliance with the requirements of the Pix adherence process.

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(NR)

“Art. 25-A. The Pix adherence process, referred to in art. 25, comprises the following stages:

I - pre-registration;

II - registration;

III - homologation; and

IV - restricted operation.

§ 1 The pre-registration stage consists of organizing in a service queue all adherence requests filed with the Central Bank of Brazil.

§ 2 The registration stage comprises the sending of information regarding the identification of the institution, the intended participation modality in Pix, the intended participation modality in SPI, the option for the form of access to the DICT, among others established by the Central Bank of Brazil, at its discretion.

§ 3 The homologation stage comprises tests and procedures to prove technical, technological, and operational capacity.

§ 4 The restricted operation stage corresponds to the offer of Pix to a limited number of clients during the initial period of the institution's participation in the transactional account provider modality.

§ 5 The detailing of the requirements, procedures, forms, and deadlines related to the adherence process and its stages shall be established in a specific document published by the Central Bank of Brazil.

§ 6 Credit-only cooperatives, affiliated with the central credit cooperative, that are requesting adherence to Pix and that have as liquidator in the SPI an entity of the cooperative system organized in two or three levels that is a participant of Pix, may be exempted from complying with the restricted operation stage.

§ 7 Institutions in the restricted operation stage will be active in the Pix production environment and, therefore, subject to the same obligations reserved for institutions in full operation, except for the availability of Pix to a limited number of users.” (NR)

“Art. 30.
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§ 1 Institutions with mandatory participation in Pix may request voluntary withdrawal only in cases where they send communication to the Central Bank of Brazil, through the Central Bank of Brazil Digital Protocol, informing the intention to cease their activity of issuing electronic money or capturing on-demand resources.

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§ 4 The communication referred to in § 1:

I - must contain, at a minimum, the following information:

a) the scheduled date for the cessation of activity; and

b) the plan and schedule for the closure of held transactional accounts; and

II - must be made simultaneously with the request for orderly exit, according to a specific document published by the Central Bank of Brazil.

§ 5 Pix participant institutions that have obtained approval for an orderly exit request are exempted:

I - from developing new functionalities and new products whose implementation date is subsequent to the notification of withdrawal to the Central Bank of Brazil; and

II - from carrying out homologation tests related to new functionalities and new products.” (NR)

“Art. 31.
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III - its contract with the responsible participant is terminated, without substitution having occurred within the notification period provided for in art. 29;

IV - its request for authorization to operate is denied or archived by the Central Bank of Brazil, when no further appeal is possible; or

V - its authorization to operate is revoked or cancelled, ex officio, by the Central Bank of Brazil.

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(NR)

“Art. 39.
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IV - there is an inconsistency between the payment order sent by the payment service provider of the payer user and the parameters assigned to the charge that originated it in a transaction regarding Automatic Pix, except when the transaction is initiated through a payment transaction initiation service.” (NR)

“Art. 78-G.
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Sole paragraph. Infringement notifications that are accepted by the participant will generate, in the DICT, a marking as suspected fraud of the Pix keys and the CPF or CNPJ registration numbers of the receiving user.” (NR)

“Art. 89.
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§ 2 Except for the purpose of carrying out transactions regarding refunds, referred to in Chapter XI, Pix transactions cannot be initiated or received by an account involved in a transaction with an accepted infringement notification, in accordance with Chapter XIII, Section III, Subsection IX.

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§ 10 The prohibition referred to in § 2 must be evaluated by the participant in case of customer complaint, and the restriction on movement must be suspended if the participant considers that the accepted infringement notification should be cancelled.” (NR)

“Art. 101.
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§ 2 After the period established in the caput, the application to be made available by the participant to end-users must have been approved in the homologation process regarding the verification of adherence of the solutions developed for end-users.” (NR)

Art. 2 The following provisions of the regulation annexed to BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020, are hereby repealed:

I - art. 10, sole paragraph;

II - art. 11-S, § 4;

III - art. 25, §§ 1, 2 and 3; and

IV - art. 89, § 5.

Art. 3 This Resolution enters into force on the date of its publication, producing effects:

I - from November 1, 2024, for the provisions that amend art. 89 of the regulation annexed to BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020; and

II - immediately, for the other provisions.

RENATO
DIAS DE BRITO GOMES

Director of Organization of the Financial System and Resolution