RegAlert2024-11-11 | Resolução BCB 429Added
BCB Resolution No. 429 — Amends Pix Arrangement Regulations to Require Authorization for Participation and Establish Capital Requirements
BCB Resolution No. 429 amends the Pix payment arrangement regulations to restrict participation to institutions authorized by the Central Bank of Brazil, effective January 1, 2025. Unauthorized payment institutions currently participating or joining by December 31, 2024, must request operating authorization by specific deadlines ranging from March 31, 2025, to December 31, 2026, depending on their adherence date. Additionally, starting January 1, 2026, participants in the transactional account provider modality must maintain minimum paid-in capital stock and net worth of R$5,000,000.00, with non-compliance leading to exclusion from the system.
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Resolution No. 429
RESOLUTION
BCB No. 429, OF NOVEMBER 11, 2024
Amends Resolution BCB No. 1, of August 12, 2020, which establishes the Pix payment arrangement, and its annexed regulation, which governs the functioning of the Pix payment arrangement, to provide that only institutions authorized to operate by the Central Bank of Brazil may be participants in Pix; to establish deadlines for Pix participants or those in the process of joining who do not have operating authorization to request authorization; to establish capital stock and net worth requirements for participation in Pix; and to establish new obligations for participants without operating authorization and for participants responsible for these institutions.
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Show all related documents (10)
- Issued under
- Lei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil)1964Communication No. 32.927 dated 2018-12-21not in RegAlertCommunication No. 34.085 dated 2019-08-28not in RegAlertLaw No. 10.214 dated 2001-03-27not in RegAlertLaw No. 12.865 dated 2013-10-09not in RegAlertResolution No. 4.282 dated 2013-11-04not in RegAlert
- Refers to
- BCB Resolution No. 208 — Amends and Consolidates Normative Acts Regarding the Daily Submission of Information to the Central Bank of Brazil2022BCB Resolution No. 179 — Consolidates and revises regulations on the National Financial System Client Register (CCS)2022BCB Resolution No. 80 — Regulation of Payment Institutions2021BCB Resolution No. 81 — Regulates Authorization Processes for Payment Institutions and Payment Services2021
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