BCB Resolution No. 431 — Amends BCB Resolution No. 260 of November 22, 2022, regarding internal control systems of consortium administrators, payment institutions, securities brokerage firms, securities distribution companies, and foreign exchange brokerage societies

This resolution amends Article 5 of BCB Resolution No. 260/2022 by adding specific internal control requirements for consortium administrators, payment institutions, securities brokerage firms, securities distribution companies, and foreign exchange brokerage societies. The amendments mandate periodic security tests for information and technology systems and require measures to ensure the provision of correct documents, data, and information within established legal deadlines, including the implementation of an information quality verification process. This verification process must include specific quality tests. The resolution enters into force on January 1, 2025.

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Resolution No. 431

RESOLUTION
BCB NO. 431, OF NOVEMBER 13, 2024

Amends
BCB Resolution No. 260, of
November 22, 2022, which provides for the internal control systems of consortium administrators, payment institutions, securities brokerage firms, securities distribution companies, and foreign exchange brokerage societies authorized to operate by the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on November 13, 2024, based on arts. 9º-A of Law No. 4,728, of July 14, 1965, 6º and 7º, caput, item III, of Law No. 11,795, of October 8, 2008, 9º, caput, items II and IX, clause “b”, and 15 of Law No. 12,865, of October 9, 2013,

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This document amends: Resolution BCB No. 260 — Provides for the internal control systems of consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign exchange brokerage firms

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