RegAlert2024-11-21 | Resolução BCB 434Added
BCB Resolution No. 434 Amending BCB Resolution No. 198 Regarding Minimum Reference Equity Requirement for Payment Institutions
This resolution amends Article 4 of BCB Resolution No. 198 to establish a phased deduction schedule for the prudential adjustment related to the minimum reference equity requirement (PRIP) for payment institutions not part of a prudential conglomerate or Type 2 conglomerates. Specifically, it mandates a complete deduction of the adjustment for twelve months following authorization and a 50% deduction between twelve and twenty-four months post-authorization. These rules apply to single institutions or the oldest authorization date among conglomerate members, with the start date remaining unchanged during mergers, spin-offs, incorporations, or leadership changes.
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RESOLUTION
BCB NO. 434, OF NOVEMBER 21, 2024
Amends BCB Resolution No. 198, of March 11, 2022, which provides for the minimum requirement of Reference Equity of Payment Institution – PRIP not part of a prudential conglomerate or of a Type 2 prudential conglomerate.
The Collegiate Board of the Central Bank of Brazil, in a session held on November 21, 2024, based on arts. 9, caput, item II, 14 and 15 of Law No. 12,865, of October 9, 2013, and taking into account the provisions of art. 14 of Resolution No. 4,282, of November 4, 2013,
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Lineage: In force
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
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