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,

R E S O L V E:

Art. 1º BCB Resolution No. 198, of March 11, 2022, published in the Official Gazette of the Union on March 14, 2022, shall be amended as follows:

“Art. 4º .....................................................................................................................

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§ 4º ...........................................................................................................................

I - carry out the complete deduction of the prudential adjustment mentioned in item II of the caput for a period of twelve months after the date of authorization for operation, in the case of a single institution, or the oldest authorization date among the members of the conglomerate; and

II - carry out the deduction of 50% (fifty percent) of the prudential adjustment mentioned in item II of the caput for the period between twelve months and twenty-four months after the date of authorization for operation in the case of a single institution, or the oldest authorization date among the members of the conglomerate.

§ 5º The date of commencement of the use of the option provided for in § 4º is not altered in cases of merger, spin-off, incorporation, or change in the leadership of the conglomerate or in its composition.” (NR)

Art. 2º This Resolution enters into force on the date of its publication.

OTÁVIO RIBEIRO DAMASO

Director of Regulation