BCB Resolution No. 475 — Establishes a system for communicating restrictions on contracting in the National Financial System

Resolution No. 475

RESOLUTION
BCB No. 475, OF MAY 26, 2025

Establishes a system for communicating restrictions on contracting in the National Financial System.

The Collegiate Board of the Central Bank of Brazil, in a session held on May 20, 2025, based on arts. 10, caput, item IX, and 37 of Law No. 4,595, of December 31, 1964, 9º, caput, items II and IX, of Law No. 12,865, of October 9, 2013, and 1º, § 1º, of Complementary Law No. 130, of April 17, 2009,

R E S O L V E:

Art. 1º This Resolution establishes a system for communicating restrictions on contracting in the National Financial System.

Art. 2º An electronic system administered by the Central Bank of Brazil is hereby established, with the purpose of:

I - enabling natural and legal persons to optionally register a request so that the contracting of products and services and the alteration of the name of holders or their representatives, involving the name of the requester, are not carried out by financial institutions and other institutions authorized to operate by the Central Bank of Brazil;

II - enabling financial institutions and other institutions authorized to operate by the Central Bank of Brazil to consult data and information related to the registration referred to in item I;

III - supporting the procedures and controls of institutions related to the contracting of products and services; and

IV - providing information to the Central Bank of Brazil for monitoring and oversight purposes.

§ 1º With respect to the registration referred to in item I of the caput, the natural or legal person may carry out the inclusion, exclusion, and consultation of the request.

§ 2º The system referred to in the caput will allow registration to be carried out in a timely and free manner by natural and legal persons.

Art. 3º The request referred to in Art. 2º, caput, item I, covers the following products and services:

I - opening and maintenance of checking and savings deposit accounts; and

II - opening and maintenance of prepaid payment accounts.

Sole Paragraph. The procedures related to the contracting of the products and services referred to in the caput must observe specific regulation.

Art. 4º The Central Bank of Brazil will discipline the operational procedures necessary to comply with the provisions of this Resolution.

Sole Paragraph. The provision in the caput encompasses the detailing of parameters regarding service level agreements in the execution of the purposes of the electronic system referred to in Art. 2º.

Art. 5º This Resolution enters into force on December 1, 2025.

GILNEU FRANCISCO ASTOLFI VIVAN IZABELA MOREIRA CORREA Director of Regulation Director of Relationship, Citizenship and Conduct Supervision

RODRIGO
ALVES TEIXEIRA
Director of
Administration