BCB Resolution No. 506 of September 26, 2025 — BCB — BR

BCB RESOLUTION
NO. 506, OF SEPTEMBER 26, 2025

Amends BCB Resolution No. 1, of August 12, 2020, which establishes the Pix payment arrangement and approves its regulations, to adjust provisions related to the authorization criteria for payment institutions not authorized to operate by the Central Bank of Brazil and that are participants of Pix; and amends the regulation annexed to BCB Resolution No. 1, of August 12, 2020, which disciplines the operation of the Pix payment arrangement, to improve the arrangement's security mechanisms and to adjust provisions regarding penalties applicable to Pix participants.

The Collegiate Board of Directors of the Central Bank of Brazil, in an extraordinary session held on September 26, 2025, based on art. 10, caput, item IV, of Law No. 4.595, of December 31, 1964, art. 10 of Law No. 10.214, of March 27, 2001, arts. 6, 7, 9, 10, 14 and 15 of Law No. 12.865, of October 9, 2013, Resolution No. 4.282, of November 4, 2013, Communication No. 32.927, of December 21, 2018, and Communication No. 34.085, of August 28, 2019,

R E S O L V E:

Art. 1. BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020, shall enter into force with the following changes:

“Art. 3. ...................................................................................................................................

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§ 9. Payment institutions not authorized to operate by the Central Bank of Brazil and that are participants of Pix, that are in the process of joining Pix or that submit an application for joining Pix until December 31, 2024, must, as a condition for participation in Pix, request authorization to operate from the Central Bank of Brazil, in accordance with Resolutions BCB nos. 80 and 81, both of March 25, 2021, according to the following deadlines:

I - until March 31, 2025, for payment institutions that joined Pix until December 31, 2022;

II - between April 1, 2025 and December 31, 2025, for payment institutions that joined Pix between January 1, 2023 and June 30, 2024; and

III - between January 1,
2026 and May 1, 2026, for other payment institutions that are participants of Pix or are in the process of joining Pix.

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§ 14. The presentation of comparative financial statements, semi-annual and annual, is permitted for the first year of observation of the accounting and audit regulation, provided for in § 5, item I, letter “e”. ” (NR)

Art. 2. The regulation annexed to BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020, shall enter into force with the following changes:

“Art. 16. ..........................................................................................................................

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§ 2. The Pix brand usage license is revoked in the cases of:

I - voluntary withdrawal of the participant, in accordance with art. 30; or

II - loss of participant status, in accordance with art. 31.

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(NR)

“Art. 25-A. ..............................................................................................................................

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§
8. Institutions in the process of joining Pix will be considered participants as soon as they enter full operation, on the day following that scheduled for the end of restricted operation.

§ 9. Pix participant institutions and institutions in the process of joining Pix that have completed the homologation stage must have a registration in the Central Bank of Brazil Electronic Mail System – BC Correio, as provided in the current regulation.” (NR)

“Art. 27. .................................................................................................................................

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IV - ..........................................................................................................................................

a) any of the hypotheses provided for in art. 31; and

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(NR)

“Section V
Of the loss of participant status

Art. 31. Loses the status of Pix participant the institution that:

I - is submitted to a process of extrajudicial liquidation, ordinary liquidation or bankruptcy;

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does not observe the minimum limits of share capital and net worth referred to in art. 3-A of BCB Resolution No. 1, of August 12, 2020;

VII - does not request authorization to operate from the Central Bank of Brazil according to the deadlines provided for in art. 3, § 9, of BCB Resolution No. 1, of August 12, 2020, and in art. 9-A of Resolution BCB No. 80, of March 25, 2021; or

VIII - suffers a penalty of exclusion from Pix in a final decision.

§ 1. The withdrawal resulting from the loss of participant status will be carried out:

after the deadline has elapsed:

a) for cessation of payment services provided for in art. 17 of BCB Resolution No. 81, of March 25, 2021, in the cases set out in item IV of the caput;

b) granted by the Central Bank of Brazil to prove compliance with the minimum limits of share capital and net worth, in the cases set out in item VI of the caput, in situations where the minimum limits remain unobserved; and

c) established in art. 26 of the Pix Penalties Manual, in the case set out in item VIII of the caput; or

immediately, for other cases.

§ 2. Even after the loss of participant status, the institution remains responsible for events that occurred during its participation in Pix that give rise to dispute resolution processes or investigation of non-compliance with this Regulation.” (NR)

“Art.
37. Pix participants may only establish value limits for transactions based on fraud mitigation criteria and infringement of anti-money laundering and counter-terrorism financing regulations, considering the characteristics and profile of the paying user.

.......................................................................................................................................”
(NR)

“Art.
39-C. For the purposes of evaluating suspicion of fraud or well-founded suspicion of fraud in Pix transactions, participants must adopt, at a minimum, the criteria indicated by the Central Bank of Brazil, to be disclosed in a specific document.” (NR)

“Art. 51. The penalty of exclusion, the loss of participant status or the suspension of participation in Pix implies the immediate exclusion or suspension of access to DICT, including for indirect access purposes.” (NR)

“Art. 56. ..........................................................................................................................

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§ 3. The Pix participant must reject a request to register a Pix key in the case of a user with a notification of infringement for marking transactional fraud registered in DICT by the participant itself, in accordance with art. 78-HA, and must communicate the reason for the rejection to the user.” (NR)

“Art. 68. ..........................................................................................................................

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§ 1. .........................................................................................................................................

§ 2. The participant must not request the portability of a Pix key in DICT if the requester is a user associated with an infringement notification accepted by this participant or with an infringement notification for marking transactional fraud created by the participant itself, in accordance with Chapter XIII, Section III, Subsection IX.” (NR)

“Art. 70. ..........................................................................................................................

§ 1. .........................................................................................................................................

§ 2. The participant must not claim possession of a Pix key in DICT if the requester is a user associated with an infringement notification accepted by this participant or with an infringement notification for marking transactional fraud created by the participant itself, in accordance with Chapter XIII, Section III, Subsection IX.” (NR)

“Art. 78-HA. The participant may create an infringement notification for marking transactional fraud, which allows marking the CPF or CNPJ of its client who is involved in an episode of fraud related to a specific Pix transaction.” (NR)

“Art. 89. ..........................................................................................................................

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§ 2. The participant that accepts an infringement notification or that creates an infringement notification for marking transactional fraud must reject all Pix transactions that have the user involved in the notification as payer or as payee, as well as the account involved in the notification, except for the realization of transactions regarding refunds, which are dealt with in Chapter XI.

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(NR)

“Section I

Of adherence verification

Art. 91-A. ........................................................................................................................

The participant submitted to the verification referred to in the caput must provide, within the established deadline, the information and documentary evidence requested by the Central Bank of Brazil.

§ 2. The Central Bank of Brazil may, at its discretion, grant an extension of the deadlines established in the verification referred to in the caput, upon reasoned request sent by the participant before the respective deadlines expire.” (NR)

“Art.
91-B. ...............................................................................................................................

§ 1. .........................................................................................................................................

implement corrective measures to prevent the recurrence of non-compliance;

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§
2. Within the scope of the notification referred to in the caput, the Central Bank of Brazil may request the presentation, by the Pix participant, of an action plan that includes the schedule for implementing the corrective measures necessary to prevent the recurrence of the occurrence characterizing non-compliance with the Pix Regulation and that meets the compliance deadlines determined.

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§ 6. The participant notified about the occurrence of non-compliance with this Regulation may present an appeal, within five business days, without suspensive effect, submitting to the Central Bank of Brazil documentary evidence that proves that:

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the participant did not cause the occurrence subject to the notification.

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§
8. In the event that the non-compliance, total or partial, with the provisions of this Regulation also constitutes an infringement of the regulation of the National Financial System or of the Brazilian Payments System, the notification referred to in the caput may be suspended.

§ 9. The notification referred to in the caput will be sent, preferably, by means of the Central Bank of Brazil Electronic Mail System – BC Correio.

§ 10. The Central Bank of Brazil may send the notification referred to in the caput to the electronic addresses provided by the participant for matters related to Pix.

§ 11. The participant is considered notified:

I - on the date of receipt of the notification in BC Correio;

II - on the sixth day subsequent to the day of sending the notification in BC Correio, if the participant does not access it within this deadline; or

III - on the sixth day subsequent to the day of sending the notification to the electronic addresses provided by the participant for matters related to Pix.

§
12. From the decision that judges the appeal referred to in § 6, an appeal may be filed, within five business days, without suspensive effect.” (NR)

“Art.
91-C. Failure to comply, within the established deadline, with the determinations of the Central Bank of Brazil contained in the notification referred to in art. 91-B may subject the participating institution to the payment of a fine per day of delay.

§ 1. The daily fine will accrue from the first business day following the end of the deadline established by the Central Bank of Brazil for compliance with the determinations.

§ 2. The fine will be applied per calendar day.

§ 3. The daily fine will cease when the participating institution proves, at the discretion of the Central Bank of Brazil, compliance with the determinations established by it.

§ 4. The fine will have incidence limited to sixty days.

§ 5. The fine must be paid by deposit to the Central Bank of Brazil, within ten days, counted from the date of the notice for payment.

§ 6. The base value of the fine is fixed at R$10,000.00 (ten thousand reais) per calendar day.

§ 7. The final value of the fine will correspond to its base value multiplied by:

I - one, if the total assets of the participant are less than or equal to R$10,000,000.00 (ten million reais);

II - two, if the total assets of the participant are greater than R$10,000,000.00 (ten million reais) and less than or equal to R$100,000,000.00 (one hundred million reais);

III - three, if:

a) the total assets of the participant are greater than R$100,000,000.00 (one hundred million reais) and less than or equal to R$1,000,000,000.00 (one billion reais); or

b) the participant has not provided its total assets;

IV - five, if the total assets of the participant are greater than R$1,000,000,000.00 (one billion reais) and less than or equal to R$10,000,000,000.00 (ten billion reais);

V - ten, if the total assets of the participant are greater than R$10,000,000,000.00 (ten billion reais) and less than equal to R$100,000,000,000.00 (one hundred billion reais);

VI - fifteen, if the total assets of the participant are greater than R$100,000,000,000.00 (one hundred billion reais) and less than equal to R$1,000,000,000,000.00 (one trillion reais); or

VII - twenty, if the total assets of the participant are greater than R$1,000,000,000,000.00 (one trillion reais).

§ 8. The daily fine may be applied only in cases where it is expressly provided for in the notification referred to in art. 91-B.

§ 9. After sixty days, counted from the first day of application of the fine, the participating institution that has not proven, at the discretion of the Central Bank of Brazil, compliance with the determinations established by it may be subject to the application of precautionary suspension.

§ 10. The decision that applies the fine for non-compliance with the determinations may be subject to an appeal, within five business days, without suspensive effect.

§ 11. From the decision that judges the appeal referred to in § 10, an appeal may be filed, within five business days, without suspensive effect.” (NR)

“Section
II

Of the applicable penalties

Art.
92. Pix participants are subject to the penalties provided for in this Regulation, through a process of investigating non-compliance with this Regulation and as provided for in the Pix Penalties Manual, in the event of total or partial non-compliance with the provisions of this Regulation.

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§ 2. The penalties referred to in art. 93, caput, items I and II, will not be applied if the investigation resulting from the infringement of the regulation of the National Financial System or of the Brazilian Payments System results in the application of a penalty or the signing of a commitment term, or if there is a decision that recognizes the non-authorship of the conduct.

.......................................................................................................................................” (NR)

“Art.
93. ..........................................................................................................................

I - warning;

II - fine; and

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(NR)

“Art.
93-A. The Central Bank of Brazil may dispense with the instigation of the process of investigating non-compliance with this Regulation if the following conditions are met, cumulatively:

I - there is the cessation of non-compliance, by the participant, prior to the opening of the process of investigating non-compliance;

II - there is the repair, by initiative of the participant, of any damages caused to other participants or to Pix users, resulting from the ceased non-compliance, when applicable; and

III

the conduct is provided for in art. 14 or in art. 18, caput, item I, of the
Pix Penalties Manual.

§ 1. The provision of the caput does not apply when there is recurrence of the same non-compliance by the participant in a period of less than twelve months.

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§
3. The participant will be informed whenever the Central Bank of Brazil dispenses with the instigation of the process referred to in the caput.” (NR)

“Art.
93-B. The optional participant that is notified twice within an interval of twelve consecutive months, in accordance with art. 91-B, due to the identification of the conduct provided for in art. 18, caput, item I, letter “a”, item 1, of the Pix Penalties Manual, may request, within fifteen days, its ordered exit from the arrangement.

Sole Paragraph. The ordered exit of the participant as provided for in the caput will entail the dispensation of the instigation of the process of investigating non-compliance with this Regulation.” (NR)

“Art.
94. In the process of investigating non-compliance that will define the application of the penalties referred to in this Chapter, the Central Bank of Brazil will observe the participant's right to due process and full defense and will follow the procedure and conditions established in the Pix Penalties Manual.” (NR)

“Art. 94-A. The institution excluded from Pix as a result of the application of a penalty may only submit a new application for joining after sixty months of its exclusion, provided it proves the cessation of the practice or situation that motivated the penalty.” (NR)

“Art.
95-A. Precautionary suspension may be applied, at any time, to the Pix participant whose conduct is putting at risk the regular functioning of the payment arrangement, at the discretion of the Central Bank of Brazil.

Once the precautionary suspension is determined, the Central Bank of Brazil will instigate, within sixty days, a process of investigating non-compliance with the Pix Regulation, in the manner provided for in art. 94, except for the provisions of art. 93-A.

§
2. The precautionary suspension will have immediate effect and will last until the final decision within the scope of the process of investigating non-compliance with the Pix Regulation.

§
3. The precautionary suspension may be reviewed, ex officio or at the request of the participant, if the circumstances that determined it cease.

§
4. The precautionary suspension may be applied only to prevent the participant's access to DICT, if the conduct that motivated it represents a risk only to aspects related to this component.” (NR)

“Section VI

Of the dispensation of instigation of the process of investigating non-compliance with this Regulation for the application of the penalties provided for in art. 93, caput, items I and II

Art.
113. The instigation of the process of investigating non-compliance with this Regulation is dispensed with for non-compliances that, in theory, would entail the application of the penalties provided for in art. 93, caput, items I and II, provided that:

the non-compliances were committed in the period between November 3, 2020 and November 15, 2021;

there is the cessation of non-compliance, within a deadline to be established by the Central Bank of Brazil in a specific document, unequivocally proven by the participant; and

III

an alternative measure is adopted, by initiative of the participant, involving, at a minimum, the remediation of the irregularity, the implementation of measures to prevent its recurrence and the repair of any damages.

The provision of the caput does not apply in cases where the participant incurs, in a recurrent manner, the non-compliance.

.......................................................................................................................................”
(NR)

Art. 3. The following provisions are revoked:

I - art. 3, § 9, item II, letters “a”, “b” and “c”, of BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020; and

II - of the Regulation annexed to
BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020:

a) art. 31, sole paragraph, item III;

b) art. 31-A;

c) art. 37, § 1, item I;

d) art. 37, § 4, item II, letters "c" and "d";

e) art. 39-B, § 7;

f) art. 91-B, § 7;

g) art. 92, caput, items I to VIII, and § 1;

h) art. 95-A, § 4, items
I and II;

i) Chapter XXII, Section V;

j) arts. 107 to 112;

k) Chapter XXII, Section X; and

l) art. 120.

Art. 4. This Resolution enters into force on the date of its publication.

RENATO
DIAS DE BRITO GOMES

Director of Organization of the Financial System and Resolution

Lineage: No known changes