BCB Resolution No. 514 of October 21, 2025

Resolution No. 514

RESOLUTION
BCB No. 514, OF OCTOBER 21, 2025

Amends
BCB Resolution No. 264, of November 25, 2022, which provides for the registration of receivables arising from transactions within the scope of a payment arrangement based on a post-paid account and a demand deposit integrated into the Brazilian Payments System, to include procedures related to cancellation of pre-contracted anticipation, the requirement to use, for reconciliation purposes, the information made available to registration systems by centralized clearing and settlement systems, and adjustments to provisions dealing with fees and the analysis of merit of the convention.

The Collegiate Board of the Central Bank of Brazil, in a session held on October 21 2025, based on arts. 9 of Law No. 4.595, of December 31, 1964, 28, caput, item II, of Law No. 12.810, of May 15, 2013, 9, caput, items I and X, of Law No. 12.865, of October 9, 2013, and 8 of Resolution No. 4.734, of June 27, 2019, and having in view the provisions of arts. 2, caput, item II, letter “b”, of Resolution No. 4.593, of August 28, 2017, and 2, 4 and 5 of Resolution No. 4.734, of June 27, 2019,

R E S O L V E :

Art. 1 BCB Resolution No. 264, of November 25, 2022, published in the Official Gazette of the Union on November 28, 2022, shall enter into force with the following changes:

“Art. 7 Accredited institutions must:

I - request from the institution operating the registration system with which they maintain operational connection the dissolution of liens and encumbrances associated with a contract of promise of assignment of receivables of a payment arrangement or to a contract that produces equivalent effects concluded with the end user payee within two business days after receipt of the communication of rescission of the contract made by the end user payee; and

II - carry out the cancellation of pre-contracted anticipation operation on the receivables agenda within two business days after receipt of the cancellation request for the operation made by the end user payee.

§ 1 The communication of rescission and the cancellation request referred to, respectively, in items I and II of the caput may be made by a participant of the registration system, with authorization of the end user payee, through the registration system with which the accredited institution has a relationship.

§ 2 In the event of non- observance, by the accredited institutions, of the deadlines established in the items I and II of the caput for the request for the dissolution of encumbrances and liens or for the carrying out of the cancellation of the operation of pre-contracted anticipation on the receivables agenda, it shall be the responsibility of the institution operating the registration system, when the communication of rescission and the cancellation request are made in the manner referred to in § 1:

I - automatically carry out, from the next business day after the expiration of the deadline, the adjustment in the priority of the other contracts applied to the receivables agenda in relation to the contract of promise of assignment subject to rescission; and

II - inform the Central Bank of
Brazil about the non-compliance with the provision of item I or item II of the caput, on the next business day after the expiration of the respective deadlines.

§ 3 The accredited institution must inform the registration system of the end of the validity of the operation of pre-contracted anticipation on the receivables agenda on the same day of the cancellation of the operation.

§ 4 The effects of the cancellation of the pre-contracted anticipation operation will apply only to the receivables constituted associated with payment arrangement transactions carried out after the said cancellation, including for the purpose of registration of receivables.” (NR)

Art. 7 (Revoked by BCB Resolution No. 562, of 4/30/2026.)

“Art. 11. ..................................................................................................................................

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§ 3 For the purposes of the reconciliation referred to in item III of the caput, the information relating to the settlement of obligations within the scope of payment arrangements integrated into the BPS made available directly to the registration system with which the accredited institution maintains a relationship by the clearing and centralized settlement systems of which it participates, in a frequency compatible with the requirements of reconciliation and in accordance with the specific regulation of these systems.” (NR)

“Art. 15. ..................................................................................................................................

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XI - receive and send to the institutions accredited and sub-accredited the commands of the participants of the registration systems, with authorization of the end user payee, for the cancellation of pre-contracted anticipation operation or the dissolution of liens and encumbrances referred to in art. 7;

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XIII - observe the schedule established for interoperability services;

XIV - make adjustments to the priorities of the contracts registered in the manner provided for in art. 7, § 2, item I; and

XV - inform the Central Bank of Brazil, in accordance with the provisions of art. 7, § 2, item II, about the non-compliance with the duties of which art. 7, caput, items I and II are subject.

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

“Art. 17. ..................................................................................................................................

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VI - adopt the standardization referred to in art.
18, § 5, item II, with respect to the nomenclature and the method of charging fees of its direct participants relating to services and events that bear a relationship of equivalence with those provided for in the interoperability mechanism.

§ 1 Changes in the current table referred to in item I of the caput, regardless of the cause that gave rise to the change, must be communicated to the Central Bank of Brazil and to the participants with a minimum advance of thirty days from their entry into force.

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

“Art. 23. ..................................................................................................................................

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§ 9 The conventions and respective amendments submitted for approval by the Central Bank of Brazil, or communicated to this Autarchy, without observance of the provisions of art. 18 and § 8 of this article, will be returned without merit analysis, in which case the Central Bank of Brazil will set a deadline of up to ninety days for resolution of the identified pending issues, without prejudice to eventual application of the coercive and sanctioning measures provided for in the legislation.” (NR)

Art. 2 This
Resolution enters into force:

I - on May 11, 2026, with respect to the amendment of art. 11, § 3, of BCB Resolution No. 264, of November 25, 2022; and

I - on May 11
2026, with respect to the amendments of arts. 7, 11 and 15 of BCB Resolution No. 264, of November 25, 2022; and (Wording given by BCB Resolution No. 530, of 12/11/2025.)

II

• on January 5, 2026, with respect to the amendment of the other provisions.

GILNEU FRANCISCO
ASTOLFI VIVAN RENATO DIAS DE BRITO GOMES Director of Regulation Director of System Organization Financial and of Resolution