BCB Resolution No. 515 — Amends Resolution BCB No. 443 of December 12, 2024, regarding the dynamic collection slip payment arrangement

RESOLUTION
BCB NO. 515, OF OCTOBER 21, 2025

Amends Resolution BCB No. 443, of December 12, 2024, which regulates the payment arrangement for the collection slip, the species of the collection slip instrument, its issuance and forms of presentation, as well as the method of settlement of fund transfers associated with it.

The Collegiate Board of Directors of the Central Bank of Brazil, in a session held on October 21, 2025, based on arts. 9 and 11, caput, item VI, of Law No. 4,595, of December 31, 1964, art. 10 of Law No. 10,214, of March 27, 2001, and art. 9 of Law No. 12,865, of October 9, 2013, and in view of the provisions of arts. 4 and 12 of CMN Resolution No. 4,952, of September 30, 2021, Resolution No. 4,557, of February 23, 2017, and BCB Resolution No. 150, of October 6, 2021,

R E S O L V E:

Art. 1º Resolution BCB No. 443, of December 12, 2024, published in the Official Gazette of the Union on December 16, 2024, shall enter into force with the following alterations:

“Art. 5º ...................................................................................................................................

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§ 1º-A The Central Bank of Brazil may define, according to the linked financial asset, the option for the common collection slip to be converted into a dynamic collection slip.

§ 2º In cases where the conversion referred to in § 1º-A is applicable, the following requirements must be observed:

I - the conversion must occur without the need for physical exchange of the collection slip or change in its identification code; and

II - the issuing institution must identify, prior to conversion, by consulting the bookkeeping agent, registrar entity, or central depository, the existence of the financial asset subject to bookkeeping, registration, or deposit to which the converted collection slip must necessarily be linked.” (NR)

“Art. 12. Information regarding dynamic collection slips shall be shared electronically between issuing institutions and bookkeeping agents, registrar entities, or central depositories with which the beneficiary, original creditor, has a contractual relationship, for the purpose of:

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§ 1º The sharing of information referred to in the caput must be carried out:

I - in a centralized manner, between the institution operating the settlement system referred to in art. 17 and the shared platform established by bookkeeping agents, registrar entities, or central depositories.

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§ 3º The informational content of the dynamic collection slip made available to bookkeeping, registration, or centralized deposit systems must contain all data made available to participants in the collection slip arrangement, including updates resulting from events related to the lifecycle of the collection slip, regardless of whether the collection slip is linked to a financial asset.” (NR)

“Art. 12-A. The operation of the dynamic collection slip, for each type of financial asset, must be structured based on the following guidelines:

I - the institution operating the settlement system of the collection slip arrangement must ensure compliance with the provisions of art. 11, including informing the issuing institution of any error in the registration of common collection slips in the centralized database, whenever the issuance of these collection slips is out of compliance with the provisions of art. 11;

II - the timeframes, conditions, and service level agreements for the exchange of information between the institution operating the settlement system of the collection slip arrangement and the shared platform established by bookkeeping agents, registrar entities, or central depositories of financial assets must be, at a minimum, equivalent to those defined in the collection slip arrangement convention, as parameters for the operation of this arrangement;

III - the information flow between the institution operating the settlement system of the collection slip arrangement and the shared platform established by bookkeeping agents, registrar entities, or central depositories must be bilateral, initiated by both parties, allowing both the sending and receiving of information and data necessary for the safe and efficient operation of the dynamic collection slip;

IV - all regulations, manuals, and other operational documents associated with the operation of the collection slip arrangement, including those related to the centralized database, must be kept updated and available to bookkeeping, registration, or centralized deposit systems of financial assets eligible for use of the dynamic collection slip, from the beginning of the development of the connection between the arrangement and the shared platform established by bookkeeping agents, registrar entities, or central depositories and such systems;

V - the settlement system of the collection slip arrangement must contain records that allow tracking events related to the link between the dynamic collection slip and the financial asset; and

VI - the institution operating the settlement system of the collection slip arrangement that also provides services as a bookkeeping agent, registrar entity, or central depository of financial assets eligible for linkage via the dynamic collection slip must, in providing these services, observe the same systematic for exchanging information with the settlement system of the collection slip arrangement used by other bookkeeping agents, registrar entities, or central depositories of these assets.” (NR)

“Art. 13. An instructional norm of the Central Bank of Brazil shall specify:

I - the types of financial assets eligible for linkage to dynamic collection slips;

II - the schedules related to the implementation of the dynamic collection slip, for each financial asset; and

III - the rules and minimum requirements applicable to test cycles and the homologation process related to the implementation of the dynamic collection slip, according to the type of financial asset, to be conducted by participants in the arrangement and by entities signatories of conventions or specific operational agreements regarding each eligible financial asset.” (NR)

“Art. 20. ..................................................................................................................................

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V-A - the offering of services and functionalities enabled by the use of data and information obtained through the provision of the settlement service or the operation of the centralized database;

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“Art. 24-A. The offering of services and functionalities enabled, directly or indirectly, by the data and information of end-users of the collection slip arrangement, obtained through the provision of the settlement service or the operation of the centralized database, must be carried out in an impartial and non-discriminatory manner.” (NR)

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

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