BCB Resolution No. 549 — Amending Annex II to BCB Resolution No. 108 Regarding Administrative Timelines for Economic Activity Licensing

Resolution No. 549

BCB RESOLUTION NO. 549, OF FEBRUARY 19, 2026

Amends Annex II to BCB Resolution No. 108, of June 24, 2021, which establishes specific deadlines for the different phases of administrative processes for the release of economic activity within the scope of the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 19, 2026, based on the provisions of Article 10, paragraph 4, of Decree No. 10,178, of December 18, 2019, Articles 2, 4, 5, sole paragraph, 7, 8, and 9 of Law No. 14,478, of December 21, 2022, Articles 1 and 2 of Decree No. 11,563, of June 13, 2023, and Article 4 of BCB Resolution No. 519, of November 10, 2025,

RESOLVES:

Art. 1. Annex II to BCB Resolution No. 108, of June 24, 2021, published in the Official Gazette of the Union on June 28, 2021, shall enter into force as per the annex to this Resolution.

Sole Paragraph. The provisions of this Resolution apply to requests for authorization to operate virtual asset service providers filed with the Central Bank of Brazil from the entry into force of BCB Resolution No. 519, of November 10, 2025.

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

GILNEU
FRANCISCO ASTOLFI VIVAN
Director of Organization of the Financial System and Resolution

ANNEX TO BCB RESOLUTION NO. 549,
OF FEBRUARY 19, 2026

Annex II to BCB Resolution
No. 108, of June 24, 2021

Item

Request related to a public act releasing the economic activity requested from the Central Bank of Brazil

Phases

Deadline

(days)

Financial Market Systems – FMS

Operation of a settlement system, including its regulation

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Exercise of the activity of centralized deposit of financial assets, including the system regulation

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Exercise of the activity of registration of financial assets, including the system regulation

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Changes to the system regulation that provide for the inclusion of financial assets in the list subject to centralized deposit

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Changes to the system regulation that provide for the inclusion of financial assets in the list subject to registration

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Changes to the system regulation that provide for the exclusion of financial assets from the list subject to centralized deposit

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Changes to the system regulation that provide for the exclusion of financial assets from the list subject to registration

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Cancellation of authorization for the operation of a settlement system

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Cancellation of authorization for the exercise of activities of centralized deposit of financial assets

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Cancellation of authorization for the exercise of activities of registration of financial assets

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Changes to FMS and their regulations that represent relevant risk to their safety and efficiency, or to the solidity and normal operation of the Brazilian Payments System or the National Financial System

Phase 1 - Analysis of the proposal

280

Phase 2 - Analysis of the implementation of the proposal

80

Virtual Asset Service Providers

Authorization for the operation of virtual asset service provider companies that are already in operation

Phase 1

360

Phase 2

720