RegAlert2021-04-14 | Resolução BCB 86Added
BCB Resolution No. 86 — Amending BCB Resolution No. 32 of October 29, 2020, on Technical Requirements and Operational Procedures for Open Banking Implementation
BCB Resolution No. 86 amends Resolution No. 32 to update the technical and operational requirements for Open Banking in Brazil. It mandates that data-transmitting institutions disclose the last update and sharing timestamps, and sets maximum data staleness limits of five minutes for deposit/payment account balances and transactions, and one hour for other data. The resolution expands participant obligations to include privacy, dispute resolution, and potential governance cost contributions, while requiring a governance manual detailing API availability and performance metrics. It establishes an API testing environment for functional and non-functional testing, and introduces a Customer Experience Manual with a standardized guide for consent, authentication, and confirmation, including specific rules for joint accounts where only the consenting holder's data is shared unless all holders authorize transactional data access.
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Resolution No. 86
BCB RESOLUTION
No. 86, OF APRIL 14, 2021
Amends BCB Resolution No. 32, of October 29, 2020, which establishes the technical requirements and operational procedures for the implementation in the Country of the Open Banking Financial System.
The Collegiate Board of the Central Bank of Brazil, in a session held on April 14, 2021, based on arts. 9 of Law No. 4.595, of December 31, 1964, 9, item II, of Law No. 12.865, of October 9, 2013, 46, item I, and 51, items I, II and IX, of Joint Resolution No. 1, of May 4, 2020, and having in view the provisions of art. 1º-A of Circular No. 4.032, of June 23, 2020,
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Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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