Regulatory Alerts2025-11-28 | Resolução Conjunta 16Joint Resolution No. 16 — Regulates the Provision of Banking as a Service (BaaS) by Financial Institutions and Payment Institutions
The Central Bank of Brazil and the National Monetary Council issued Joint Resolution No. 16 to regulate the provision of Banking as a Service (BaaS) by financial institutions and payment institutions. The resolution defines BaaS scope, mandates strict risk management and due diligence for service providers, and prohibits entities from acting as exclusive intermediaries for specific account types or using misleading financial terminology. It establishes comprehensive contractual obligations, including data security, transparency, and clear delineation of responsibilities to ensure regulatory compliance and consumer protection.
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