Central Bank of Brazil Instruction Normative No. 383 — Amends Instruction Normative No. 32 to require new periodic information from Pix participants

CENTRAL BANK OF BRAZIL INSTRUCTION NORMATIVE NO.
383, OF MAY 18, 2023

Amends Instruction Normative BCB No. 32, of October 26, 2020, which establishes the format, frequency, and information to be provided by Pix participants, to insert new information that must be sent periodically.

The Head of the Department of Competition and Financial Market Structure (Decem), in the exercise of the powers conferred by Articles 23, item I, letter “a”, and 97-A, item X, of the Internal Regulations of the Central Bank of Brazil, attached to Ordinance No. 84,287, of February 27, 2015, and having regard to the provisions of Article 99 of the Regulation attached to Resolution BCB No. 1, of August 12, 2020,

RESOLVES:

Article 1. Annex I to Instruction Normative BCB No. 32, of October 26, 2020, shall enter into force with the following wording:

“The following information must be sent periodically by Pix participants:

I - information on transactions:

a) year;

b) period;

c) number of transactions;

d) financial amount of transactions;

e) cash financial amount;

f) detail of transactions; and

g) purpose of transactions.

II - information on returns:

a) year;

b) period;

c) number of returns; and

d) financial amount of returns.

III - information on transactions subject to precautionary blocking:

a) year;

b) period;

c) number of transactions subject to precautionary blocking;

d) financial amount of transactions subject to precautionary blocking; and

e) detail of transactions subject to precautionary blocking.

IV - information on revenue earned from fees on transactions:

a) year;

b) period;

c) financial amount of revenue from fees on transactions; and

d) source of revenue.

V - information on transaction times:

a) year;

b) period;

c) 50th percentile of the time related to the payer user experience of transactions settled in the Instant Payment System (SPI);

d) 99th percentile of the time related to the payer user experience of transactions settled in the SPI;

e) 50th percentile of the time related to the payer user experience of transactions settled outside the SPI;

f) 99th percentile of the time related to the payer user experience of transactions settled outside the SPI; and

g) maximum time between the activation of precautionary blocking and the conclusion of the process.

VI - information on DICT times:

a) year;

b) period;

c) 99th percentile of the payer user time in the DICT query;

d) 95th percentile of the time to send the code to email or mobile phone number in key registration;

e) 95th percentile of the time related to the payer user experience in key registration;

f) 95th percentile of the time related to the payer user experience in key deletion;

g) 95th percentile of the time elapsed between the receipt (acknowledge) in the DICT and the notification to the donor user in a logged-in environment (portability or claim of possession process);

h) 95th percentile of the time elapsed between the user action (confirmation or cancellation) and the sending of the information to the DICT (portability or claim of possession process); and

i) 95th percentile of the time elapsed between the user complaint in a service channel provided by the participant and the opening of the infringement notification.

VII - information on DICT queries:

a) year;

b) period; and

c) number of queries to the participant’s internal database.

VIII - information on participant availability:

a) year;

b) period; and

c) participant availability index.” (NR)

Article 2. This Instruction Normative enters into force on February 1, 2024.

Angelo José Mont Alverne Duarte
Head of the Department of Competition and Financial Market Structure

NOTE

Decree No. 10,411, of June 30, 2020, provides for the mandatory implementation of regulatory impact analysis (AIR) for the issuance of normative acts of general interest produced by the organs and entities of the direct and indirect federal public administration.

However, as defined in paragraph 8 of Vote 280/2021–BCB, of November 10, 2021, the Pix Regulation, including other documents that integrate, detail, or complement it, do not constitute a regulatory act of coercive force, but rather have an eminently contractual nature. Thus, modifications made to said regulation and to other documents that integrate, detail, or complement it are not subject to the prior production of AIR.

Angelo José Mont Alverne Duarte
Head of the Department of Competition and Financial Market Structure