Central Bank of Brazil Instruction Normative No. 679 of October 30, 2025

CENTRAL BANK OF BRAZIL INSTRUCTION NORMATIVE NO. 679, OF OCTOBER 30, 2025

Amends Instruction Normative BCB No. 511, of August 30, 2024, which establishes the procedures necessary to apply for Pix adherence, to adjust provisions regarding the Special Refund Mechanism, pending items subsequent to the registration stage and to the signing of documents within the scope of the Pix adherence process.

The Head of the Department of Competition and Financial Market Structure (Decem), in the exercise of the attribution conferred upon him by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on art. 94, item IX, of the aforementioned Regulations, and taking into account the provisions of art. 25-A, § 5º, of the Regulation annexed to Resolution BCB No. 1, of August 12, 2020,

RESOLVES:

Art. 1º Instruction Normative BCB No. 511, of August 30, 2024, published in the Official Gazette of the Union on September 4, 2024, shall enter into force with the following alterations:

“Art. 6º ...................................................................................................................................

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§ 3º The forms submitted by the applying institution during the registration stage must be signed by the director responsible for the institution.

§ 4º Pending items from the registration stage identified after its completion subject the applying institution to denial.” (NR)

“Art. 20-A. ..............................................................................................................................

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XIV - .........................................................................................................................................

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c) director responsible for the RDR system;

XV - formal validation tests of the messaging related to the sending of settled Pix transactions in the systems of the participants themselves, directed to all institutions adhering in the transactional account provider modality; and

XVI - formal validation tests of the DICT value recovery functionality, directed to all adhering institutions that wish to access the DICT directly.” (NR)

“Subsection XIIDo Formal Validation Tests of the Value Recovery Functionality

“Art. 43-A. The applying institutions to be participants in the transactional account provider modality and with participation in the SPI must be approved in the tests of the messaging related to the sending of settled Pix transactions in the systems of the participants themselves:

I - direct; and

II - indirect.

§ 1º The single credit cooperative affiliated with a credit cooperative central that has this central as its liquidator in the SPI is exempt from carrying out the tests referred to in the caput.

§ 2º Institutions with indirect participation in the SPI must organize the carrying out of the test with their liquidating participant.” (NR)

“Art. 43-B. The applying institutions to be:

I - participants with direct access to the DICT, in the transactional account provider modality;

II - participants with direct access to the DICT, in the special liquidator modality; and

III - participants with direct access to the DICT, in the user institution modality.

must be approved in the tests of validation of the value recovery functionality.

§ 1º Institutions in the process of adhering to Pix must successfully conclude the formal homologation tests referred to in the caput during the homologation stage, if they do not conclude their adherence by January 23, 2026.

§ 2º It is optional for Pix participants and for institutions in the process of adhering to Pix that conclude their adherence by January 23, 2026 to carry out the tests referred to in the caput.” (NR)

“Art. 98-A. The following deadlines must be observed regarding the formal homologation tests referred to in art. 43-A:

I - successful carrying out of the tests between November 10, 2025 and November 20, 2025 for Pix participating institutions;

II - successful carrying out of the tests between November 10, 2025 and November 20, 2025 for institutions adhering to Pix that complete the homologation stage before the end of this period; and

III - successful carrying out of the tests during the homologation stage for institutions adhering to Pix that do not complete this stage by November 20, 2025.” (NR)

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

RICARDO TEIXEIRA
LEITE MOURÃO

NOTE

Decree No. 10.411, of June 30, 2020, provides for the obligation to carry out a regulatory impact analysis (AIR) for the issuance of normative acts of general interest produced by the bodies 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 the other documents that integrate, detail and complement it, do not characterize themselves as a regulatory act of cogent and general force, actually possessing, in fact, an eminently contractual nature with respect exclusively to the participants of this payment arrangement. Thus, modifications promoted in the aforementioned regulation and in the other documents that integrate, detail and complement it are not subject to the prior production of AIR.