Circular No. 3.969

The Board of Directors of the Central Bank of Brazil, in a session held on 13 November 2019, based on arts. 9, 10 and 15 of Law No. 12.865, of 9 October 2013, and in view of art. 14 of Resolution No. 4.282, of 4 November 2013,

R E S O L V E S :

Art. 1 Circular No. 3.909, of 16 August 2018, shall come into force with the following amendments:

“Art. 15. The contracting of relevant data processing, data storage and cloud computing services must be communicated by payment institutions to the Central Bank of Brazil.

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§ 2 The communication referred to in the caput must be made within ten days after the contracting of the services.

§ 3 Contractual amendments that entail modification of the information referred to in § 1 must be communicated to the Central Bank of Brazil within ten days after the contractual amendment.

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“Art. 16. .....................................................

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§ 1 In the event of the inexistence of an agreement under the terms of item I of the caput, the contracting payment institution must request authorization from the Central Bank of Brazil to:

• I - contract the service, within a minimum period of sixty days before the contracting, observing the provisions of art. 15, § 1, of this Circular; and

• II - make contractual amendments that entail modification of the information referred to in art. 15, § 1, observing the minimum period of sixty days before the contractual amendment.

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Art. 2 § 4 of art. 15 of Circular No. 3.909, of 2018, is revoked.

Art. 3 This Circular enters into force on the date of its publication.

Otávio Ribeiro Damaso Director of Regulation