CMN Resolution No. 2882 — Regulates the payments system and the clearing and settlement service providers that integrate it

This resolution establishes the structural principles for the payments system, requiring it to ensure efficiency, security, integrity, and reliability. It subjects clearing houses and settlement service providers operating interbank movements involving at least three direct participants to specific regulatory oversight by the Central Bank of Brazil and the Securities and Exchange Commission (CVM). The text mandates adherence to general rules regarding risk management, irrevocable settlement, operational security, and transparency, while authorizing the Central Bank to operate real-time gross settlement systems and set adaptation deadlines for existing providers. The regulation entered into force upon publication, with the provision for real-time gross settlement systems taking effect when the new payments system begins operation.

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RESOLUTION NO. 002882

Dispenses with the payments system and the clearing houses and settlement service providers that integrate it.

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the NATIONAL MONETARY COUNCIL, in a session held on August 30, 2001, taking into account the provisions of Articles 4, item VIII, and 11, item VII, of the aforementioned law, Articles 3, items I, III, IV, and the sole paragraph, and 15, item VI and paragraphs 2 and 3, of Law No. 6,385 of December 7, 1976, and Law No. 10,214 of March 27, 2001,

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Lineage: Superseded

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2021-09-30

2021-09-30BCBResolution CMN No. 4952 — Provides for the operation of clearing and settlement chambers and service providers within the Brazilian Payment Systemsupersedes

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