Regulatory Alerts2026-04-27 | Instrução Normativa BCB 728Central Bank of Brazil Instruction Normative No. 728 of April 27, 2026
The Central Bank of Brazil issued Instruction Normative No. 728 to amend the regulatory framework governing Pix Withdrawal and Pix Change services, specifically updating Instruction Normatives No. 198 and No. 199. This resolution introduces new operational procedures for credit cooperatives and service facilitators regarding QR code generation, transaction settlement within the Instant Payment System (SPI), and the reimbursement of operational costs. It also formally revokes Instruction Normative No. 200 and specific articles of the previous regulations to streamline the contractual and operational requirements for these financial products.
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