Regulatory Alerts2022-05-20 | Resolução Conjunta 5Joint Resolution No. 5 — Provisions on Interoperability in Open Finance
The Central Bank of Brazil and the Private Insurance Superintendence issued Joint Resolution No. 5 to establish the regulatory framework for interoperability within the Open Finance ecosystem. The resolution mandates system participants to propose and implement standardized technical patterns and operational procedures, while establishing a joint governance forum to manage support infrastructures such as directories and dispute resolution platforms. These measures aim to ensure secure, agile, and precise data sharing among participants, with implementation proposals due by November 2023 and the resolution entering into force on January 2, 2023.
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