Instruction Normative BCB No. 439 — Amends Instruction Normative BCB No. 243 Regarding Direct Participation in the Instant Payment System (SPI)

INSTRUCTION NORMATIVE BCB NO. 439, OF DECEMBER 15, 2023

Amends Instruction Normative BCB No. 243, of March 16, 2022, which publishes procedures to be observed for direct participation in the Instant Payment System (SPI), for the opening of the Instant Payment Account (Conta PI) and defines the maximum time limits for validation and settlement of instant payment orders, as provided for in the Regulation attached to Resolution BCB No. 195, of March 3, 2022.

The Head of the Department of Banking Operations and Payment Systems (Deban), in use of the powers conferred by art. 23, item I, letter “a”, and by art. 112, item IV, of the Internal Regulations of the Central Bank of Brazil, attached to Resolution BCB No. 340, of September 21, 2023, and taking into account the provisions of the Regulation attached to Resolution BCB No. 195, of March 3, 2022,

R E S O L V E:

Art. 1º Instruction Normative BCB No. 243, of March 16, 2022, shall enter into force with the following alterations:

“Art. 15. ..........................................................................................................

§ 1º .................................................................................................................

I - ......................................................................................................................

II - test connectivity on the Primary Message Transmission Channel, as defined in the Communication Interfaces Manual (send a PIBR.001 message and successfully receive the PIBR.002 from the SPI).

§ 2º ...........................................................................................................” (NR)

Art. 2º This Instruction Normative BCB enters into force on January 2, 2024.

Rogério Antônio Lucca

NOTE

To rationalize the treatment of payments with and without expectation of immediate settlement in the SPI, a processing structure with two distinct channels was implemented:

• Primary Message Transmission Channel (CPM), through which orders with expectation of immediate settlement are sent (existing channel);

• Secondary Message Transmission Channel (CSM), through which orders for which there is no expectation of immediate settlement are sent.

This Instruction Normative aims to determine the performance of the connectivity test on the Primary Message Transmission Channel by the business day preceding the date scheduled for the start of operations in the SPI production environment, as it is an essential security requirement for the start of operations of institutions.

As it is a regulatory act that disciplines rights or obligations defined in a hierarchically superior norm and which only guides the execution of rights and clarifies procedures without causing a significant increase in costs for economic agents or for users of the services provided, the preparation of a regulatory impact analysis (AIR) is dispensed with, in accordance with the provisions of art. 4º, items II and III, combined with art. 2º, item II, of Decree No. 10.411, of June 30, 2020.

Rogério Antônio Lucca

Head of the Department of Banking Operations and Payment Systems