RegAlert2024-12-20 | Instrução Normativa BCB 571Added
Instruction Normative BCB No. 571 — Amends Instruction Normative BCB No. 524 of September 18, 2024, regarding daily information submission to the Central Bank of Brazil
Instruction Normative BCB No. 571 amends Article 7 of Instruction Normative BCB No. 524 by replacing the daily accounting rubric for payment transaction volume with a new monthly rubric, code 3.0.9.70.00.00-3, titled 'Payment Transactions Performed in the Month'. This change requires financial institutions and electronic money issuers to cumulatively record payments, transfers, and withdrawals made during the month, regardless of any underlying obligation between payer and payee. The amendment enters into force on January 1, 2025, and is exempt from regulatory impact analysis as it updates obsolete norms without altering merit.
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INSTRUCTION NORMATIVE BCB NO. 571, OF DECEMBER 20, 2024
Amends Instruction Normative BCB No. 524, of September 18, 2024, which establishes the procedures for the daily submission of information to the Central Bank of Brazil regarding accounting balances of an active and passive nature and the financial volume of payment transactions carried out on the day, as provided for in Article 2, items I and III, of Resolution BCB No. 208, of March 22, 2022.
The Head of the Department of Financial System Monitoring – Desig, in the exercise of the powers conferred upon him by Article 23, item I, letter “a” of the Internal Regulations of the Central Bank of Brazil, published through Resolution BCB No. 340, of September 21, 2023, based on Article 85, item I, letter “b” of said Regulations, and having in view the provisions of Article 2, items I and III of Resolution BCB No. 208, of March 22, 2022, and of Instruction Normative BCB No. 538, of November 5, 2024,
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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
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