Instruction Normative BCB No. 611 — Dispenses on the Types of Financial Assets Eligible for Linkage to Dynamic Collection Slips

Resolution No. 222

INSTRUCTION NORMATIVE
BCB No. 611, OF APRIL 22, 2025

Dispenses on the types of financial assets eligible for linkage to dynamic collection slips.

The Heads of the Department of Financial System Regulation (Denor) and the Department of Supervision of Cooperatives and Non-Bank Institutions (Desuc), in the exercise of the authority conferred upon them by Article 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, taking into account the provisions of Article 13 of Resolution BCB No. 443, of December 12, 2024,

R E S O L V E:

Art. 1 The financial assets eligible for linkage to dynamic collection slips are:

I - book-entry promissory notes, as provided for in Law No. 13,775, of December 20, 2018; and

II - real estate receivables originating from purchase and sale contracts or promises of purchase and sale, with or without the issuance of a Real Estate Credit Note, entered into between a developer or land subdivider and a buyer or prospective buyer of an autonomous real estate unit or lot.

Art. 2 The implementation schedule for the dynamic collection slip for each financial asset eligible for linkage shall be agreed upon between the institution operating the settlement system responsible for the centralized slip database and the institutions operating the bookkeeping, registration, or centralized deposit systems for the asset.

Sole Paragraph. The schedule referred to in the caput shall include, at a minimum:

I - the list and description of the working groups responsible for the development of the technological solution, including their participants; and

II - the description of the stages of development of the technological solution, including:

a) objectives or products to be achieved or developed in each stage; and

b) dates for the completion of each stage, even if referenced in milestones of the development of the bookkeeping, registration, or centralized deposit systems for the asset.

Art. 3 The schedule referred to in Article 2 shall be sent to the Central Bank of Brazil in the manner and within the deadline to be informed through an act published by this autarchy.

Art. 4 This Instruction Normative enters into force on April 30, 2025.

MARDILSON
FERNANDES QUEIROZ ADALBERTO FELINTO DA CRUZ JUNIOR Head of Denor Head of Desuc

NOTE
238/2025-BCB/DENOR, OF APRIL 16, 2025

Justifies proposal for the issuance of an instruction norm that dispenses on the types of financial assets eligible for linkage to dynamic collection slips.

Dear Heads of Denor and Desuc,

This Note justifies a proposal for the issuance of an instruction norm by the Department of Financial System Regulation (Denor) and the Department of Supervision of Cooperatives and Non-Bank Institutions (Desuc), in the exercise of the authority conferred upon them by Article 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, taking into account the provisions of Article 13 of Resolution BCB No. 443, of December 12, 2024.

2.            In this regard,  
   

Resolution BCB No. 443, of December 12, 2024, which regulates the slip payment arrangement, among other points, creates the dynamic collection slip modality, linked to a negotiable financial asset, in the context of regulatory advances aimed at the bookkeeping and registration of these assets, especially with the aim of making their negotiation more efficient and secure.

3.            In this context,  
   

Article 13 of Resolution BCB No. 443, of 2024, establishes that the Central Bank of Brazil will issue an instruction norm listing the types of financial assets eligible for linkage to dynamic collection slips.

4.            In compliance with  
   

this regulatory determination, this instruction norm proposal discloses the types of financial assets eligible for linkage to dynamic collection slips.

5.          It should be noted that  
   

Law No. 13,874, of September 20, 2019, determines, in its Article 5, that proposals for the issuance and amendment of normative acts of general interest for economic agents, issued by an organ or entity of the public administration, including autarchies and public foundations, must be preceded by a Regulatory Impact Analysis (RIA).

6.             However, the  
   

Decree No. 10,411, of June 30, 2020, which regulates this Law, in its Article 4, item II, provides that this analysis may be waived, provided there is a reasoned decision by the competent organ or entity, when the normative act is intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. In this sense, we understand that this instruction norm is exempt from the preparation of the RIA, as it aims solely to comply with the determination contained in Article 13 of Resolution BCB No. 443, of 2024.

For your consideration.

JANAINA PIMENTA ATTIE JOSE REYNALDO DE ALMEIDA FURLANI Consultant of Denor Deputy Head of Desuc

Agreed.

MARDILSON FERNANDES DE QUEIROZ ADALBERTO FELINTO DA CRUZ JUNIOR Head of Denor Head of Desuc