Joint Resolution No. 3 — Amending Joint Resolution No. 1 of May 4, 2020, Regarding the Implementation of the Open Banking System

Resolution No. 3

JOINT RESOLUTION NO. 3, OF JUNE 24, 2021

Amends Joint Resolution No. 1, of May 4, 2020, which provides for the implementation of the Open Banking System.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that its Collegiate Board, in a session held on June 17, 2021, and the National Monetary Council, in a session held on June 24, 2021, based on Article 4, item VIII, of the aforementioned Law, and on Article 9, caput and item II, of Law No. 12,865, of October 9, 2013,

HAVE RESOLVED:

Art. 1º Joint Resolution No. 1, of May 4, 2020, shall enter into force with the following alterations:

"Art. 6º ............................................................................................................
.........................................................................................................................
III - in the case of sharing of the service of forwarding a credit proposal referred to in Article 5, item II, letter 'b', in a mandatory manner, the institutions referred to in Article 1 that have entered into a correspondent contract in the country, whose object includes the activity of service provision provided for in Article 8, item V, of Resolution No. 3,954, of February 24, 2011, by electronic means. § 1º The sharing of data and services is mandatory:
................................................................................................................" (NR)

"Art. 10. ...........................................................................................................
§ 1º ...................................................................................................................
.........................................................................................................................
VII - shall be obtained after the date of entry into force of this Joint Resolution, observing the implementation schedule established by the Central Bank of Brazil. ................................................................................................................" (NR)

"Art. 25. Cases of unavailability that generate a crisis situation in the institution must be communicated promptly to the Central Bank of Brazil." (NR)

"Art. 30. ...........................................................................................................
.........................................................................................................................
III - to the unavailability of dedicated interfaces; and ................................................................................................................" (NR)

"Art. 47.

The content of the convention referred to in Article 44, as well as its amendments, must be submitted to

approval

by the

Central Bank

of Brazil, within the timeframes established by it." (NR)

"Art. 48. ...........................................................................................................
I - the procedures to be followed in the case of

unavailability of the interfaces used for sharing;
................................................................................................................
" (NR)

"Art. 51. ...........................................................................................................
.........................................................................................................................
VIII - the maximum timeframes for resumption or normalization of interface availability, referred to in Article 48, item II; IX - other requirements and operational procedures for compliance with this Joint Resolution; and X - the schedule for:
a) delivery of the content of the convention referred to in Article 47; and b) implementation of Open Banking.
................................................................................................................
" (NR)

"Art. 55.
This Joint Resolution enters into force on June 1, 2020.
" (NR)

Art. 2º The following are revoked:
I - the following provisions of Joint Resolution No. 1, of 2020:
a) §§ 1º and 2º of Article 25; b) items I to IV of the caput and the sole paragraph of Article 47; and c) items I to IV of Article 55; and II - Joint Resolution No. 2, of November 27, 2020.

Art. 3º This Joint Resolution enters into force on the date of its publication.

Roberto de Oliveira Campos Neto
President

of the

Central Bank

of Brazil