RegAlert2001-03-27 | Lei 10.214/2001Added
Law No. 10,214, of March 27, 2001 – Operation of Clearing and Settlement Chambers and Service Providers in the Brazilian Payment System
The law regulates the operation of clearing and settlement chambers and service providers within the Brazilian payment system, authorizing multilateral netting, requiring chambers to assume the contractual position of counterparties for settlement, and mandating the segregation of a special asset pool that is immune to seizure except for obligations arising from the chambers themselves. It establishes that participants’ assets pledged as guarantees are inalienable, that insolvency regimes of participants do not affect settlement obligations, and that violations are penalized under the sanctions of Law No. 4,595/1964 and Law No. 6,385/1976 with appeals to the National Financial System Resources Council. The Central Bank of Brazil, the Securities Commission, and the National Monetary Council must issue the necessary regulations, and the law entered into force on its publication date.
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Presidency of the Republic
Civil House
Undersecretariat for Legal Affairs
LAW No. 10,214, OF MARCH 27, 2001
Conversion of Provisional Measure No. 2,115-16, of 2001
Provides for the operation of clearing and settlement chambers and service providers within the Brazilian payment system, and other provisions.
I make known that the PRESIDENT OF THE REPUBLIC adopted Provisional Measure No. 2,115-16, of 2001, which the National Congress approved, and I, Jader Barbalho, President of the Federal Senate, for the effects of the sole paragraph of art. 62 of the Federal Constitution, promulgate the following Law:
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Lineage: In force
Show all related documents (18)
- Supersedes
- Provisional Measure No. 2,115-16 of 2001not in RegAlert
- Amends
- Law No. 13506 of 2017not in RegAlert
- Basis for
- BCB Resolution No. 585 — Standard Format for Identifying Bank Accounts in Brazil for International Fund Transfers (IBAN Format) and Regulation of Its Use2026Central Bank Resolution No. 554 Amending the Regulations for the Instant Payment System (SPI) and Instant Payment Account (Conta PI)2026BCB Resolution No. 515 — Amends Resolution BCB No. 443 of December 12, 2024, regarding the dynamic collection slip payment arrangement2025Central Bank Resolution No. 507 Approving the Pix Penalties Manual2025Resolution BCB No. 498 – Regulates, within the National Financial System and the Brazilian Payment System, the requirements, procedures and conditions for the accreditation of Information Technology Service Provider – PSTI and provides other measures2025BCB Resolution No. 304 — Approves the Regulation Governing Settlement Systems, Financial Asset Registration and Centralized Deposit Activities, and Liens on Financial Assets within the Brazilian Payments System2023
+8 more
Central Bank Resolution No. 269 of December 1, 2022, Amending the Pix Payment Arrangement Regulation2022Resolution BCB No. 256 — Regulates the Available Electronic Transfer (TED)2022BCB Resolution No. 211 of March 22, 20222022Resolution CMN No. 4952 — Provides for the operation of clearing and settlement chambers and service providers within the Brazilian Payment System2021BCB Resolution No. 95 — Amends the Regulation annexed to BCB Resolution No. 1 of August 12, 2020, which governs the operation of the Pix payment arrangement2021BCB Resolution No. 88 — Amends the Regulation Governing the Pix Payment Arrangement2021Circular No. 3985 — Establishes provisions regarding participation modalities and criteria in the instant payment arrangement and the Instant Payment System (SPI) and direct access criteria to the Transactional Account Identifiers Directory (DICT)2020CMN Resolution No. 2882 — Regulates the payments system and the clearing and settlement service providers that integrate it2001 - Referred to by
- Law No. 14,286 of December 29, 2021 – Brazilian foreign exchange market, Brazilian capital abroad and foreign capital in Brazil2021CVM Resolution 538 (Repealed) - Administrative Sanctioning Processes2008
Source: Congresso Nacional 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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