2013-10-09 | Lei 12.865/2013

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Law No. 12,865, of October 9, 2013 — payment arrangements and payment institutions that are part of the Brazilian Payment System

The law authorizes an extraordinary subsidy of R$12 per ton, limited to 10,000 tons, for independent sugarcane producers of the 2011/2012 harvest in the Northeast, and a subsidy of R$0.20 per liter for ethanol producers of the same harvest, with payments to be made in 2013 and 2014; it reduces the PIS/Pasep and Cofins rates to zero for amounts received under these subsidies and amends Law 12.666 to allow interest‑rate equalization subsidies to federal financial institutions for alcohol storage and cane renewal projects for up to five years; it defines payment arrangements and payment institutions, integrates them into the Brazilian Payment System, sets principles and powers for the Central Bank and the Monetary Council, and establishes that resources held in payment accounts are separate assets that cannot be seized or used as collateral.

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Law No. 615 of 2013not in RegAlertLaw No. 10826 dated 2003-12-22not in RegAlertLaw No. 10865 dated 2004-04-30not in RegAlertLaw No. 10925 dated 2004-07-23not in RegAlertLaw No. 11196 dated 2005-11-21not in RegAlertLaw No. 11508 dated 2007-07-20not in RegAlertLaw No. 11941 dated 2009-05-27not in RegAlertLaw No. 12546 dated 2011-12-14not in RegAlert+12 moresee all below the graphLaw No. 12,865, of October 9,2013 — payment arrangements a…2013-10-09 · this documentLaw No. 13,506 of November 13, …2017Law No. 14,286 of December 29, …2021Resolution CMN No. 5008 — Provi…2022Law No. 14,478, of December 21,…2022BCB Resolution No. 579 — Amends…2026BCB Resolution No. 580 — Classi…2026BCB Resolution No. 586 — Provid…2026+79 moresee all below the graph
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Show all related documents (106)
Superseded by
Law No. 14,286 of December 29, 2021 – Brazilian foreign exchange market, Brazilian capital abroad and foreign capital in Brazil2021
Supersedes
Law No. 12546 dated 2011-12-14not in RegAlert
Amended by
Law No. 13,506 of November 13, 2017 – Sanctioning Administrative Process in the Scope of the Central Bank of Brazil and the Securities and Exchange Commission2017
Amends
Law No. 10826 dated 2003-12-22not in RegAlertLaw No. 10865 dated 2004-04-30not in RegAlertLaw No. 10925 dated 2004-07-23not in RegAlertLaw No. 11196 dated 2005-11-21not in RegAlertLaw No. 11508 dated 2007-07-20not in RegAlertLaw No. 11941 dated 2009-05-27not in RegAlert
+12 moreLaw No. 12249 dated 2010-06-11not in RegAlertLaw No. 12350 dated 2010-12-20not in RegAlertLaw No. 12587 dated 2012-01-03not in RegAlertLaw No. 12666 dated 2012-06-14not in RegAlertLaw No. 14031 of 2020not in RegAlertLaw No. 225 of 2026not in RegAlertLaw No. 4870 dated 1965-12-01not in RegAlertLaw No. 5991 dated 1973-12-17not in RegAlertLaw No. 784 dated 2017-06-07not in RegAlertLaw No. 9069 dated 1995-06-29not in RegAlertLaw No. 9503 dated 1997-09-23not in RegAlertRegulation No. 70235 dated 1972-03-06not in RegAlert
Issued under
Law No. 615 of 2013not in RegAlert
Basis for
BCB Resolution No. 586 — Provides for the disclosure of the Social, Environmental and Climate Risks and Opportunities Report – GRSAC Report2026BCB Resolution No. 580 — Classifies Virtual Asset Service Providers as Type 3 and Prohibits Virtual Asset Services for Segment 52026BCB Resolution No. 579 — Amends BCB Resolution No. 146 of September 28, 2021, Regarding Accounting Document Criteria for Regulated Institutions2026BCB Resolution No. 576 on Administrator Succession Policy for Financial Institutions2026BCB Resolution No. 577 — Amends BCB Resolution No. 207 of March 22, 2022, Regarding Liquidity Risk Exposure and Short-Term Liquidity Indicator (LCR) Reporting2026BCB Resolution No. 569 - Amends Resolution BCB No. 343 Regarding Data Sharing on Fraud Indicators2026
+76 moreBCB Resolution No. 570 — Amending Resolution BCB No. 517 Regarding Minimum Capital and Net Worth Calculation Procedures2026BCB Resolution No. 565 — Amends BCB Resolution No. 51 of December 16, 2020, Which Establishes Procedures for Authorizing and Canceling Account Debit Authorizations2026CMN Resolution No. 5299 — Establishes Guidelines for Regulating the Rights of Natural Persons Using Financial Services2026Joint Resolution No. 20 of May 4, 2026, Amending Joint Resolution No. 8 of December 21, 2023, Regarding Financial Education Measures by Financial Institutions2026BCB Resolution No. 560 — Minimum Limits for Short-Term Liquidity Indicator (LCR) and Simplified Short-Term Liquidity Indicator (LCRS)2026Central Bank Resolution No. 554 Amending the Regulations for the Instant Payment System (SPI) and Instant Payment Account (Conta PI)2026BCB Resolution No. 550 — Establishes Accounting Criteria for Virtual Assets2026BCB Resolution No. 525 — Regulates Repo Operations with Fixed-Income Securities by Payment Institutions, Securities Brokers, Dealers, and Currency Brokers2025Joint Resolution No. 15 — Amending Joint Resolution No. 1 of May 4, 2020, Regarding the Implementation of Open Finance2025BCB Resolution No. 517 — Procedures for Financial Institutions to Calculate Minimum Paid-in Share Capital and Net Worth2025Joint Resolution No. 14 — Methodology for Calculating Minimum Paid-in Share Capital and Net Equity Limits for Financial Institutions2025BCB 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 Manual2025BCB Resolution No. 505 Amending BCB Resolution No. 51 of December 16, 2020, Establishing Procedures for Authorization and Cancellation of Account Debit Authorizations2025BCB Resolution No. 501 — Amends BCB Resolution No. 142 of September 23, 2021, Regarding Procedures and Controls for Fraud Prevention in Payment Services2025Central Bank Resolution No. 487 Regarding the Deadline for Publishing Financial Statements for the Period Ended June 30, 20252025BCB Resolution No. 484 of June 26, 2025, amending BCB Resolution No. 265 of November 25, 2022, regarding risk management structure, capital management structure, and information disclosure policy for institutions classified as Type 3 in Segment 2, Segment 3, or Segment 42025Resolution BCB No. 452 – Amends Resolutions BCB No. 229 (May 12, 2022) and 437 (November 28, 2024) and Circular No. 3,748 (February 27, 2015)2025BCB Resolution No. 440 — Recovery and Resolution Planning for Payment Institutions and the Recovery and Organized Exit Plan (PRSO)2024CMN Resolution No. 5,187 — Recovery and Resolution Planning Process for Financial Institutions2024BCB Resolution No. 434 Amending BCB Resolution No. 198 Regarding Minimum Reference Equity Requirement for Payment Institutions2024BCB Resolution No. 365 — Amending Resolution BCB No. 96 of May 19, 2021, Regarding the Opening, Maintenance, and Closure of Payment Accounts2023BCB Resolution No. 354 — Amends BCB Resolution No. 139 of September 15, 2021, Regarding the Disclosure of the Social, Environmental and Climate Risks and Opportunities Report (GRSAC Report)2023BCB Resolution No. 346 of October 5, 2023, amending Resolution BCB No. 229 of May 12, 2022, regarding standardized approach risk-weighted assets for credit risk exposures2023Resolution BCB No. 332, of June 29, 20232023BCB Resolution No. 331 — Establishes the Social, Environmental and Climate Responsibility Policy (PRSAC) for Type 3 Institutions and Actions for its Effectiveness2023BCB Resolution No. 324 of June 14, 2023, amending Circular No. 3,809 of August 25, 2016, regarding procedures for recognizing mitigating instruments in calculating risk-weighted assets for credit risk exposures under the standardized approach2023BCB Resolution No. 327 — Amends BCB Resolution No. 207 of March 22, 2022, regarding liquidity risk exposure information and the Short-Term Liquidity Indicator (LCR)2023BCB Resolution No. 319 — Establishes maximum exposure limits per client and maximum limit for concentrated exposures, and amends BCB Resolutions Nos. 201 and 2652023BCB Resolution No. 316 — Amends Annex II to BCB Resolution No. 108 Regarding Deadlines for Administrative Processes for Economic Activity Release2023BCB Resolution No. 312 — Amends Circular No. 3,641 of March 4, 2013, regarding risk-weighted asset calculation for gold, foreign currency, and exchange rate-varying assets under the standardized approach2023BCB Resolution No. 311 — Amends Resolution BCB No. 146 Regarding Accounting Documents for Consortium Administrators and Payment Institutions2023BCB Resolution No. 300 — Amends Resolution BCB No. 237 to regulate remuneration of the Electronic Currency Correspondent Account (CCME) balance for payment institutions2023Central Bank Resolution No. 303 of March 16, 2023: Procedures for Calculating Risk-Weighted Assets for Credit Risk Exposures Under Internal Ratings-Based Approvals2023BCB Resolution No. 296 — Amends BCB Resolution No. 80 of March 25, 2021, Regarding Payment Institutions2023Normative Instruction BCB No. 335 — Establishes the Content and Format for Reporting Retail Payments and Service Channels by Institutions Authorized by the Central Bank of Brazil2022Central Bank Resolution No. 269 of December 1, 2022, Amending the Pix Payment Arrangement Regulation2022Resolution BCB No. 264 — Provisions on the Registration of Receivables from Payment Arrangements Based on Postpaid or Demand Deposit Accounts within the Brazilian Payment System2022Resolution BCB No. 265 — Risk Management Structure, Capital Management Structure, and Information Disclosure Policy for Type 3 Institutions in Segments 2, 3, or 42022BCB Resolution No. 257 — Amends Resolution BCB No. 80 of March 25, 2021, regarding payment institutions2022CMN Resolution No. 5,037 — Amends and Consolidates Normative Acts Regarding the Credit Information System (SCR)2022Resolução BCB nº 246 — Establishes maximum limits for interchange fees and prohibits different maximum deadlines for fund availability for the receiving end user in domestic, purchase, prepaid payment account, and deposit payment arrangements2022BCB Resolution No. 237 — Financial Movements for Electronic Currency Accounts and Payment Institution Participation in the STR2022Joint Resolution No. 5 — Provisions on Interoperability in Open Finance2022Resolution BCB No. 229 — Procedures for Calculating the Risk-Weighted Asset Component for Credit Risk Exposures under the Standardized Approach2022BCB Resolution No. 205 — Amends Resolution BCB No. 81 of March 25, 2021, regarding authorization processes for payment institutions and payment services2022BCB Resolution No. 207 — Consolidates and Amends Normative Acts Regarding the Submission of Information on Liquidity Risk Exposure and the Short-Term Liquidity Indicator (LCR)2022BCB Resolution No. 197 — Classifies prudential conglomerates including payment service institutions and establishes segmentation for Type 3 conglomerates for proportional prudential regulation2022BCB Resolution No. 193 — Consolidates regulations on remitting information to the Central Bank of Brazil regarding foreign resource raising2022BCB Resolution No. 179 — Consolidates and revises regulations on the National Financial System Client Register (CCS)2022BCB Resolution No. 170 of December 9, 20212021BCB Resolution No. 150 — Consolidates rules on payment arrangements, approves the regulation governing payment services within the Brazilian Payments System (SPB)2021BCB Resolution No. 152 — Amending Circular No. 4,032 of June 23, 2020, Regarding the Initial Governance Structure for Open Banking Implementation2021CMN Resolution No. 4951 — Amends Resolution No. 4,282 of November 4, 2013 to Clarify That Payment Transaction Definition Includes Fund Donations2021BCB Resolution No. 142 — Procedures and Controls for Fraud Prevention in Payment Services2021BCB Resolution No. 141 of September 16, 20212021BCB Resolution No. 138 — Amending Circular No. 4,015 of May 4, 2020, Regarding the Scope of Data and Services of the Open Banking System2021BCB Resolution No. 133 — Amends BCB Resolution No. 109 of June 24, 2021, which establishes the implementation schedules for Open Banking in the Country2021BCB Resolution No. 117 — Amends BCB Resolution No. 32 of October 29, 2020, regarding technical requirements and operational procedures for Open Banking implementation2021BCB Resolution No. 108 — Rules and Procedures for Administrative Decision Deadlines for Economic Activity Licensing Requests2021Joint Resolution No. 3 — Amending Joint Resolution No. 1 of May 4, 2020, Regarding the Implementation of the Open Banking 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 arrangement2021Resolution BCB No. 93 — Regulates internal audit activity in consortium administrators, payment institutions, securities broker-dealers, securities distributors, foreign exchange brokers, and virtual asset service providers authorized by the Central Bank of Brazil2021BCB Resolution No. 88 — Amends the Regulation Governing the Pix Payment Arrangement2021Resolution BCB No. 85 — Cybersecurity Policy and Requirements for Data Processing, Storage, and Cloud Computing Services2021Joint Resolution No. 2 of November 27, 2020, Amending Joint Resolution No. 1 of May 4, 2020, Regarding the Implementation of the Open Banking System2020Circular No. 4031 — Amends Circular No. 3,682 of November 4, 2013, to establish conditions for payment arrangements to integrate into the Brazilian Payments System (SPB) due to risks to the normal functioning of retail payment transactions2020Circular No. 4022 — Procedures for Authorization and Cancellation of Debit Authorizations in Prepaid Payment Accounts2020Circular No. 4020 — Waiver of prior authorization from the Central Bank of Brazil for changes to payment arrangement regulations to enable transactions related to digital social savings accounts2020Circular No. 4015 — Establishes the Scope of Data and Services for the Open Banking System2020Circular No. 4010 - Amends Deadlines for Remittance of Documents 2060 and 2061 to the Central Bank of Brazil and Postpones Start of Remittance for Investor Information2020Circular No. 3999 — Amends deadlines for financial statement disclosure and submission of accounting documents to the Central Bank of Brazil due to the economic impacts of Covid-192020Circular 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)2020Circular No. 3959 — Provides for the procedures for the preparation and disclosure of financial statements by financial institutions and other institutions authorized to operate by the Central Bank of Brazil2019Circular No. 3681 — Regulates risk management, minimum capital requirements, governance of payment institutions, preservation of value and liquidity of balances in payment accounts, and other provisions2013Resolution CMN No. 4282 — Establishes Guidelines for Regulation, Surveillance, and Supervision of Payment Institutions and Payment Arrangements in the Brazilian Payments System2013
Referred to by
Law No. 14,478, of December 21, 2022 — Guidelines for the Provision of Virtual Asset Services and the Regulation of Virtual Asset Service Providers2022Resolution CMN No. 5008 — Provisions on the Constitution, Organization, and Operation of Securities Brokerage and Distribution Companies2022

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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