Normative Instruction BCB No. 103 — Procedures for Authorization of Payment Institutions and Payment Services

This instruction establishes the procedures, documents, deadlines, and information required to process authorization requests for the operation of payment institutions and for other institutions authorized by the Central Bank of Brazil to provide payment services. It also defines the format and terms for preparing cessation of activities plans for payment services. The document specifies required declarations, authorizations for data access, and financial documentation, including recent amendments that introduce new Sisorf model codes and exemptions for institutions already authorized by the Central Bank.

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NORMATIV INSTRUCTION BCB NO. 103, OF APRIL 30, 2021

Publishes procedures, documents, deadlines, and information necessary for the processing of authorization requests related to the operation of payment institutions and the provision of payment services by other institutions authorized to operate by the Central Bank of Brazil, as well as the format and terms to be observed in the preparation of the cessation of activities plan related to payment services provided by payment institutions.

The Head of the Department of Financial System Organization (Deorf), using the authority granted by arts. 23, item I, letter “a”, and 96, item XII, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on arts. 4 and 17, § 6, of BCB Resolution No. 81, of March 25, 2021,

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Lineage: Amended

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 2 times · last 2026-01-29

2026-01-29BCBNormative Instruction BCB No. 705 of January 29, 2026amends
2023-06-29BCBBCB Normative Instruction No. 397 of June 29, 2023amends

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