Normative Instruction BCB No. 121 of July 1, 2021

This instruction amends Normative Instructions BCB Nos. 41 and 70 to establish the regulatory framework for a new cycle of homologatory tests required for financial institutions, acquirers, sub-acquirers, and registering entities whose activities were suspended from June 7, 2021, or those intending to begin processing receivables operations under CMN Resolution No. 4,734/2019. It mandates that these entities successfully complete test sets defined by their respective registering entities, submit readiness declarations supported by internal audit reports on computational environment capacity and cybersecurity vulnerability mitigation, and maintain test documentation for five years. Testing periods are set to begin on August 9, 2021, for financial institutions and acquirers, and on August 30, 2021, for registering entities.

BCB published 15 documents in the last 30 days — get each new one by email the day it lands.

BNB NORMATIVE INSTRUCTION NO. 121, OF
JULY 1, 2021

Amends the BNB Normative Instructions Nos. 41, of November 5, 2020, and 70, of January 15, 2021.

The Heads of the Department of Competition and Financial Market Structure (Decem), the Department of Strategic Management and Specialized Supervision (Degef), and the Department of Financial System Regulation (Denor), in the exercise of the powers conferred upon them by Art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on Arts. 8 of CMN Resolution No. 4,734, of June 27, 2019, and 15-B of Circular No. 3,952, of June 27, 2019,

Read the rest free, and get an email when BCB publishes again

Email me when BCB publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: In force

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

Timeline

This document amends: Normative Instruction BCB No. 41 — Establishes the schedule for integration homologation tests for financial institutions, accredited and sub-accredited institutions, and registering entities

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