RegAlert2021-10-11 | Instrução Normativa BCB 171Added · Updated
Normative Instruction BCB No. 171 — Discloses operational limits and deadlines for the phased and efficient launch of interfaces dedicated to sharing the Pix payment transaction initiation service in Open Banking
Participating institutions must implement a phased and efficient launch of APIs for sharing the Pix payment transaction initiation service across four cycles between October 29, 2021, and February 17, 2022. The rollout restricts initial access to pre-selected clients with a R$1,000 transaction limit and specific device constraints, gradually expanding to the entire client base, removing transaction value limits, and allowing multi-device usage by the final cycle. Operational hours expand from limited weekday windows to 24/7 availability, and additional initiation mechanisms such as dynamic and static QR codes are introduced in the third cycle.
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NORMATIVE INSTRUCTION BCB NO. 171, OF OCTOBER 11, 2021
Discloses operational limits and deadlines for the phased and efficient launch of interfaces dedicated to sharing the Pix payment transaction initiation service in Open Banking.
The Heads of the Financial System Regulation Department (Denor), the Information Technology Department (Deinf), and the Banking Supervision Department (Desup), in the exercise of the powers conferred upon them by Arts. 23, item I, letter "a", 62, item IV, 81, item VI, and 116, item I, letter "b", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on Art. 2, §§ 1 and 2, of BCB Resolution No. 109, of June 24, 2021,
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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
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