Normative Instruction BCB No. 205 — Publishes deadlines for the phased and efficient launch of interfaces dedicated to data sharing on products and services available for contracting through the service channels, including those in the country, of institutions participating in Open Banking

BCB NORMATIVE INSTRUCTION NO. 205, OF
DECEMBER 10, 2021

Publishes deadlines for the phased and efficient launch of interfaces dedicated to data sharing on products and services available for contracting through the service channels, including those in the country, of institutions participating in Open Banking.

The Heads of the Department of Financial System Regulation (Denor), the Department of Information Technology (Deinf), and the Department of Banking Supervision (Desup), using 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,

R E S O L V E:

Art. 1 This Normative Instruction publishes deadlines for the phased and efficient launch of interfaces dedicated to data sharing on products and services available for contracting through the service channels, including those in the country, of institutions participating in Open Banking (APIs).

Sole paragraph. The information regarding the deadlines referred to in the caput must be available on the Open Banking page on the website of the Central Bank of Brazil on the internet and on the Open Banking Portal of Brazil, maintained by the Structure Responsible for Open Banking Governance referred to in Art. 44, § 1, of Joint Resolution No. 1, of 2020.

Art. 2 Participating institutions must implement the phased and efficient launch of APIs for the purpose of data sharing on products and services referred to in Art. 5, item I, letter "b", items 6 to 10, of Joint Resolution No. 1, of 2020.

§ 1 The phased and efficient launch referred to in the caput must be carried out observing the following deliveries and respective deadlines, applicable to all participating institutions:

I - obtaining functional certification of the APIs: from December 15, 2021, until the deadline defined in item II for each set of products and services specified; and

II - registration in the productive environment of the Participants Directory of the APIs related to products and services of:

a) insurance, open supplementary pension, and capitalization: until March 4, 2022;

b) payment arrangement acquiring services: until March 11, 2022;

c) foreign exchange operations: until March 18, 2022; and

d) time deposit accounts and other products with an investment nature: until March 25, 2022.

§ 2 The Departments of Financial System Regulation (Denor), Information Technology (Deinf), and Banking Supervision (Desup) of the Central Bank of Brazil will monitor the phased and efficient launch process referred to in the caput, and may adopt complementary measures to those provided for in this Normative Instruction.

Art. 3 This Normative Instruction enters into force on the date of its publication.

Renato
Kiyotaka Uema

Haroldo
Jayme Martins Froes Cruz

Head of the Department of Regulation of the Financial System, substitute

Head of the Department of
Information Technology

Belline
Santana

Head of the Department of Supervision
Banking