Normative Instruction BCB No. 256 — Consolidates procedures and criteria for disclosing information regarding foreign currency conversion rates for international card transactions

CIRCULAR N

NORMATIVE INSTRUCTION BCB NO. 256, OF MARCH 30, 2022

Consolidates procedures and criteria for disclosing information regarding foreign currency conversion rates for international card transactions, as determined by Decree No. 10,139, of November 28, 2019.

The Head of the Prudential and Exchange Regulation Department (Dereg), using the powers conferred by Article 23, item I, letter “a”, and Article 118, items II, letter “a”, and IV, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, and considering the provisions of Decree No. 10,139, of November 28, 2019, and Circular No. 3,691, of December 16, 2013, amended by Resolution BCB No. 137, of September 9, 2021,

RESOLVES:

Article 1. For the purposes of the provision of item II of § 2 of Article 143-E of Circular No. 3,691, of December 16, 2013, the payment or international transfer service provider (eFX) that is an issuer of international cards must disclose information regarding the conversion rates of the United States dollar to reais relative to cash withdrawals abroad and purchases of goods and services abroad in foreign currency, observed that:

I - the information or option to consult the conversion rate of the previous day referred to in letter “a” of item II of § 2 of Article 143-E of Circular No. 3,691, of 2013, must:

a) be available on remote customer service channels, including electronic means, with direct access to the public in the menu related to international cards; and

b) present the conversion rate with four decimal places;

II - the information regarding the history of conversion rates referred to in letter “b” of item II of § 2 of Article 143-E of Circular No. 3,691, of 2013, must:

a) be disclosed both in open data format, according to the technical specification published by the Central Bank of Brazil at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/dadosabertossfn, and in final format for direct use by the public;

b) cover the conversion rates practiced, for at least the last 180 days;

c) contain an option to consult the latest available conversion rate; and

d) present the conversion rates with four decimal places;

III - the disclosure of the conversion rates provided for in items I and II of this article must be carried out independently of user identification or authentication.

Article 2. Circular Letter No. 3,979, of October 22, 2019, is hereby revoked.

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

Ricardo Franco Moura