Normative Instruction BCB No. 350 of February 15, 2023

NORMATIVE INSTRUCTION BCB NO. 350, OF FEBRUARY 15, 2023

Amends provisions of Normative Instruction BCB No. 243, of March 16, 2022, which publishes procedures to be observed for direct participation in the Instant Payment System (SPI), for the opening of the Instant Payment Account (PI Account), and defines the maximum time limits for validation and settlement of instant payment orders, as provided in the Regulation annexed to Resolution BCB No. 195, of March 3, 2022.

The Head of the Department of Banking Operations and Payment Systems (Deban), using the powers conferred by Art. 23, item I, letter “a”, and by Art. 111, item V, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84.287, of February 27, 2015, and taking into account the provisions of the Regulation annexed to Resolution BCB No. 195, of March 3, 2022,

R E S O L V E S:

Art. 1º The Normative Instruction BCB No. 243, of March 16, 2022, shall enter into force with the following alterations:

“Art. 7º From the confirmation of the start of the process by Deban, the applicant must complete the proof-of-concept tests and submit to Deban the declaration of fitness to operate in the SPI production environment, according to the model presented in the Roadmap, within a period of 5 (five) months.

§ 1º ...........................................................................................................

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§ 3º The extension of the period referred to in § 1º shall be automatic, if the extension of the period for completion of the homologation stage of the adherence process to the Pix arrangement is granted, according to Decem’s regulation.

§ 4º The closure of the adherence process to the Pix arrangement implies the closure of the process for requesting direct participation in the SPI and opening of the PI Account.” (NR)

“Art. 11-A. The applicant must ensure the registration of the director or holder of an administrative position responsible for SPI-related matters in the Information System about Entities of Interest of the Central Bank (Unicad), in compliance with current regulation.” (NR)

“Art. 15. Upon receipt of the communication referred to in Art. 13 of this Normative Instruction, the applicant must inform Decem, with a minimum advance of 3 (three) business days, of the date and time expected for the start of operations in the SPI production environment.” (NR)

Art. 2º Articles 12 and 14 of Normative Instruction BCB No. 243, of 2022, are hereby revoked.

Art. 3º This Normative Instruction enters into force on March 1, 2023.

Rogério Antônio Lucca

NOTE

Since this is a normative act that reduces requirements, obligations, restrictions, requests, or specifications with the objective of reducing regulatory costs, given that it simplifies communication between the applicant and this Central Bank in the homologation process for direct participation in the SPI, the preparation of a regulatory impact analysis (AIR) is waived, in accordance with the provisions of Art. 4, item VII, of Decree No. 10.411, of June 30, 2020.

Rogério
Antônio Lucca

Head of the Department of Banking Operations and Payment Systems