Normative Instruction BCB No. 350 of February 15, 2023

This instruction amends Normative Instruction BCB No. 243/2022 by modifying Article 7 to require applicants to complete proof-of-concept tests and submit a fitness declaration within five months of Deban's confirmation, with an automatic extension tied to Pix homologation deadlines and automatic process closure if Pix admission ends. It introduces Article 11-A, mandating that applicants register the SPI-related director or administrative officer in the Unicad system, and updates Article 15 to require applicants to notify Decem of production environment operation start dates at least three business days in advance. The regulation revokes Articles 12 and 14 of the original instruction and enters into force on March 1, 2023, exempting the act from a regulatory impact analysis due to reduced regulatory burdens.

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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,

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This document amends: Normative Instruction BCB No. 243 — Procedures for Direct Participation in the Instant Payment System (SPI), Instant Payment Account (PI Account) Opening, and Maximum Time Limits for Validation and Settlement

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