Normative Instruction BCB No. 357 — Publishes the Schedule for Control Points in the Production Publication Process of Open Finance Open Data APIs for Foreign Exchange, Investments, and Accreditation

Cosif - Directed Accounts Microcredit - Cta

INSTRUÇÃO NORMATIVA BCB Nº 357, DE 2 DE MARÇO DE 2023

Publishes the schedule for the control points of the process for production publication of version 1.0.0 (or later) of the Open Finance open data APIs for Foreign Exchange, Investments, and Accreditation.

The Heads of the Department of Supervision of Cooperatives and Non-Bank Institutions (Desuc) and the Department of Banking Supervision (Desup), in the exercise of the authority conferred upon them by art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84.287, of February 27, 2015, based on art. 3, item II, of BCB Resolution No. 32, of October 29, 2020,

RESOLVE:

Art. 1º This Normative Instruction publishes the control points of the process for production publication of version 1.0.0 (or later) of the application programming interfaces (APIs) for open data for Foreign Exchange, Investments, and Accreditation of Open Finance, whose specifications in release candidate rc2.0 were launched on the Open Finance portal on February 14, 2023, which must follow the following schedule:

Date	Description
3/8/2023	Deadline for beginning execution of tests in the compliance engine and achieving success in at least 25% of the test modules
3/22/2023	Deadline for execution of tests in the compliance engine and achieving success in at least 50% of the test modules
4/9/2023	Deadline for execution of tests in the compliance engine and achieving success in at least 75% of the test modules
4/27/2023	Deadline for execution of tests in the compliance engine and achieving success in at least 100% of the test modules
4/30/2023	Maximum date for publication of the Open Finance directory APIs

Art. 2º The calculation of success:

I - will consider only the endpoints of the APIs that the Institution must make available, thus considered the endpoints that deal with products for which it is a participant of Open Finance;

II - may, at the discretion of the Open Finance Governance Structure (Structure), not consider the tests executed for the previous deadline (example: for the success calculation on 4/9/2023, the success obtained until 3/22/2023 may be discarded);

III - will obtain the success targets with the version of the engine available, which may be based on release candidate or stable version of the specifications.

Art. 3º Based on the monitoring of test executions, with the objective of obtaining timely maturity of the compliance engines, the Structure may publish an informational notice requesting prioritization of specific tests, relating to test modules that:

I - the institution must execute until the next deadline established for test execution (3/8/2023, 3/22/2023, or 4/9/2023);

II - in which the institution must achieve success until the next deadline established for test execution (3/8/2023, 3/22/2023, or 4/9/2023). Cases of non-achievement must be registered in the service desk according to guidelines to be issued by the Structure;

III - that must be re-executed within up to 2 business days, regardless of the previous development stage and success of each Institution;

IV - in which the Institution must achieve success within up to 5 business days, regardless of the deadlines established for test execution (3/8/2023, 3/22/2023, or 4/9/2023). Cases of non-achievement must be registered in the service desk according to guidelines to be issued by the Structure.

Art. 4º This Normative Instruction enters into force on the date of its publication.

Harold Paquete Espínola Filho
Head of the Department of Supervision of Cooperatives and Non-Bank Institutions

Belline Santana
Head of the Department of Banking Supervision

NOTE

Supports the proposal to publish a schedule for the control points of the process for production publication of version 1.0.0 (or later) of the APIs for open data for Foreign Exchange, Investments, and Accreditation of Open Finance.

This Technical Note supports the proposal for the issuance of a normative instruction, which establishes a schedule with control points for the process for production publication of version 1.0.0 (or later) of the APIs for open data for Foreign Exchange, Investments, and Accreditation of Open Finance, as provided for in item 4.2 of the Annex to BCB Normative Instruction No. 306, of September 19, 2022.

2. In compliance with the provisions of art. 5 of Law No. 13.874, of September 20, 2019, Decree No. 10.411, of June 30, 2020, determines that proposals for normative acts of general interest to economic agents formulated by bodies and entities of the direct, autarchic, and foundational federal public administration, as well as by collegiate bodies through the body or entity responsible for providing them administrative support, must be preceded by a Regulatory Impact Analysis (RIA).

3. However, it is worth highlighting that the establishment of a schedule for the control points of the process for production publication of version 1.0.0 (or later) of the APIs for open data for Foreign Exchange, Investments, and Accreditation of Open Finance does not cause significant impacts for the set of and institutions participating in Open Finance, as it deals with the definition of control points in the established schedule. In this sense, according to art. 4, item III, of the aforementioned Decree, the normative act now proposed is exempt from the preparation of an RIA as it is considered low impact.

For your consideration.

Rodrigo Monteiro
Deputy Head of the Department of Supervision of Cooperatives and Non-Bank Institutions

Ricardo Seviere Zeni
Deputy Head of the Department of Banking Supervision

Agreed.

Harold Paquete Espínola Filho
Head of the Department of Supervision of Cooperatives and Non-Bank Institutions

Belline Santana
Deputy Head of the Department of Banking Supervision