Normative Instruction BCB No. 448 of January 4, 2024

This instruction amends Normative Instruction BCB No. 374 to specify the procedures, deadlines, documents, and information required for processing authorization requests related to the operation of Financial Market Systems (SMF) within the Brazilian Payments System (SPB). It defines independence criteria for contracted independent companies, details required documentation for settlement, central securities depository, and registration systems, and establishes rules for recovery plans and materiality assessments of proposed changes. The regulation also clarifies exemptions for interoperability arrangements and interconnections between specific systems, entering into force on January 8, 2024.

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Resolution No. 222

NORMATIVE INSTRUCTION BCB No. 448, OF JANUARY 4, 2024

Amends
Normative Instruction BCB No. 374, of April 26, 2023, which disseminates procedures, deadlines, documents, and information necessary for processing authorization requests related to the operation of Financial Market Systems (SMF) within the scope of the Brazilian Payments System (SPB), and the types of changes in SMFs and their regulations that represent relevant risk to their security, efficiency, solidity, and normal operation of the SPB or the National Financial System (SFN).

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Lineage: In force

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This document amends: Normative Instruction BCB No. 374 of April 26, 2023

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