Normative Instruction BCB No. 602 of March 27, 2025

Resolution No. 222

NORMATIVE INSTRUCTION
BCB No. 602, OF MARCH 27, 2025

Amends
Circular Letter No. 3,869, of March 19, 2018, which amends and consolidates the procedures to be observed in the submission of information to the Credit Information System (SCR), as provided for in Circular No. 3,870, of December 19, 2017.

The Head of the Department of Financial System Monitoring – in the exercise of the authority conferred upon him by Art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, published through Resolution BCB No. 340, of September 21, 2023, based on Art. 85, item I, letter “b”, of said Regulations, and considering the provisions of Circular No. 3,870, of December 19, 2017, Resolution BCB No. 1, of August 12, 2020, and Circular Letter No. 3,869, of March 19, 2018,

RESOLVES:

Art. 1 This Normative Instruction provides for the submission to the Central Bank of Brazil of documents with code 3040 – Credit Risk Data, 3042 – Correction of document 3040, 3044 – Data on Events in Credit Operations by payment institutions not authorized to operate by the Central Bank of Brazil that are participants in Pix or are in the process of adhering to Pix, as per Art. 3, § 9 of Resolution BCB No. 1, of August 12, 2020.

Art. 2 Circular Letter No. 3,869, of March 19, 2018, published in the Official Gazette of the Union on 3/20/2018, Section 1, p. 22/23, shall enter into force with the following amendments:

“Art. 2 ...................................................................................................................................

.................................................................................................................................................

III-A - by the payment institutions referred to in Art. 3, § 9 of Resolution BCB No. 1, of August 12, 2020, as established in Art. 3, § 5, item III, letter “b” of said Resolution, regarding:

a) all credit operations carried out

• through document code 3040 – Credit Risk Data;

b) corrections to information in document code 3040 – Credit Risk Data, through document code 3042 – Correction of document 3040;

.......................................................................................................................................”
(NR)

“Art. 2-A ................................................................................................................................

I - by the institutions listed in Art. 4 of Resolution CMN No. 5,037, of September 29, 2022, by Payment Institutions, as provided in Art. 2 of Circular No. 3,870, of 2017, and by payment institutions referred to in Art. 3, § 9 of Resolution BCB No. 1, of August 12, 2020, as established in Art. 3, § 5, item III, letter “b” of said Resolution;

.......................................................................................................................................”
(NR)

Art. 3 This Normative Instruction enters into force on the date of its publication, producing effects:

I - from November 1, 2025, regarding item I of Art. 2-A; and

II - from July 1, 2025, regarding the remaining items.

ANDRÉ MAURÍCIO TRINDADE DA
ROCHA

NOTE

The Credit Information System – SCR is a system in which credit operations of clients whose direct risk to the financial institution (sum of credit operations, interbank transfers, co-obligations, limits, and credits to be disbursed) is equal to or greater than R$ 200.00 (two hundred reais) are registered. The SCR is managed by the Central Bank and fed monthly by financial institutions, being continuously updated in order to fulfill the functions provided for in Art. 2 of Resolution CMN No. 5,037, of September 29, 2022, and under the terms of Circular No. 3,870, of December 19, 2017.

2. Resolution BCB No. 429, of November 11, 2024, amended Resolution BCB No. 1, of August 12, 2020, to determine that payment institutions not authorized to operate by the Central Bank of Brazil that are participants in Pix or are in the process of adhering to Pix, as per Art. 3, § 9 of Resolution BCB No. 1, of August 12, 2020, must prepare and submit information relating to credit operations, in accordance with Art. 2 of Circular No. 3,870, of December 19, 2017.

3. To comply with what is stated in Resolution BCB No. 1, of August 12, 2020, it is necessary to amend Circular Letter No. 3,869, of March 19, 2018, so that the institutions referred to in the previous paragraph send, from July 1, 2025, the following documents relating to the Credit Information System (SCR):

I - 3040 - Credit Risk Data;

II - 3042 - Correction of document
3040; and

III - 3044 - Data on Events in
Credit Operations.

4. Decree No. 10,411, of June 30, 2020, regulates the carrying out of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts of general interest to economic agents. However, in its Article 4, said decree establishes the hypotheses for dispensing with the carrying out of AIR. This Normative Instruction falls under the hypothesis provided for in item II – normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives.

5. The amendment introduced by Resolution BCB No. 429, of November 11, 2024, in Resolution BCB No. 1, of August 12, 2020, determined that payment institutions that fall under the provisions of Art. 3, § 9 of Resolution BCB No. 1, of 2020, must submit information relating to credit operations, in accordance with Art. 2 of Circular No. 3,870, of December 19, 2017. With this, there was no alternative but to amend the Circular Letter that disciplines the submission of this information to the Central Bank of Brazil to include this new obligation, thus justifying the classification of this BCB Normative Instruction (IN BCB) under item II of Decree No. 10,411, of June 30, 2020.

6. Thus, based on the provisions of paragraphs 4 and 5, I understand that the issuance of this IN BCB is exempt from the carrying out of AIR.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA
Head of the Department of Financial System Monitoring