Normative Instruction BCB No. 645 of July 31, 2025

Resolution No. 222

NORMATIVE INSTRUCTION
BCB NO. 645, OF JULY 31, 2025

Amends the Normative Instruction BCB No. 103, of April 30, 2021, the Normative Instruction BCB No. 299, of August 30, 2022, and the Normative Instruction BCB No. 398, of June 29 2023, to provide for the simplification of the processing of authorization requests related to the operation of payment institutions, the institutions referred to in CMN Resolution No. 4,970, of November 25, 2021, and consortium administrators, respectively.

The Head of the Department of Organization of the Financial System — Deorf, in the exercise of the attribution conferred upon him by arts. 23, item I, subsection “a”, and 98, item VI, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on art. 4º of Resolution BCB No. 81, of March 25, 2021, in art. 27 of CMN Resolution No. 4,970, of November 25, 2021, and in art. 6º of Resolution BCB No. 233, of July 27, 2022,

RESOLVES:

Art. 1º The Normative Instruction BCB No. 103, of April 30, 2021, published in the Official Gazette of the Union on May 4, 2021, shall enter into force with the following alterations:

“Art. 6º ...................................................................................................................................

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VI - declaration, signed by the controlling shareholders and by holders of qualified participation, natural persons, and by elected or appointed administrators, attesting to compliance with the requirement of unblemished reputation and the conditions established by the legislation and regulation in force, in the form of Sisorf model 8.13.30.2 or 8.13.30.4 or 8.13.30.18;

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XII - authorization, signed by the elected or appointed administrators, in the form of Sisorf model 8.13.30.2 or 8.13.30.18, to the Central Bank of Brazil to, during the process of approval of their names and the period of exercise of the office:

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

“Art. 9º ...................................................................................................................................

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VII - information and supporting documentation proving compliance with the requirement of economic-financial capacity, compatible with the capital necessary for the structuring and operation of the payment institution, as well as for contingencies arising from market dynamics, through which the evolution of assets in the last three fiscal years can be verified, relating to a new controlling shareholder that is a natural person resident or domiciled abroad or a legal entity headquartered abroad;

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

“Art. 10. ..................................................................................................................................

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IV - well-founded justification proving the sustainability of the business model of the enterprise, in the form of Annex III.” (NR)

“Art. 12. ..................................................................................................................................

I - request, in the form of Sisorf model 8.13.10.1 or 8.13.10.33;

II - declaration, signed by the elected or appointed administrators, attesting to compliance with the requirement of unblemished reputation and the conditions established by the legislation and regulation in force, in the form of Sisorf model 8.13.30.2 or 8.13.30.18, except for those elected or appointed referred to in § 2º;

III - authorization, signed by the elected or appointed administrators, in the form of Sisorf model 8.13.30.2 or 8.13.30.18, to the Central Bank of Brazil to, during the process of approval of their names and the period of exercise of the office, except for those elected or appointed referred to in § 2º:

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

§ 2º The documentation provided for in items II and III of the caput, in the form of Sisorf model 8.13.30.2, shall be kept under the custody of the institution, for submission to the Central Bank of Brazil when requested, in the case of elected or appointed person for an administrative position with a mandate in force in an administrative body in the same institution or in another institution authorized to operate by the Central Bank of Brazil that is part of a prudential conglomerate in which it participates.

§ 3º The provisions of § 2º do not apply to institutions governed by Law No. 13,303, of June 30, 2016.” (NR)

Art. 2º The Normative Instruction BCB No. 299, of August 30, 2022, published in the Official Gazette of the Union on August 31, 2022, shall enter into force with the following alterations:

“Art. 11. ..................................................................................................................................

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

II - declaration, signed by the elected or appointed persons, attesting to compliance with the requirements of unblemished reputation and, in the case of administrators, technical capacity compatible with the functions to be exercised during the mandate, as well as with the conditions established by the legislation and regulation in force, in the form of Sisorf model 8.20.20.5 or 8.20.20.6, except for those elected or appointed referred to in § 2º;

III - authorization, signed by the elected or appointed persons, in the form of Sisorf model 8.20.20.5 or 8.20.20.6, to the Central Bank of Brazil to, during the process of approval of their names and the period of exercise of the office, except for those elected or appointed referred to in § 2º:

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

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

§ 2º The documentation provided for in items II and III of the caput, in the form of Sisorf model 8.20.20.5, shall be kept under the custody of the institution, for submission to the Central Bank of Brazil when requested, in the case of:

I - elected or appointed persons, except for administrative positions;

II - elected or appointed persons for administrative positions with a mandate in force in an administrative body in the same institution or in another institution authorized to operate by the Central Bank of Brazil that is part of a prudential conglomerate in which it participates.

§ 3º The provisions of § 2º do not apply to institutions governed by Law No. 13,303, of June 30, 2016.” (NR)

Art. 3º The Normative Instruction BCB No. 398, of June 29, 2023, published in the Official Gazette of the Union on June 30, 2023, shall enter into force with the following alterations:

“Art. 11. ..................................................................................................................................

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

II - declaration, signed by the elected or appointed administrators, attesting to compliance with the requirements of unblemished reputation and technical capacity compatible with the functions to be exercised during the mandate, as well as with the conditions established by the legislation and regulation in force, in the form of Sisorf model 8.21.20.5 or 8.21.20.6, except for those elected or appointed referred to in § 2º;

III - authorization, signed by the elected or appointed administrators, in the form of Sisorf model 8.21.20.5 or 8.21.20.6, to the Central Bank of Brazil to, during the process of approval of their names and the period of exercise of the office, except for those elected or appointed referred to in § 2º:

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

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

§ 2º The documentation provided for in items II and III of the caput, in the form of Sisorf model 8.21.20.5, shall be kept under the custody of the institution, for submission to the Central Bank of Brazil when requested, in the case of elected or appointed person for an administrative position with a mandate in force in an administrative body in the same institution or in another institution authorized to operate by the Central Bank of Brazil that is part of a prudential conglomerate in which it participates.

§ 3º The provisions of § 2º do not apply to institutions governed by Law No. 13,303, of June 30, 2016.” (NR)

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

CAROLINA
PANCOTTO BOHRER

NOTE

This Normative Instruction BCB – IN BCB aims to amend provisions with a view to simplifying and rationalizing the procedural processing.

2. 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. However, in its article 4º, the aforementioned decree establishes the hypotheses for dispensing with the carrying out of AIR. This IN BCB falls under the hypothesis provided for in item II, as it does not bring any additional requirement to that contained in the current regulation and is intended to clarify the manner of compliance with obligations defined in a hierarchically superior norm. Thus, based on item II of art. 4º of Decree No. 10,411, of 2020, I understand that the issuance of this normative instruction dispenses with the carrying out of AIR.

CAROLINA PANCOTTO BOHRER
Head

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