RegAlert2026-01-29 | Instrução Normativa BCB 705Added
Normative Instruction BCB No. 705 of January 29, 2026
This instruction amends Normative Instructions BCB Nos. 103 and 299 to require payment institutions and entities under CMN Resolution No. 4,970 to include a justified rationale demonstrating the economic-financial viability of their business and the compatibility of their IT infrastructure and corporate governance with business complexity and risks when applying for foreign exchange market authorization. It also removes references to foreign exchange brokers, securities brokers, and securities distributors from Normative Instruction BCB No. 299, as these entities are no longer governed by CMN Resolution No. 4,970 due to transferred regulatory competence. The amendments align application requirements with obligations established in BCB Resolution No. 521 and enter into force on February 2, 2026.
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BCB NORMATIVE INSTRUCTION NO. 705, OF JANUARY 29, 2026
Amends BCB Normative Instruction No. 103, of April 30, 2021, and BCB Normative Instruction No. 299, of August 30, 2022, to provide for changes to the instructions for authorization requests to operate in the foreign exchange market by payment institutions and by the institutions referred to in CMN Resolution No. 4,970, of November 25, 2021, respectively, and regarding the exclusion of reference to foreign exchange broker companies, securities and values broker companies, and securities distributor companies in BCB Normative Instruction No. 299, of 2022.
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Show all related documents (9)
- Amends
- Normative Instruction BCB No. 299 — Discloses procedures, documents, deadlines and information necessary for the instruction of authorization requests related to the functioning of institutions governed by CMN Resolution No. 4,970 of November 25, 20212022Normative Instruction BCB No. 103 — Procedures for Authorization of Payment Institutions and Payment Services2021
- Issued under
- BCB Resolution No. 519 — Regulates Authorization Processes for Foreign Exchange Brokers, Securities and Derivatives Brokers, Securities Distributors, and Virtual Asset Service Providers2025Law No. 14,286 of December 29, 2021 – Brazilian foreign exchange market, Brazilian capital abroad and foreign capital in Brazil2021BCB Resolution No. 81 — Regulates Authorization Processes for Payment Institutions and Payment Services2021Law No. 4728 dated 1965-07-14not in RegAlertResolution No. 277 dated 2022-12-31not in RegAlertResolution No. 340 dated 2023-09-21not in RegAlert
- Refers to
- Law No. 9,613 of March 3, 1998 — Money Laundering Crimes; Prevention of Financial System Use for These Illicit Acts; Creation of COAF1998
Timeline
This document amends: Normative Instruction BCB No. 299 — Discloses procedures, documents, deadlines and information necessary for the instruction of authorization requests related to the functioning of institutions governed by CMN Resolution No. 4,970 of November 25, 2021, Normative Instruction BCB No. 103 — Procedures for Authorization of Payment Institutions and Payment Services
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
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