Normative Instruction BCB No. 75 — Amending Normative Instruction BCB No. 41 of November 5, 2020

This instruction amends Normative Instruction BCB No. 41 by establishing new Articles 8, 9, 11, and 11-A, which mandate the temporary suspension of specific payment arrangement activities for financial institutions, acquiring institutions, and registrars that fail to successfully complete mandatory integration homologation tests by February 1, 2021. The suspension of operations, acquiring activities, or receivable registration must begin on February 17, 2021, and remain in effect until a new test cycle is satisfactorily concluded, but only after a specific determination by the Central Bank of Brazil. These obligations apply to entities participating in the integration tests required under Resolution No. 4,734 and Circular No. 3,952.

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NORMATIVE INSTRUCTION BCB NO. 75, OF FEBRUARY 3, 2021

Amends
Normative Instruction BCB No. 41, of November 5, 2020, which establishes a schedule for integration homologation tests to be observed by financial institutions, acquiring and sub-acquiring institutions, and registrars for the performance of the operations and activities covered by Resolution No. 4,734 and Circular No. 3,952, both of June 27, 2019.

The Heads of the Department of Financial System Regulation (Denor), the Department of Competition and Financial Market Structure (Decem), and the Department of Strategic Management and Specialized Supervision (Degef), in the exercise of the powers 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 Arts. 8 of CMN Resolution No. 4,734, of June 27, 2019, and 15-B of Circular No. 3,952, of June 27, 2019,

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This document amends: Normative Instruction BCB No. 41 — Establishes the schedule for integration homologation tests for financial institutions, accredited and sub-accredited institutions, and registering entities

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