Normative Instruction BCB No. 76 — Procedures for Communication to the Central Bank of Brazil Regarding Contract Termination and Ordered Exit from Pix

BCB NORMATIVE INSTRUCTION NO. 76,
OF FEBRUARY 4, 2021

Establishes the procedures for communication to the Central Bank of Brazil in case of contractual resolution between the responsible participant and the contracting participant and in case of ordered exit of a participant from Pix.

The Head of the Department of Competition and Market Structure (Decem), using the powers conferred by art. 97-A, item X, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, and taking into account the provisions of arts. 28, 29 and 30 of the Regulation annexed to Resolution BCB No. 1, of August 12, 2020,

R E S O L V E :

Art. 1º The termination of the contract entered into between the contracting participant and the responsible participant, as provided for in art. 29 of the Regulation Annexed to Resolution BCB No. 1, of August 12, 2020 (Pix Regulation), must be notified to the Central Bank of Brazil.

Sole Paragraph. The notification must:

I - contain the date scheduled for the termination of the contract;

II - indicate the Pix participation requirements that were not met by the contracting participant, in the case of art. 28 of the Pix Regulation; and

III - be sent to Decem via the Central Bank of Brazil's Digital Protocol, in a free format.

Art. 2º The notification to the Central Bank of Brazil in case of ordered exit of a participant, as provided for in art. 30 of the Pix Regulation, must:

I - contain the date scheduled for the exit from Pix;

II - indicate the reasons for the exit and the actions planned to ensure there is no impact or harm to its clients, including the communication plan; and

III - be sent to Decem via the Central Bank of Brazil's Digital Protocol, in a free format.

Art. 3º This Normative Instruction enters into force on March 1, 2021.

Angelo José Mont Alverne Duarte