Normative Instruction BCB No. 78 — Establishes the schedule for the complementary cycle of homologatory integration tests for financial institutions, accredited entities, and registrars

BCB NORMATIVE INSTRUCTION NO. 78, OF FEBRUARY 17, 2021

Establishes the schedule for the complementary cycle of homologatory integration tests that must be observed by financial institutions, accredited and sub-accredited entities, and registrars for the conduct of the operations and activities covered by Resolution No. 4,734 and Circular No. 3,952, both dated June 27, 2019, and amends Normative Instructions No. 41, of November 5, 2020, and No. 70, of January 15, 2021.

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,

R E S O
L V E:

Art.

1. This Normative Instruction establishes the schedule for the complementary cycle of homologatory integration tests to be observed by financial institutions intending to conduct operations covered by CMN Resolution No. 4,734, of June 27, 2019, by accredited and sub-accredited entities, and by registrars intending to register the financial assets covered by Circular No. 3,952, of June 27, 2019.

Art. 2. The registrar entities signatories to the convention covered by Chapter V of Circular No. 3,952, of 2019, and authorized by the Central Bank of Brazil to conduct the receivables registration activity covered by that Circular, shall submit, by February 24, 2021, a joint proposal for a complementary plan for homologatory integration tests, for approval by this autarchy.

§ 1. The complementary plan for homologatory integration tests must provide for test cycles and scenarios, guidelines on data sets, and other important information for the conduct of tests that, although not covered in the plan presented in compliance with BCB Normative Instruction No. 41, of November 5, 2020, proved relevant for the effective validation of the registrars' systems and their respective participants.

§ 2. The complementary plan must provide for stages so that accredited entities that have completed the homologatory integration test cycle through registrar entities whose systems were considered, as of February 1, 2021, unfit to conduct the payment arrangement receivables registration activity, re-execute that test cycle, as well as the tests provided for in the complementary plan covered by the main text, at a registrar entity considered fit as of February 1, 2021.

§ 3. The complementary plan must provide for load tests with the most relevant accredited institutions and financial institutions, in volume of records and contracts, at each registrar.

§ 4. Objective criteria must be established to determine the participants eligible for the tests mentioned in § 3.

§ 5. To ensure the full success of the execution of the complementary test plan, registrar entities must prepare adequate documentation to communicate to their participants the objectives of the tests and the expected behavior and results, especially for interoperability functions.

Art. 3. The complementary plan for homologatory integration tests must additionally include the list of any adjustments and improvements in the interoperability environment and the description of the interoperability tests that must be conducted to validate them, in order to enable the safe and efficient functioning of that environment.

Sole paragraph. The tests covered by the main text must be conducted by the registrar entities by March 24, 2021.

Art. 4. Financial institutions, accredited and sub-accredited entities, as well as registrar entities, must successfully complete all stages provided for in the homologatory integration test plan, defined in BCB Normative Instruction No. 41, of 2020, as well as the new stages established in the complementary cycle of homologatory integration tests.

Sole paragraph. Financial institutions, accredited and sub-accredited entities that successfully concluded, by February 1, 2020, the tests covered by BCB Normative Instruction No. 41, of 2020, that submitted a readiness declaration without indicating any reservation, and that decide to conduct the complementary cycle tests with the same registrar, are exempt from redoing the stages provided for in the homologatory integration test plan, defined within the scope of said Normative Instruction.

Art. 5. Financial institutions, accredited entities, and registrar entities must submit by May 10, 2021, a readiness declaration for the conduct of the operations covered by Resolution No. 4,734, of 2019, and Circular No. 3,952, of 2019, signed by the designated responsible director.

§ 1. The readiness declaration mentioned in the main text is linked to the successful completion of all stages provided for in the homologatory integration test plans established in BCB Normative Instruction No. 41, of 2020, and this Normative Instruction.

§ 2. In the case of accredited entities that participated in the homologatory test cycle established in BCB Normative Instruction No. 41, of 2020, through registrar entities whose systems were not considered, as of February 1, 2021, fit to conduct the payment arrangement receivables registration activity, the readiness declaration is conditioned upon the successful completion, at least at one registrar entity whose system was considered fit as of February 1, 2021, of all stages provided for in the two cycles of homologatory integration tests.

§ 3. In the case of financial institutions eligible for load tests, according to the criteria established in the complementary plan for homologatory integration tests, a specific declaration regarding the successful execution of these tests must be submitted by May 24, 2021.

§ 4. Accredited entities participating in the mandatory homologatory integration tests that successfully complete all tests provided for by May 10, 2021, shall communicate, after specific determination by the Central Bank of Brazil, to the sub-accredited entities for which they provide services and that have not successfully completed the tests provided for, the temporary suspension of the provision of those services starting June 7, 2021.

Art. 6. Registrar entities participating in the tests that declare, by May 10, 2021, fitness to conduct the registration of operations involving receivables of payment arrangements included in the Brazilian Payments System, in accordance with CMN Resolution No. 4,734, of 2019, and Circular No. 3,952, of 2019, must keep the technological environment available until May 28, 2021, so that participants can conduct any additional tests.

Art.
7. BCB Normative Instruction No. 70, of January 15, 2021, shall enter into force with the following alteration:

"Art. 4. The tests provided for in arts.
2 and 3 may be conducted starting July 5, 2021." (NR)

Art. 8. Arts. 7, 8, 9, 10, 11, and 11-A of BCB Normative Instruction No. 41, of 2020, are hereby repealed.

Art. 9. This Normative Instruction enters into force on the date of its publication.

João André Calvino
Marques Pereira Ângelo José Mont Alverne Duarte Head of the Department of Financial System Regulation Head of the Department of Competition of the Financial System and of Financial Market Studies

Adalberto Felinto da Cruz Junior
Head of the Department of
Strategic Management and Specialized Supervision