RegAlert2021-07-22 | Resolução BCB 118Added
Resolution BCB No. 118 — Amends Resolution BCB No. 1 of August 12, 2020, which institutes the Pix payment arrangement and approves its Regulations
This resolution amends the Pix payment arrangement regulations to formally introduce and regulate the Payment Transaction Initiation Service (PIS), defining eligible providers such as payment institutions and authorized entities. It establishes specific operational rules, including mandatory DICT access restrictions for initiators, fraud rejection obligations, and dispute resolution mechanisms. The text sets phased implementation deadlines for various initiation methods, requiring PIS availability by September 30, 2021, and dynamic/static QR code initiation via PIS by November 1, 2021, while mandating Scheduled Pix offerings by September 1, 2021.
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RESOLUTION BCB NO. 118, OF JULY 22, 2021
Amends
Resolution BCB No. 1, of August 12, 2020, which institutes the Pix payment arrangement and approves its Regulations, and the Regulation annexed to Resolution BCB No. 1, of 2020, which disciplines the functioning of the Pix payment arrangement.
The Collegiate Board of the Central Bank of Brazil, in a session held on July 21, 2021, based on art. 10, item IV, of Law No. 4.595, of December 31, 1964, in art. 10 of Law No. 10.214, of March 27, 2001, in arts. 6, 7, 9, 10, 14 and 15 of Law No. 12.865, of October 9, 2013, and having in view the disposed in Resolution No. 4.282, of November 4, 2013, in Communication No. 32.927, of December 21, 2018, and in Communication No. 34.085, of August 28 2019,
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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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