2022-03-03 | Resolução BCB 195

Added 2026-09-27

Resolution BCB No. 195 — Approves the Regulation of the Instant Payment System (SPI) and the Instant Payment Account (Conta PI)

Resolution BCB No. 195 approves the regulation governing the Instant Payment System (SPI) and the Instant Payment Account (Conta PI) at the Central Bank of Brazil, establishing the legal framework for real-time gross settlement of instant payments. The regulation defines direct and indirect participants, mandates a minimum availability index of 99.90%, and sets operational requirements including 24/7 availability and specific security and connection protocols. It revokes seven previous circulars and resolutions, with the resolution entering into force on April 1, 2022.

Brazil

Banco Central do Brasil

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RESOLUTION BCB NO. 195, OF MARCH 3, 2022

Approves the
Regulation of the Instant Payment System (SPI) and the Instant Payment Account (Conta PI).

The Collegiate Board of the Central Bank of Brazil, in a session held on March 3, 2022, based on art. 10, item IV, of Law No. 4.595, of December 31, 1964, on art. 10 of Law No. 10.214, of March 27, 2001, on arts. 7, 9, 10, 14 and 15 of Law No. 12.865, of October 9, 2013, on Resolution No. 4.282, of November 4, 2013, and on arts. 8 and 12 of CMN Resolution No. 4.952, of September 30, 2021,

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Show all related documents (23)

Supersedes: Circular No. 3.441 dated 2009-03-02not in RegAlertCircular No. 3.628 dated 2013-02-19not in RegAlertCircular No. 4.027 dated 2020-06-12not in RegAlertResolution No. 104 dated 2021-06-08not in RegAlertResolution No. 22 dated 2020-10-08not in RegAlertResolution No. 40 dated 2020-11-13not in RegAlert
Amended by: Central Bank Resolution No. 554 Amending the Regulations for the Instant Payment System (SPI) and Instant Payment Account (Conta PI)2026 BCB Resolution No. 524 — Amends the Regulation Annexed to BCB Resolution No. 195 of March 3, 2022, Which Regulates the Operation of the Instant Payment System (SPI) and the Instant Payment Account (Conta PI) at the Central Bank of Brazil2025 BCB Resolution No. 412 — Amends the Regulation annexed to BCB Resolution No. 195 regarding the Instant Payment System (SPI) and Instant Payment Account (Conta PI)2024 BCB Resolution No. 235 Amending the Regulation of the Instant Payment System (SPI) and Instant Payment Account (Conta PI)2022 BCB Resolution No. 213 — Amends the Regulation annexed to BCB Resolution No. 195 of March 3, 2022, which regulates the operation of the Instant Payment System (SPI) and the Instant Payment Account (Conta PI) at the Central Bank of Brazil2022
Issued under: BCB Resolution No. 175 — Regulates Central Bank of Brazil rediscount in intraday and one-business-day repurchase agreement mode with STR and SPI institutions2021 Lei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil)1964Law No. 10.214 dated 2001-03-27not in RegAlertLaw No. 12.865 dated 2013-10-09not in RegAlertResolution No. 4.282 dated 2013-11-04not in RegAlert
Basis for: Normative Instruction BCB No. 529 of October 4, 20242024 Instruction Normative BCB No. 439 — Amends Instruction Normative BCB No. 243 Regarding Direct Participation in the Instant Payment System (SPI)2023 BCB Instruction No. 382 of May 16, 2023 — Amends BCB Instruction No. 243 Regarding Direct Participation in the Instant Payment System (SPI) and Account Opening Procedures2023 Instruction Normative BCB No. 370 of April 10, 20232023 Normative Instruction BCB No. 350 of February 15, 20232023 Normative Instruction BCB No. 243 — Procedures for Direct Participation in the Instant Payment System (SPI), Instant Payment Account (PI Account) Opening, and Maximum Time Limits for Validation and Settlement2022
Referred to by: BCB Instruction No. 289 — Reestablishes the continuity of time limits for applicants in account opening processes and direct participation in STR and SPI2022

Timeline

Amended 5 times · last 2026-03-24

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