Resolution BCB No. 202 — Establishes the calculation of the risk-weighted asset (RWA) portion for capital requirements associated with payment services risks (RWASP)

Resolution No. 202

BCB RESOLUTION
NO. 202, OF MARCH 11, 2022

Establishes the calculation of the portion of risk-weighted assets (RWA) relative to the calculation of the capital required for risks associated with payment services (RWASP) established in CMN Resolution No. 4,958, of October 21, 2021, Resolution No. 4,606, of October 19, 2017, and BCB Resolutions Nos. 200 and 201, both of March 11, 2022. (Wording given, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

The Collegiate Board of the Central Bank of Brazil, in a session held on March 9, 2022, based on the provisions of arts. 9, 10, item IX, and 11, item VII, of Law No. 4,595, of December 31, 1964, arts. 9, item II, and 15 of Law No. 12,865, of October 9, 2013, and taking into account the provisions of arts. 3, § 2, of CMN Resolution No. 4,958, of October 21, 2021, and 11, sole paragraph, of Resolution No. 4,606, of October 19, 2017, (Wording given, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

R E S O
L V E :

Art. 1 This Resolution provides for the calculation of the portion of risk-weighted assets (RWA) relative to the calculation of the capital required for risks associated with payment services (RWASP) established in:

I - BCB Resolution No. 200, of March 11, 2022; (Wording given, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

II - BCB Resolution No. 201, of March 11, 2022; (Wording given, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

III - CMN Resolution No. 4,958, of October 21, 2021; and (Included, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

IV - Resolution No. 4,606, of October 19, 2017. (Included, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

Art. 2 The RWASP portion calculation must be performed based on the following formula:

§ 1 For the purposes of the provisions of the main text:

I - the D factor corresponds to:

a) for an institution subject to the regulation mentioned in art. 1, main text, item I, to the factor F provided for therein; (Wording given, effective from 1/1/2025, by BCB Resolution No. 447, of December 19, 2024.)

b) for a Type 3 conglomerate opting for the simplified methodology for calculating the minimum SCR requirement, to the value established in art. 10 of BCB Resolution No. 201, of March 11, 2022; (Wording given, effective from 1/1/2025, by BCB Resolution No. 447, of December 19, 2024.)

c) for an institution subject to CMN Resolution No. 4,958, of 2021, to the value of the F factor provided for in its art. 4; (Included, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

d) for an institution opting for the simplified methodology for calculating the minimum SCR requirement, to the values established in art. 12 of Resolution No. 4,606, of 2017; (Included, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

II - MOE = component related to risks associated with the electronic money issuance service, as provided for in art. 3, item I, of BCB Resolution No. 80, of March 25, 2021;

III - ADQ = component related to exposure associated with payment instrument accreditation services, as provided for in art. 3, item III, of BCB Resolution No. 80, of 2021, and sub-accreditation, as provided for in BCB Resolution No. 150, of October 6, 2021; and

IV - PISP = component related to risks associated with the payment transaction initiation service, as provided for in art. 3, item IV, of BCB Resolution No. 80, of 2021.

§ 2 The components mentioned in items II to IV of § 1 must be calculated on a consolidated basis, disregarding payment flows carried out between institutions that are part of the same conglomerate, in accordance with the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

Art. 3 The value of the MOE component corresponds to the sum of:

I - 0.2% (two-tenths of one percent) of the monthly average of payments made and funds transferred by the institution over the last 12 (twelve) months; and

II - 1% (one percent) of the monthly average of electronic money issued by it over the last 12 (twelve) months.

§ 1 For the purposes of calculating item I of the main text, the following must be considered:

I - payments made in payment arrangements established by private legal entities; and

II - withdrawals, transfers carried out through instant payment arrangements (Pix), available electronic transfer (TED), Credit Document (DOC), bank slip settlement, authorized direct debits (DDA), and other similar instruments. (Wording given, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

§ 2 For the purposes of calculating item II of the main text, the amount of electronic money issued on the base date for the calculation of balance sheets and interim financial statements must be considered.

§ 3 Transfers and payments made by the institution relating to cash allocation operations, federal public debt securities, and repo transactions, in accordance with art. 22 of BCB Resolution No. 80, of 2021, and operations for the purchase of federal public debt securities in the Special Settlement and Custody System (Selic) must not be considered for the purposes of calculating item I of the main text.

Art. 4 The value of the ADQ component corresponds to 2% (two percent) of the monthly average value of transactions in which the institution acts exclusively as an acquirer or sub-acquirer over the last 12 (twelve) months.

Art. 5 The value of the PISP component corresponds to the application of a percentage on the monthly average value of payment transactions initiated by the institution over the last 12 (twelve) months, observing the following schedule:

I - 1.25% (one and twenty-five hundredths percent), from July 1, 2023 to December 31, 2024; and (Wording given, effective from 1/12/2022, by BCB Resolution No. 258, of November 18, 2022.)

II - 1.5% (one and five-tenths percent), from January 1, 2025.

Art. 6 Until 12 (twelve) months of operation have been completed, the values relating to the respective payment transactions or electronic money issued must be used in the calculation of the average for the determination of the MOE, CPOS, ADQ, and PISP components, considering the number of months since the authorization for the institution to operate. (Wording given, effective from 1/1/2024, by BCB Resolution No. 363, of December 14, 2023.)

Art. 7 This Resolution enters into force on July 1, 2023. (Wording given, effective from 1/12/2022, by BCB Resolution No. 258, of November 18, 2022.)

Otávio
Ribeiro Damaso
Director of
Regulation