Resolution BCB No. 260 — Provides for the internal control systems of consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign exchange brokerage firms

The resolution obliges consortium administrators, payment institutions, securities brokerage and distribution firms, foreign‑exchange brokerage firms and virtual‑asset service providers authorized by the Central Bank of Brazil to implement and maintain internal control systems tailored to their nature, size, complexity, risk profile and business model, and to submit an annual report of these systems to the board or management and keep it available to the Central Bank for five years. It assigns responsibility for defining, monitoring and resourcing the controls to the board of directors and senior management, and requires each institution to designate a director responsible for compliance with the resolution. The Central Bank may also require additional controls when inadequacies are identified.

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RESOLUTION BCB No. 260, OF 22 NOVEMBER 2022

~~Provides for the internal control systems of consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil.~~

Provides for the internal control systems of consortium administrators, payment institutions, securities brokerage firms, securities distribution firms, and foreign‑exchange brokerage firms authorized to operate by the Central Bank of Brazil.

Provides for the internal control systems of consortium administrators, payment institutions, securities brokerage firms, securities distribution firms, foreign‑exchange brokerage firms and virtual‑asset service providers authorized to operate by the Central Bank of Brazil. (Amended by Resolution BCB No. 552, of 3/3/2026.)

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Lineage: Amended

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Amended 2 times · last 2026-03-03

This document amends: BCB Resolution No. 80 — Regulation of Payment Institutions

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