Resolution BCB No. 264 — Provisions on the Registration of Receivables from Payment Arrangements Based on Postpaid or Demand Deposit Accounts within the Brazilian Payment System

Resolution No. 264

RESOLUTION
BCB NO. 264, OF NOVEMBER 25, 2022

Provisions on the registration of receivables arising from transactions within the scope of a payment arrangement based on a postpaid account and a demand deposit account that are part of the Brazilian Payment System (SPB).

The Collegiate Board of the Central Bank of Brazil, in a session held on November 9, 2022, based on Article 9 of Law No. 4,595, of December 31, 1964, Article 28, item II, of Law No. 12,810, of May 15, 2013, Article 9, items I and X, of Law No. 12,865, of October 9, 2013, and Article 8 of Resolution No. 4,734, of June 27, 2019, and considering the provisions of Article 2, item II, letter “b”, of Resolution No. 4,593, of August 28, 2017, and Articles 2, 4, and 5 of Resolution No. 4,734, of 2019,

R E S O L V E S:

CHAPTER I

ON THE OBJECT AND DEFINITIONS

Art. 1. This Resolution provides for the registration of receivables arising from transactions within the scope of a payment arrangement based on a postpaid account and a demand deposit account that are part of the Brazilian Payment System (SPB).

Art. 2. For the purposes of this Resolution, the following are considered:

I - acquiring institutions:

a) accredited payment institutions;

b) financial institutions that provide accreditation services; and

c) electronic money issuing payment institutions that interoperate with the payer's payment arrangement;

II - negotiation of payment arrangement receivables: discounting operations of payment arrangement receivables and credit operations secured by these receivables as provided in Resolution No. 4,734, of June 27, 2019, Article 2, items V and VI, as well as any other operation that implies a change in possession or effective or fiduciary ownership of the receivables;

III - receivable unit: a financial asset composed of payment arrangement receivables, including receivables arising from pre-contracted advance operations, characterized by the same:

a) National Registry of Legal Entities (CNPJ) or Individual Taxpayer Registry (CPF) number of the end-user receiver;

b) identification of the payment arrangement;

c) identification of the acquiring institution or sub-acquirer; and

d) settlement date; and

IV - receivable agenda: a set of receivable units characterized by the same:

a) CNPJ or CPF number of the end-user receiver;

b) identification of the payment arrangement; and

c) identification of the acquiring institution or sub-acquirer.

CHAPTER II

ON THE REGISTRATION AND NEGOTIATION
OF PAYMENT ARRANGEMENT RECEIVABLES

Art. 3. For the purposes of registering the receivable agenda, the acquiring institution must:

I - provide for the registration, in a registration system, of the receivable units belonging to the agenda, informing the value of the constituted receivables associated with each unit; and

II - update the value of the constituted receivables mentioned in item I.

§ 1. The update referred to in item II of the main text must include the addition of values of constituted receivables after the registration date and must be carried out by the next business day following the realization of the underlying commercial transactions.

§ 2. For the purposes of the registration and update referred to in items I and II of the main text, respectively, acquiring institutions are permitted to send detailed information about the constituted receivables, through attributes such as:

I - CNPJ or CPF number of the end-user receiver;

II - identification of the accredited payment institution;

III - identification of the payment arrangement;

IV - settlement date;

V - date of the commercial transaction; and

VI - identification of the commercial transaction.

§ 3. The value of the constituted receivables associated with a receivable unit, mentioned in item I of the main text, corresponds to the total gross value of the transactions comprising that unit, as specified in item III of Article 2, minus exclusively values related to:

I - administrative or remuneration fees charged by the acquiring institution or sub-acquirer that apply to the value of the transactions comprising that unit;

II - chargebacks resulting from cancellations, disputes, or frauds, within the scope of a payment arrangement, of transactions comprising that unit;

III - settlement of values of constituted receivables associated with the receivable unit, including resulting from post-contracted advances; and

IV - blocking of values as provided in Article 8.

§ 4. The value of constituted receivables that have been subject to pre-contracted advance must be registered in the receivable unit corresponding to the settlement date agreed upon in the advance.

Art. 4. The negotiation of a receivable unit, observing the provisions of Article 5, must result in the alteration, in the registration system, in favor of the beneficiary of the operation:

I - of the information regarding possession or effective or fiduciary ownership of the value of constituted receivables of that unit, available for negotiation on the date of the operation; and

II - of the information regarding possession or effective or fiduciary ownership of the values of constituted receivables that will be added to that unit by the acquiring institution after the date of the operation, as provided in Article 3, § 1.

Art. 5. The registration system must allow for the division of the receivable unit for purposes of negotiation.

Sole paragraph. The division referred to in the main text may be made in the following modalities:

I - by fixed value, implying the alteration of possession or effective or fiduciary ownership as provided in Article 4 up to the limit of the fixed value informed; or

II - by percentage, implying the change in possession or effective or fiduciary ownership as provided in Article 4 proportionally to the informed percentage.

CHAPTER III

ON THE DUTIES OF ACQUIRING INSTITUTIONS

Art. 6. Acquiring institutions must provide for the registration of the receivable agendas of their end-user receivers in registration systems.

Art. 7. Acquiring institutions must request registration systems to cancel encumbrances and burdens associated with contracts for the promise of assignment of payment arrangement receivables or contracts that produce equivalent effects, concluded with end-user receivers, within two business days after communication of contract rescission by these users.

Art. 7. Acquiring institutions must request registration systems to cancel encumbrances and burdens associated with contracts for the promise of assignment of payment arrangement receivables or contracts that produce equivalent effects, concluded with end-user receivers, within two business days after communication of contract rescission made by these users has been delivered to the acquiring institution. (Wording given by BCB Resolution No. 349, of 10/31/2023.)

Art. 7. Acquiring institutions must: (Wording given, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

I - request from the institution operating the registration system with which they maintain operational connection the cancellation of encumbrances and burdens associated with a contract for the promise of assignment of payment arrangement receivables or a contract that produces equivalent effects, concluded with an end-user receiver, within two business days after receiving the communication of contract rescission made by the end-user receiver; and (Included, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

II - cancel an operation of pre-contracted advance on the receivable agenda within four business days after receiving the cancellation request for the operation made by the end-user receiver. (Included, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

Sole paragraph. The communication referred to in the main text may be made by a participant of a registration system, with authorization from the end-user receiver, through the registration system with which the acquiring institution has a relationship.

Sole paragraph. (Revoked by BCB Resolution No. 349, of 10/31/2023.)

§ 1. The communication referred to in the main text may be made by a participant of a registration system, with authorization from the end-user receiver, through the registration system with which the acquiring institution has a relationship.(Included by BCB Resolution No. 349, of 10/31/2023.)

§ 1. The communication of rescission and the request for cancellation referred to, respectively, in items I and II of the main text may be made by a participant of a registration system, with authorization from the end-user receiver, through the registration system with which the acquiring institution has a relationship. (Wording given, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

§ 2. After the period mentioned in the main text following the communication made in the manner provided in § 1, without the request having occurred by the acquiring institution for the cancellation of encumbrances and burdens, the registration system shall, from the next business day, automatically perform the adjustment in the priority of other contracts applied to the receivable agenda in relation to the contract for the promise of assignment subject to rescission.(Included by BCB Resolution No. 349, of 10/31/2023.)

§ 2. In the event of non-observance, by acquiring institutions, of the deadlines established in items I and II of the main text for requesting the cancellation of burdens and encumbrances or for carrying out the cancellation of a pre-contracted advance operation on the receivable agenda, the institution operating the registration system shall, when the communication of rescission and the request for cancellation are made in the manner referred to in § 1: (Wording given, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

I - automatically perform, from the next business day after the deadline expires, the adjustment in the priority of other contracts applied to the receivable agenda in relation to the contract for the promise of assignment subject to rescission; and (Included, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

II - inform the Central Bank of Brazil about the non-compliance with the provision in item I or item II of the main text, in a monthly report as provided in Article 15, main text, item XII, according to parameters to be established by this Authority. (Included, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

§ 3. The acquiring institution must inform the registration system of the end of the validity of a pre-contracted advance operation on the receivable agenda on the same day as the cancellation of the operation. (Included, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

§ 4. The effects of the cancellation of the pre-contracted advance operation will apply only to the constituted receivables associated with payment arrangement transactions carried out after said cancellation, including for the purpose of registering the receivables. (Included, from 5/11/2026, by BCB Resolution No. 562, of 4/30/2026.)

Art. 8. Acquiring institutions are permitted to block values related to transactions captured by them for the purpose of:

I - constituting a financial reserve for risk management of their contractual relationship with their respective end-user receivers; and

II - compensating values owed by the end-user receiver, such as:

a) fines;

b) chargebacks resulting from cancellations, disputes, or frauds, within the scope of a payment arrangement, of transactions already settled; and

c) other compensations resulting from events provided for contractually.

§ 1. The blocked values do not constitute the value of constituted receivables of the receivable units.

§ 2. The blocking may not reduce the financial values of constituted receivables already allocated for contracts for the negotiation of payment arrangement receivables.

§ 3. The negotiation by the acquiring institution of the blocked values is prohibited, including the realization of post-contracted advances of these values.

§ 4. The financial reserve must be compatible with the risks effectively incurred in this relationship, and its terms, conditions, and purposes must be established in the contract concluded between the acquiring institution and the end-user receiver.

Art. 9. Acquiring institutions must send information to the registration system regarding contracts for the negotiation of payment arrangement receivables under their responsibility, concluded by end-user receivers with non-financial institutions.

§ 1. For the purposes of the provision in the main text, acquiring institutions must include in contracts concluded with end-user receivers the obligation for these users:

I - to pass on to the acquiring institution information regarding contracts for the negotiation of payment arrangement receivables concluded with non-financial institutions; and

II - to authorize the sending of this information to the registration system.

§ 2. The obligation to send the information referred to in the main text is waived in the situation where the non-financial institution sends directly to the registration system information regarding the negotiation contracts, with the due knowledge of the acquiring institution.

§ 3. When accrediting new end-user receivers, the acquiring institution must consult the end-user receivers and the registration systems to verify the existence of contracts for the negotiation of payment arrangement receivables whose effects reach the new receivable agendas of these users, prior to concluding contracts for the promise of assignment of payment arrangement receivables or contracts that produce equivalent effects with these users.

§ 4. If the existence of contracts for the negotiation of payment arrangement receivables with the effects referred to in § 3 of this article is verified, the conclusion by the acquiring institution of contracts for the promise of assignment or equivalent effects is prohibited, until the effects of pre-existing contracts cease.

Art. 10. Acquiring institutions must carry out the financial settlement of the receivable units that are subject to registration in accordance with the information regarding possession or effective or fiduciary ownership of these units and their respective domicile institutions, made available by the registration systems.

Art. 11. Acquiring institutions must reconcile the following information with the registration system in which they register receivable agendas:

I - values of constituted receivables of the registered receivable units;

II - values of the effects of contracts on the registered receivable units;

III - values and domiciles of the settlements of receivable units carried out since the last reconciliation; and

IV - list of end-user receivers who have a valid contract for the provision of accreditation services with the acquiring institution.

§ 1. The reconciliation referred to in the main text must be carried out with the following minimum frequencies:

I - daily, regarding the information referred to in items I and II of the main text;

II - weekly, regarding the information referred to in item III of the main text; and

III - biweekly, regarding the information referred to in item IV of the main text.

§ 2. If the reconciliation referred to in the main text results in the identification of inconsistencies, the registration systems and acquiring institutions must correct them within two business days, counted from their identification.

§ 3. For the purposes of the reconciliation referred to in item III of the main text, acquiring institutions participating in a payment arrangement that is part of the SPB must use the standardized information made available within the scope of the compensation and centralized settlement systems they participate in to settle obligations within the scope of the arrangement.

§ 3. For the purposes of the reconciliation referred to in item III of the main text, information regarding the settlement of obligations within the scope of payment arrangements that are part of the SPB must be used, made available directly to the registration system with which the acquiring institution has a relationship by the compensation and centralized settlement systems they participate in, in a frequency compatible with reconciliation requirements and according to specific regulation of these systems. (Wording given, from 5/11/2026, by BCB Resolution No. 514, of 10/21/2025.)

Art. 12. Acquiring institutions must respond within three business days, counted from the date of receipt, to disputes directed at them by the registration systems.

Art. 13. Acquiring institutions must make available to their respective end-user receivers, through their own electronic interface, a channel for:

I - the end-user receiver's access to information regarding their registered receivable agendas under the responsibility of the acquiring institution; and

II - the end-user receiver's ability to file disputes regarding the effects of contracts on their registered receivable agendas under the responsibility of the acquiring institution, to be directed to the registration systems.

Sole paragraph. The information mentioned in item I of the main text must include:

I - the total gross value of the transactions comprising each receivable unit of the agenda;

II - the value of deductions of each receivable unit, discriminated according to items I to IV of Article 3, § 3, when applicable;

III - the value of constituted receivables of each receivable unit of the agenda, discriminated in:

a) free value; and

b) values allocated for each effect of contract on the unit; and

IV - specifications of contracts with effects on the agenda, regarding:

a) identification of the counterparty;

b) reached receivable units;

c) nature of the contract; and

d) type and value of the effect (percentage or fixed value).

Art. 14. Acquiring institutions, when concluding contracts with sub-acquirers, must:

I - include in the contract clauses that:

a) oblige the sub-acquirers linked to them to comply with the provisions of this Resolution;

b) establish the consent of the sub-acquirers for access, by the acquiring institutions, to the reports mentioned in § 8 of Article 15; and

c) stipulate penalties in case of non-observance, by the sub-acquirers linked to them, of one or more provisions of this Resolution, including the possibility of temporary suspension of the sub-acquirer; and

II - ensure that the controls adopted by the sub-acquirers allow for compliance with the provisions of this Resolution.

CHAPTER IV

ON THE DUTIES OF REGISTRATION SYSTEMS

Art. 15. Registration systems must:

I - receive and process information regarding the receivable agendas sent by acquiring institutions and sub-acquirers, including as per Article 3, § 2, for the purpose of registration or exchange of information as provided in Article 16;

II - receive and process information regarding contracts for the negotiation of payment arrangement receivables for the purpose of updating information regarding possession or effective or fiduciary ownership or exchange of information as provided in Article 16;

III - make available to their participants information regarding the receivable agendas, provided authorization is given by their end-user receivers;

IV - accept commands for the constitution of encumbrances and burdens on payment arrangement receivables, in accordance with the provisions of the negotiation contracts;

V - make available to acquiring institutions and sub-acquirers information regarding the receivable units for the purpose of directing the financial settlement as provided in Article 10;

VI - timely communicate to other registration systems and the Central Bank of Brazil operational incidents that may affect the market for registration and negotiation of payment arrangement receivables;

VII - identify and communicate to the Central Bank of Brazil operations that may be in disagreement with the provisions of § 2 of Article 4 of Resolution No. 4,734, of 2019, according to parameters established by the Central Bank of Brazil;

VIII - perform reconciliation:

a) as provided in Article 11;

b) of the parameters of contracts received through the interoperability service with other registration systems involved;

c) of the values of the receivable agendas received through the interoperability service with other registration systems involved; and

d) of the authorizations for consultation of receivable agendas and of the contracts as provided in item II of the main text with the participants responsible for their sending;

IX - accept and process disputes from their participants related to the registration, consultation, negotiation, and settlement of payment arrangement receivables;

X - receive and send to financial institutions the commands of participants of the registration systems, with authorization from the end-user receiver, for the cancellation of encumbrances and burdens of credit limits as provided in item II of Article 6 of Resolution No. 4,734, of 2019;

XI - receive and send to acquiring institutions and sub-acquirers the commands of participants of the registration systems, with authorization from the end-user receiver, for the cancellation of encumbrances and burdens as provided in Article 7;

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XI - receive and send to accredited institutions and sub-accredited entities the commands of participants in the registration systems, with the authorization of the end-user payee, for the cancellation of pre-contracted advance operations or the dissolution of liens and encumbrances referred to in Art. 7; (Amended, effective 11/5/2026, by Resolution BCB No. 514, of 10/21/2025.)

XII - prepare monthly reports evaluating compliance, by accredited institutions and their connected sub-accredited entities, with the rules set forth in this Resolution and in the convention referred to in Art. 18; and

XII - prepare monthly reports evaluating compliance, by accredited institutions and their connected sub-accredited entities, with the rules set forth in this Resolution and in the convention referred to in Art. 18; (Amended by Resolution BCB No. 349, of 10/31/2023.)

XIII - observe the schedule established for interoperability services.

XIII - observe the schedule established for interoperability services; and (Amended by Resolution BCB No. 349, of 10/31/2023.)

XIII

• observe the schedule established for interoperability services;(Amended, effective 11/5/2026, by Resolution BCB No. 514, of 10/21/2025.)

XIV - make adjustments to the priorities of contracts registered in accordance with the provisions of § 2 of Art. 7. (Included by Resolution BCB No. 349, of 10/31/2023.)

XIV - make adjustments to the priorities of contracts registered in accordance with the provisions of Art. 7, § 2, item I; and (Amended, effective 11/5/2026, by Resolution BCB No. 514, of 10/21/2025.)

XV - inform the Central Bank of Brazil, as provided in Art. 7, § 2, item II, regarding non-compliance with the duties set forth in Art. 7, caput, items I and II. (Included, effective 11/5/2026, by Resolution BCB No. 514, of 10/21/2025.)

§
1º It is prohibited for the registration system to automatically, in favor of a counterparty to a receivables trading contract under a payment arrangement, issue additional requests for the establishment of liens and encumbrances on receivables agendas for which the initial request, related to the contract, has been satisfied, except as provided in § 3 of this article.

§
2º Registration systems, in performing the duty referred to in item II of the caput, must guarantee equal treatment of receivables trading contracts under payment arrangements received directly from their participants or through the interoperability mechanism.

§
3º The provision in item II of the caput includes the duty of registration systems to automatically extend the effects of contracts to receivables agendas reached by them, even if they were registered after the contracts were sent to the registration systems.

§
4º Registration systems must observe the chronological order of sending contracts in fulfilling the provisions of § 3, regardless of the registration system with which the financial institution has a relationship.

§
5º The reconciliation referred to in item VIII of the caput must be performed with the following minimum frequencies:

I

• weekly, regarding the information referred to in letter “b” of item VIII of the caput; and

II

• monthly, regarding the information referred to in letters “c” and “d” of item VIII of the caput.

§
6º The reconciliation referred to in letter “c” of item VIII of the caput may be done using a representative sample, covering at least ten percent of the quantity of exchanged agendas.

§
7º The contestation procedure referred to in item IX of the caput must:

I

• be documented;

II

• establish a deadline of up to five business days for responding to the demand; and

III

• include standardized processes for exchanging information between registering entities, in situations where the object of the contestation involves interoperability operations.

§
8º The reports referred to in item XII of the caput regarding sub-accredited entities shall be made available to their respective accredited entities.

Art.
16. Registration systems, through mutually compatible rules, procedures, and technologies, must adopt interoperability mechanisms that allow:

I

• verification of the uniqueness of the registration of receivables under payment arrangements;

II

• exchange of information about receivables agendas necessary for fulfilling obligations towards participants;

III

• exchange of information about receivables trading contracts under payment arrangements necessary for fulfilling obligations towards participants;

IV

• portability, between registration systems:

a) the registration of receivables agendas; and

b) receivables trading contracts under payment arrangements;

V

• performance of the reconciliation referred to in item VIII of the caput of Art. 15;

VI

• exchange of information about contestations referred to in item IX of the caput of Art. 15; and

VII

• exchange of other information necessary for fulfilling obligations towards participants, to be established in the convention referred to in Chapter V of this Resolution.

§
1º The portability referred to in item IV of the caput must be completed within thirty days from the date of receipt of the request by the destination registration system, extendable by an additional fifteen days, upon justified reasoning.

§
2º The counting of the period mentioned in § 1 may be suspended if the participant of the registration system that requested portability does not comply, within the period stipulated by the origin or destination registration system, with any step provided for in the portability process.

Art.
17. Registering entities shall, regarding the charging of fees for services provided to their direct participants:

I

• publish the current version of the fee table charged;

II

• observe impartial and transparent criteria for its definition;

III

• define fees based on economic grounds justifying eventual differences in the value of services provided;

IV

• discriminate all services and respective values contained in any fee charge;

V

• provide cost estimates for services whose total fee value cannot be defined in advance; and

VI - observe the standardization referred to in § 5 of Art. 18 for the charging of fees to their direct participants regarding services and events that bear equivalence relation to those provided for in the interoperability mechanism.

VI - adopt the standardization referred to in Art. 18, § 5, item II, regarding the nomenclature and form of charging fees to their direct participants concerning services and events that bear equivalence relation to those provided for in the interoperability mechanism. (Amended, effective 1/5/2026, by Resolution BCB No. 514, of 10/21/2025.)

§ 1º Changes to the current fee table referred to in item I of the caput must be communicated to the Central Bank of Brazil and to participants with a minimum advance notice of thirty days from their entry into force.

§ 1º Changes to the current fee table referred to in item I of the caput, regardless of the cause that gave rise to the alteration, must be communicated to the Central Bank of Brazil and to participants with a minimum advance notice of thirty days from their entry into force. (Amended, effective 1/5/2026, by Resolution BCB No. 514, of 10/21/2025.)

§
2º It is prohibited for registering entities to charge fees from accredited institutions and sub-accredited entities for:

I

• performing the service of registering receivables agendas;

II

• making available to accredited institutions and sub-accredited entities the information necessary to comply with Art. 13; and

III

• making available to accredited institutions the reports referred to in § 8 of Art. 15.

CHAPTER V

OF THE CONVENTION BETWEEN REGISTERING ENTITIES

Art.
18. For the purpose of registering receivables under payment arrangements, entities authorized to perform the activity of registering financial assets or that are in the process of authorization on the date of publication of this Resolution shall agree among themselves on the following aspects related to registration, as well as to the use of these receivables in trading operations, among other aspects deemed necessary for compliance with legislation and regulation:

I

• operational procedures to enable:

a) exchange of information between registration systems and financial institutions and other funding agents;

b) exchange of information between registration systems and accredited institutions and sub-accredited entities; and

c) provision of interoperability services between the registration systems mentioned in Art. 16;

II

• standardization:

a) of the layout of files used for registering receivables under payment arrangements;

b) of the authorization procedure for making available information about receivables agendas referred to in item III of the caput of Art. 15;

c) of parameters of trading contracts concerning specification of receivables under payment arrangements subject to these operations; and

d) of reports referred to in item XII of the caput of Art. 15;

III

• criteria for choosing the registration system(s) where the registration of the end-user payee’s receivables agendas will be effected;

IV- times for exchanging information between involved participants;

V

• interoperability fee structure;

VI

• terms and procedures for adherence to and denunciation of the convention;

VII

• rights and obligations of convention participants;

VIII

• the set of operational technical manuals associated with operating the interoperability environment to be elaborated; and

IX

• governance structure for interoperability mechanisms, observing current regulation.

§
1º Discussion of the aspects referred to in items I, letter “a”, and II, letter “c”, of the caput shall involve participation of national representative associations of financial institutions and credit rights investment funds.

§
2º Discussion of the aspects referred to in items I, letter “b”, and II, letter “a”, of the caput shall involve participation of national representative associations of accredited institutions and sub-accredited entities.

§
3º In the situation where the trading contract involves multiple receivables agendas, the parameters referred to in item II, letter “c”, of the caput shall give the end-user payee flexibility in choosing the rule for apportionment, among these agendas, of the encumbrance or burdening of constituted receivables.

§
4º Discussion of the aspect referred to in item III of the caput shall involve participation of national representative associations of financial institutions, credit rights investment funds, and accredited institutions and sub-accredited entities.

§
5º Aspects to be agreed upon regarding the fee structure referred to in item V of the caput must include:

I

• definition of a common methodology to be used by registration systems to define their interoperability fees; and

II

• standardization:

a) of events related to the interoperability mechanism subject to fee charging, including nomenclatures; and

b) of possible forms of fee charging associated with events referred to in letter “a” of this item, regarding calculation bases and use of fixed and/or percentage fees.

§
6º Registering entities that did not participate in drafting the convention must accept the convention terms to be able to register receivables under payment arrangements and trading operations conducted with them.

§
6-A Upon adhering to the convention, in accordance with § 6, financial asset registering entities are equated to respective signatories for the purposes of this Resolution.(Included, effective 2/5/2024, by Resolution BCB No. 373, of 3/26/2024.)

§
7º Rights and obligations established in the convention shall be observed unconditionally and uniformly by registering entities subject to the convention, without any form of discrimination.

§ 8º Technical manuals mentioned in item VIII of the caput must include the description:

§ 8º Operational technical manuals mentioned in item VIII of the caput must include the description: (Amended by Resolution BCB No. 456, of 2/25/2025.)

I

• of business rules serving as a basis for standardizing processes and information, particularly regarding application and withdrawal of contract effects on units of receivables;

II

• of operational resilience mechanisms ensuring adequate market functioning in the event one or more registration systems become temporarily unavailable;

III

• of critical processes in the interoperability environment and contingency mechanisms for eventual occurrence of failures or unavailability in systems posing risk to regular functioning;

IV

• of mechanisms, procedures, routines, and controls that, within interoperability, allow verifying adequate exchange of information between registration systems, as well as monitoring, identifying, and analyzing eventual errors occurring during processing of requests submitted; and

V

• of procedures governing portability of registration of receivables agendas and trading contracts from one registration system to another.

§ 9º Technical manuals mentioned in item VIII of the caput, once approved by signatories and forwarded to the Central Bank of Brazil, shall integrate the convention.

§
9º Operational technical manuals mentioned in item VIII of the caput, after approval by convention signatories, observing provisions of Art. 23, § 7, and forwarded to the Central Bank of Brazil: (Amended by Resolution BCB No. 456, of 2/25/2025.)

I

• integrate the convention, being mandatory observance by all entities exercising activities of registering receivables under payment arrangements; and (Included by Resolution BCB No. 456, of 2/25/2025.)

II

• are not subject to approval by the Central Bank of Brazil, which, however, may determine conveners, at any time, adjustments to their contents. (Included by Resolution BCB No. 456, of 2/25/2025.)

§ 10. In case of conflict between provisions in technical manuals mentioned in item VIII of the caput and content of the main text of the convention, provisions in the main text of the convention prevail.

§ 10. In case of conflict between provisions in operational technical manuals mentioned in item VIII of the caput and content of the main text of the convention, provisions in the main text of the convention prevail. (Amended by Resolution BCB No. 456, of 2/25/2025.)

Art.
19. Registering entities must publish, on a single website:

I - current and historical versions of the convention and technical manuals referred to in item VIII of the caput of Art. 18;

I - current and historical versions of the convention and operational technical manuals referred to in Art. 18, caput, item VIII; (Amended by Resolution BCB No. 456, of 2/25/2025.)

II

• statistical information regarding functioning of the interoperability environment; and

III

• documents established in the convention.

§ 1º Manuals, information, and documents referred to in items I to III of the caput must:

§ 1º Operational technical manuals, information, and documents referred to in items I to III of the caput must: (Amended by Resolution BCB No. 456, of 2/25/2025.)

I

• be permanently updated and available to all participants in the ecosystem; and

II

• have version control, including detailing alterations and start date of validity of each version.

§
2º The website mentioned in the caput must be provided for in the convention referred to in Art. 18.

Art.
20. Registering entities must submit to the Central Bank of Brazil a single consolidated report evaluating functioning of the interoperability fee structure referred to in item V of the caput of Art. 18.

Sole Paragraph. Frequency, coverage period of the report, its content, and submission deadline shall be defined by the Central Bank of Brazil.

Art.
21. Aspects agreed upon referred to in items I, II, IV, VI, and VII of the caput of Art. 18 shall integrate the registration system regulation.

Art.
22. The Central Bank of Brazil may participate in the process of drafting and altering the convention referred to in Art. 18.

Sole Paragraph. For purposes of the provision in the caput, registering entities shall periodically or upon request forward to the Central Bank of Brazil a report on progress of discussions on aspects to be agreed upon, and this agency may establish guidelines regarding these aspects.

Art.
23. Rules and procedures defined in the convention referred to in Art. 18 must be formalized in an instrument signed by participating registering entities of the convention.

§
1º The act approving the convention must contain the initial term for mandatory observance of its provisions.

§
2º Content of the convention must be submitted for approval by the Central Bank of Brazil.

§
3º Subsequent alterations to approved convention content must be submitted to the Central Bank of Brazil for prior approval when referring to aspects related to:

I

• interoperability fee structure;

II

• rights and obligations of convention participants; or

III

• governance structure governing interaction among convention participants.

§
4º Excluding alterations referred to in § 3, other alterations are not subject to prior approval by the Central Bank of Brazil, but must be communicated to this agency at least fifteen days before their entry into force.

§
5º Waiver of prior approval referred to in § 4 does not exempt participating registering entities of the convention from complying with applicable legal and regulatory norms on the matter.

§ 6º The Central Bank of Brazil may determine conveners, at any time, adjustments to the convention instrument, including technical manuals mentioned in item VIII of the caput of Art. 18.

§
6º The Central Bank of Brazil may determine conveners, at any time, adjustments to the convention instrument. (Amended by Resolution BCB No. 456, of 2/25/2025.)

§ 7º The process of altering convention content, and respective manuals, must observe the following quorums for decision-making on content to be submitted for approval by the Central Bank of Brazil or communicated to it:(Included, effective 2/5/2024, by Resolution BCB No. 373, of 3/26/2024.)

§
7º Processes of drafting and altering the convention and respective operational technical manuals must observe the following quorums for decision-making on their content:(Amended by Resolution BCB No. 456, of 2/25/2025.)

I

• qualified majority of two-thirds of institutions eligible to participate in the alteration process, in cases of subjects listed in items V, VII, and IX of Art. 18; and (Included, effective 2/5/2024, by Resolution BCB No. 373, of 3/26/2024.)

II

• absolute majority of institutions eligible to participate in the alteration process, in other cases. (Included, effective 2/5/2024, by Resolution BCB No. 373, of 3/26/2024.)

§ 8º Signatory institutions must present, upon submission of convention content alterations, including its manuals, for approval by the Central Bank of Brazil, or communication to it, the following documents:(Included, effective 2/5/2024, by Resolution BCB No. 373, of 3/26/2024.)

§
8º Signatory institutions must present, upon submission of the convention and its respective alterations for approval by the Central Bank of Brazil, or communication of alterations to the agency, the following documents: (Amended by Resolution BCB No. 456, of 2/25/2025.)

I

• minutes or equivalent documents recording votes cast in accordance with § 7, items I and II; and (Included, effective 2/5/2024, by Resolution BCB No. 373, of 3/26/2024.)

II

• documents proving the legitimacy and full powers, without restrictions or limits, of the representatives of the signatories to the convention, designated in the bylaws or articles of association. (Included, effective 5/2/2024, by BCB Resolution No. 373, of 3/26/2024.)

§ 9º The conventions and their respective amendments, including their manuals, submitted for approval by the Central Bank of Brazil, or communicated to it, without compliance with the provisions of art. 18 and art. 23, shall be returned without merit analysis, in which case the Central Bank of Brazil shall set a deadline of up to ninety days for the resolution of the identified pending issues, without prejudice to the eventual application of coercive and sanctioning measures provided for in the legislation.(Included, effective 5/2/2024, by BCB Resolution No. 373, of 3/26/2024.)

§ 9º The conventions and their respective amendments submitted for approval by the Central Bank of Brazil, or communicated to it, without compliance with the provisions of art. 18 and art. 23, shall be returned without merit analysis, in which case the Central Bank of Brazil shall set a deadline of up to ninety days for the resolution of the identified pending issues, without prejudice to the eventual application of coercive and sanctioning measures provided for in the legislation.(Redaction given by BCB Resolution No. 456, of 2/25/2025.)

§ 9º The conventions and their respective amendments submitted for approval by the Central Bank of Brazil, or communicated to this Autarchy, without compliance with the provisions of art. 18 and § 8º of this article, shall be returned without merit analysis, in which case the Central Bank of Brazil shall set a deadline of up to ninety days for the resolution of the identified pending issues, without prejudice to the eventual application of coercive and sanctioning measures provided for in the legislation. (Redaction given, effective 1/5/2026, by BCB Resolution No. 514, of 10/21/2025.)

Art.
24. The registration entities responsible for payment arrangement receivables registration systems and the accredited institutions must participate in homologation integration tests between their systems.

§
1º The entities and institutions referred to in the caput must designate a director responsible for carrying out the homologation tests.

§
2º The director mentioned in § 1º may perform other functions in the entity or institution, provided there is no conflict of interest.

§
3º The accredited institutions must ensure that the sub-accredited entities linked to them participate in the tests referred to in the caput.

§
4º The registration entities responsible for payment arrangement receivables registration systems must present a test plan for approval by the Central Bank of Brazil.

Art.
25. A normative instruction will establish the procedures necessary for compliance with the provisions of this Resolution, including regarding the definition:

I

• of the schedule and documentation necessary for carrying out the homologation tests referred to in art. 24;

II

• of the measures to be adopted by the registration entities and the accredited institutions that do not comply with the test schedule referred to in item I, especially aiming to make this fact public; and

III

• of the measures to be adopted by the accredited institutions regarding the sub-accredited entities providing them service that have not complied with the test schedule referred to in item I, especially aiming to make this fact public.

CHAPTER
VI

FINAL AND TRANSITORY PROVISIONS

Art. 26. The convention referred to in art. 18, with the amendments resulting from the commands mentioned in items I and II of art. 27, must be sent to the Central Bank of Brazil by:

Art. 26. The convention referred to in art. 18, with the amendments resulting from the commands mentioned in items I, II and III of art. 27, must be sent to the Central Bank of Brazil by: (Redaction given by BCB Resolution No. 349, of 10/31/2023.)

I - May 2, 2023, regarding the commands mentioned in item I of art. 27; and

I - May 2, 2023, regarding the commands mentioned in item I of art. 27; (Redaction given by BCB Resolution No. 349, of 10/31/2023.)

II - October 2, 2023, regarding the commands mentioned in item II of art. 27.

II - October 2, 2023, regarding the commands mentioned in item II of art. 27; and (Redaction given by BCB Resolution No. 349, of 10/31/2023.)

III - March 1, 2024, regarding the command mentioned in item III of art. 27. (Included by BCB Resolution No. 349, of 10/31/2023.)

§
1º The convention with the other amendments resulting from commands not mentioned in items I and II of art. 27 must be sent to the Central Bank of Brazil within ninety days after the entry into force of this Resolution.

§
2º The convention in force remains valid until the approval of the amendments referred to in the caput and § 1º, without prejudice to compliance with the provisions of this Resolution.

Art.
27. The accredited institutions and the registration entities must make adjustments to their structures and systems to comply with the provisions of this Resolution by the following dates:

I

• June 5, 2023, regarding the commands contained in the articles:

a)
11;

b)
12;

c)
14, item I, letters "b" and "c";

d) 15, items VII to XII of the caput and §§ 1º, 2º, 5º, 6º, 7º and 8º;

d) 15, items VII to X and XII of the caput and §§ 1º, 2º, 5º, 6º, 7º and 8º; (Redaction given by BCB Resolution No. 321, of 5/2/2023.)

e)
16, items IV, letter "b", V and VI and §§ 1º and 2º;

f)
17, items IV to VI and § 1º;

g)
18, items II, letter "d", VIII and IX and §§ 5º, 8º and 9º; and

h) 19; and

h)
19; (Redaction given by BCB Resolution No. 321, of 5/2/2023.)

II - November 6, 2023, regarding the commands contained in the articles:

II - April 1, 2024, regarding the commands contained in the articles: (Redaction given by BCB Resolution No. 349, of 10/31/2023.)

a)
3º, §§ 3º and 4º;

b) 8º; and

b) 7º, § 2º; (Redaction given by BCB Resolution No. 349, of 10/31/2023.)

c) 13.

c) 13; and (Redaction given by BCB Resolution No. 321, of 5/2/2023.)

c) 8º; and (Redaction given by BCB Resolution No. 349, of 31/10/2023.)

d) 13; and (Included by BCB Resolution No. 349, of 31/10/2023.)

III - August 7, 2023, regarding the command contained in art. 15, item XI. (Included by BCB Resolution No. 321, of 5/2/2023.)

Art.
28. Circular No. 3,952, of June 27, 2019, is hereby revoked.

Art.
29. This Resolution enters into force on December 1, 2022.

Otávio Ribeiro Damaso

Director of Regulation