RegAlert2024-08-02 | Resolução BCB 407Added
Resolution BCB No. 407 – Amends Resolution BCB No. 80 of 25 March 2021, which regulates the constitution and operation of payment institutions, sets parameters for filing operating authorization requests, and provides for payment services by other institutions authorized by the Central Bank of Brazil
The resolution adds Article 4‑A, allowing payment institutions that provide payment‑transaction initiation services to perform, as a special activity within Open Finance, a transaction‑initiation service without redirecting to other environments or electronic systems, subject to specific regulation and a 90‑day prior notice to the Central Bank. It also permits other institutions authorized by the Central Bank to carry out this special activity under the terms of Article 4‑A. Previously established capital‑social and net‑worth minimums in Articles 17 and 20 are revoked, and a new Article 22 § 6‑A exempts federal public securities used in repo operations from the conditions of § 6. Article 25‑A states that, until a specific normative act is issued, existing prudential measures remain applicable to payment institutions. The resolution enters into force on its date of publication.
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RESOLUTION
BCB No. 407, of 2 August 2024
Amends Resolution BCB No. 80, of 25 March 2021, which regulates the constitution and operation of payment institutions, establishes the parameters for submitting operating authorization requests by those institutions and provides for the provision of payment services by other institutions authorized to operate by the Central Bank of Brazil.
The Collegiate Board of the Central Bank of Brazil, in session held on 1 August 2024, based on the provisions of arts. 6º, §§ 1º and 4º, and 9º of Law No. 12,865, of 9 October 2013, and considering the provisions of Resolution No. 4,282, of 4 November 2013,
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Lineage: Superseded
Timeline
Amended 1 time · last 2025-11-03
- 2025-11-03
BCBJoint Resolution No. 14 — Methodology for Calculating Minimum Paid-in Share Capital and Net Equity Limits for Financial Institutionssupersedes
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