Resolution BCB No. 93 — Regulates internal audit activity in consortium administrators, payment institutions, securities broker-dealers, securities distributors, foreign exchange brokers, and virtual asset service providers authorized by the Central Bank of Brazil

Resolution BCB No. 93 regulates internal audit activities for consortium administrators, payment institutions, securities broker-dealers, securities distributors, foreign exchange brokers, and virtual asset service providers authorized by the Central Bank of Brazil. It mandates that these institutions implement and maintain an internal audit function compatible with their risk profile and business model, ensuring independence, adequate resources, and direct subordination to the board of directors. The resolution establishes specific requirements for audit scope, planning, execution, documentation, and the duties of the administration, while revoking previous circulars and setting an effective date of June 1, 2021.

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RESOLUTION BCB NO. 93, OF MAY 6, 2021

~~Regulates internal audit activity in consortium administrators and payment institutions.~~

Regulates internal audit activity in consortium administrators, payment institutions, securities broker-dealers, securities distributors, and foreign exchange brokers authorized to operate by the Central Bank of Brazil. (Amended, effective March 1, 2024, by Resolution BCB No. 368, of January 25, 2024.)

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Lineage: Amended

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Timeline

Amended 2 times · last 2026-03-03

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