Rules for homologation tests for financial institutions, acquirers, sub-acquirers, and registration entities regarding payment arrangement receivables, amending BCB Normative Instruction No. 41.

This Normative Instruction establishes rules for a new cycle of homologation tests for financial institutions, acquiring and sub-acquiring institutions, and registration entities, particularly those with suspended activities from June 7, 2021, or initiating payment arrangement receivables negotiation operations. Financial and acquiring institutions must successfully complete tests defined by their contractual registration entity, with tests commencing from August 9, 2021, for these entities and from August 30, 2021, for registration entities. Registration entities must also submit a readiness declaration and provide validation premises to the Central Bank of Brazil by August 2, 2021. The instruction further amends BCB Normative Instruction No. 41, of 2020, by updating deadlines for reports and declarations to February 1, 2021, and outlining communication requirements for temporary suspension of operations from February 17, 2021, if tests are not successfully completed.

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BCB NORMATIVE INSTRUCTION No. 70, OF JANUARY 15, 2021

Establishes the rules for the new cycle of homologation tests to be observed by financial institutions, acquiring and sub-acquiring institutions, and registration entities whose activities have been suspended from June 7, 2021, or that intend to start processing payment arrangement receivables negotiation operations as per CMN Resolution No. 4,734, of June 27, 2019; and amends BCB Normative Instruction No. 41, of November 5, 2020. (Wording given by BCB Normative Instruction No. 121, of 07/01/2021.)

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This document amends: Normative Instruction BCB No. 41 — Establishes the schedule for integration homologation tests for financial institutions, accredited and sub-accredited institutions, and registering entities

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