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

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.)

The Heads of the Department of Regulation of the Financial System (Denor), the Department of Competition and Financial Market Structure (Decem), and the Department of Strategic Management and Specialized Supervision (Degef), in the use of the attributions conferred upon them by art. 23, item I, paragraph "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on arts. 8 of CMN Resolution No. 4,734, of June 27, 2019, and 15-B of Circular No. 3,952, of June 27, 2019,

R E S O L V E :

Art. 1 This Normative Instruction establishes, in accordance with the provisions of art. 12 of BCB Normative Instruction No. 41, of November 5, 2020, 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, due to the unsuccessful completion of all tests provided for in the integration homologation test plan by the date established for readiness declaration, or that intend to start processing payment arrangement receivables negotiation operations under the terms of CMN Resolution No. 4,734, of June 27, 2019, and Circular No. 3,952, of June 27, 2019, and amends the aforementioned Normative Instruction. (Wording given by BCB Normative Instruction No. 121, of 07/01/2021.)

Art. 2 The financial institutions, acquiring and sub-acquiring institutions mentioned in art. 1 must successfully complete the set of tests defined by the registration entity with which they have a contractual relationship. (Wording given by BCB Normative Instruction No. 121, of 07/01/2021.)

§ 1 The set of tests to be defined by the registration entity must be sufficient to: (Wording given by BCB Normative Instruction No. 121, of 07/01/2021.)

I - ensure that the institutions' systems are adequate for the correct and secure execution of operations involving payment arrangement receivables that are part of the Brazilian Payment System and to validate the proper observance of current regulations; and (Included by BCB Normative Instruction No. 121, of 07/01/2021.)

II - validate functional and non-functional requirements in accordance with premises, guidelines, and definitions established in the convention of registration entities referred to in Chapter V of Circular No. 3,952, of 2019. (Included by BCB Normative Instruction No. 121, of 07/01/2021.)

§ 2 Financial institutions and acquiring institutions must keep available to the Central Bank of Brazil, for a period of five years from the date of completion of the tests mentioned in the caput, the documentation regarding the results of the tests they performed. (Wording given by BCB Normative Instruction No. 121, of 07/01/2021.)

§ 3 Registration entities must keep available to the Central Bank of Brazil, for a period of five