BRZ CB Modified Internal Regulations

Updated on: Nov 23, 2024

Latest Event


  • Nov. 21, 2024 BRZ CB Adjustments
  • On Nov. 21, 2024, BRZ CB published Resolution 433 to amend internal regulations.
  • Updated the reposibilities of Inspection Director, Dept. of Strategic Management and Specialized Supervision (Degef), Head of Degef, Design, and the Head of Design.
  • Responsibilities of Deputy Heads of Design, Banking Supervision Department (Desup).
  • Dept. of Supervision of Cooperatives and Non-Banking Institutions (Desuc), their Head and Deputy Heads, and Dept. of Competition and Financial Market Structure (Decem).
  • The Department of Human Resources, Education, Health and Organization Management (Depes) is responsible for adopting measures to publicize changes.
  • Revoked the specified items of the Internal Regulations, attached to Resolution 340.
  • Resolution 433 shall come into force on Feb. 28, 2025.

On Oct. 2, BRZ CB issued changes to their internal regulations.

  • BRZ CB published Resolution 419 reporting changes to BRZ CB internal regulations.
  • Highlights
  • The duties of the Director of Financial System Organization and Resolution are the authorization and cancellation to conduct the recording of book-entry duplicates.
  • The Department of Competition and Financial Market Structure (Decem) is responsible for stability and efficiency of payment arrangements, as well as regulatory proposals.
  • As well as the authorization to operate, the cancellation of the authorization to operate and other acts that require the authorization applicable to payment arrangements.
  • It is responsible for proposing to the Director of Financial System Organization and Resolution the cancellation of the authorizations granted to payment arrangements.
  • Furthermore, for determining the cancellation of said authorizations, where applicable.
  • It is responsibility of the Department of Resolution and Sanctioning Action (Derad) to conduct investigations on violations and administrative proceedings of Pix regulations.
  • Revocation
  • Revoked various items of Articles 17, 95, 96, 97, and 98 of Resolution 340, of 2023.
  • Effectiveness
  • Resolution 419 comes into force on the date of its publication.
  • Nov. 21, 2024 BRZ CB Adjustments
  • On Nov. 21, 2024, BRZ CB published Resolution 433 to amend internal regulations.
  • Updated the reposibilities of Inspection Director, Dept. of Strategic Management and Specialized Supervision (Degef), Head of Degef, Design, and the Head of Design.
  • Responsibilities of Deputy Heads of Design, Banking Supervision Department (Desup).
  • Dept. of Supervision of Cooperatives and Non-Banking Institutions (Desuc), their Head and Deputy Heads, and Dept. of Competition and Financial Market Structure (Decem).
  • The Department of Human Resources, Education, Health and Organization Management (Depes) is responsible for adopting measures to publicize changes.
  • Revoked the specified items of the Internal Regulations, attached to Resolution 340.
  • Resolution 433 shall come into force on Feb. 28, 2025.
Regulators
BRZ CB
Entity Types
B/D; Bank; IA; Inv Co
Reference
Res 433, 11/21/2024; Res 419, 10/2/2024
Functions
Compliance; Financial; Operations; Reporting; Risk; Treasury
Countries
Brazil
Category
State
N/A
Products
Banking; Deposits; Forex; Fund Mgt; Payments
Rule Type
Final
Regions
Am
Rule Date
Oct 2, 2024
Effective Date
Feb 28, 2025
Rule ID
228705
Linked to
N/A
Reg. Last Update
Nov 21, 2024
Report Section
International