The Central Bank (BC) relaxed the punishments for financial institutions that do not comply with Pix rules. The measure appears in the new version of Pix Penalties Handbook, published today (24) in Official Diary of the Union.
The main change concerns the suspension possibilities. According to the previous version of the manual, dated October 2020, financial institutions that delayed payment of fines for up to 30 days would be suspended, with the penalty starting to apply from the first day of delay. Now, the suspension will only apply for delays between 15 and 30 days after the payment deadline.
The new version of the manual removed an article that determined the exclusion of financial institutions that repeated punishable infractions, with suspension up to 12 months after the first occurrence.
In return, the BC increased the interest charged on late fines. The previous version of the manual established correction of late payment penalty of 2% and late payment interest of 1% per month for fines not collected on time. Now, late payment interest will be 1% in the month of payment and equivalent to the Selic rate (basic interest rate in the economy), counted from the first day of the month following the due date, until the last day of the month prior to the payment.
The late payment fine will be increased. Every 30 days of delay, 2% will be charged, until reaching the 20% limit, levied on the updated amount of the fine.
