Financial institutions that improperly outsource Pix, the Central Bank’s (BC) instantaneous resource transfer system, will have until May 31 to adjust. The transitional regime consists of resolution published today (15) by BC.
Pix outsourcing occurs when the relationship takes place between an institution participating in the system and a non-participating private agent. They are different from partnerships, in which two institutions participating in Pix join forces.
In December, BC had edited a resolution which prohibited Pix outsourcing in two cases: when the third party holds a transactional account (which has not gone through the process of joining Pix and the necessary tests) and when the third party does not have a transactional account, but acts as the initiator of the transaction through account provided by the institution participating in Pix.
The transitional regime applies to the first case. Until the end of May, agents will be able to continue offering Pix to customers for the duration of the membership process. According to BC, the transition is important so as not to harm Pix end users or financial institutions that acted in good faith, before the ban came into effect.
Regarding the second case, the BC explained that the Pix regulation makes clear the regulatory ban on agents acting as transaction initiators without the proper authorizations to do so. According to current regulations, it is not possible to act as an initiator without the institution being authorized to operate by the BC and approved to operate in the open finance (data sharing system between financial institutions).
“Being a participant in the arrangement [do Pix] It is important not only to ensure adherence to the operating rules and the operational capacity of the institutions, as well as to enable the proper identification of the agents and users involved, in order to prevent crimes related to money laundering and terrorist financing,” he said. the BC in note.
