The Central Bank of Brazil (BACEN) postponed the effective date of Normative Instruction No. 590, which establishes procedures for registering companies hired to share data on fraud indicators. The new effective date is March 3, 2025, with effects starting May 2, 2025.
The delay was necessary due to operational challenges BACEN faced in adapting the Information System on Entities of Interest to the Central Bank (Unicad) to implement this new type of registration. Unicad is a database that maintains registration information on financial institutions and other entities of interest to the Central Bank.
This measure is related to Joint Resolution No. 6, from May 2023, which sets requirements for sharing data on fraud indicators among financial and payment institutions. The resolution allows these institutions to hire specialized companies to provide this data-sharing service.
The postponement aims to ensure the system is properly prepared to receive and process information from companies hired for this purpose, thereby guaranteeing the effectiveness and security of the registration process.
Source: BCB Normative Instruction No. 592 of March 19, 2025
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