Banco Central do Brasil – Circular N° 4.032

June 23, 2020 – BACEN issued Circular N° 4.032 which addresses the initial structure responsible for the governance of the implementation process in the country of the Open Financial System (Open Banking).

The initial structure referred to in the caput must be formalized by July 15, 2020 through a contract signed by the associations or groups of associations representing financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Jurisdictions affected: Brazil

For more information, visit Banco Central do Brasil

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