Economy

CMN and BC update Open Finance security and transparency rules

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 23/10/2026, 20:24:24 UTC.

Briefings

Brazil's CMN and BC updated Open Finance security and transparency rules on October 22, 2026. Key changes include mandatory specific consent for each partner, stricter monitoring of partner compliance, and the ability to suspend data sharing if security risks arise. These measures aim to clarify responsibilities, reduce interpretation divergences, and enhance client control over financial data usage, with special provisions for corporate consent processes.

Key points

• The CMN and BC jointly approved new Open Finance regulations effective immediately, requiring specific consent for each partner entity before financial data can be shared.
• New rules mandate rigorous monitoring of partner institutions to ensure compliance and allow suspension of data sharing if security risks are identified.

Context

Open Finance allows clients to authorize financial data sharing between participating institutions to improve service offerings. The updated rules strengthen security and transparency while clarifying responsibilities for all involved parties.

Limitations

Evidence covers only the October 22, 2026 regulatory update. Specific implementation timelines, exact data volume thresholds, and long-term impact projections remain unconfirmed.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 23/10/2026, 20:50:41 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeih35tfmwwgsgbvvf3b4ltvwigz67ryo2lzpmpqpiazgshd6c253lm