Brazil Open Finance (Resolução Conjunta No. 1/2020)
Brazil's Open Finance framework, established by the Central Bank of Brazil (BCB) through Resolução Conjunta No. 1/2020 and subsequent regulations, creates one of the world's most comprehensive open financial data ecosystems. Mandatory for regulated financial institutions, it covers banking, insurance, investments, pensions, and foreign exchange data sharing. Phases implemented from 2021-2023. Uses standardised APIs managed by the Open Finance Brasil governance structure.
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Framework Domains (5)
Brazil Open Finance Cap. I-II: Implementation, Definitions and Objectives
| Code | Title |
|---|---|
| BR-OF-A1 | Implementation and scope of Open Finance |
| BR-OF-A2 | Definitions |
| BR-OF-A3 | Objectives of Open Finance |
| BR-OF-A4 | Institutions' obligations |
Brazil Open Finance Cap. III: Scope of Sharing and Participants
| Code | Title |
|---|---|
| BR-OF-A5 | Scope of data and services shared |
| BR-OF-A6 | Participants (transmitter, recipient, initiator) |
| BR-OF-A7 | Registration of participation |
Brazil Open Finance Cap. IV: Data Sharing, Consent and Security
| Code | Title |
|---|---|
| BR-OF-A10 | Data recipient and initiator obligations |
| BR-OF-A12 | Data use limitation and accuracy |
| BR-OF-A13 | Payment initiation consent |
| BR-OF-A14 | Client information requirements |
| BR-OF-A15 | Responsibilities in data sharing |
| BR-OF-A16 | Security measures by transmitter/account holder |
| BR-OF-A17 | Customer authentication procedures |
| BR-OF-A20 | Confirmation of sharing |
| BR-OF-A23 | Dedicated interfaces (APIs) |
| BR-OF-A24 | Information to participants |
| BR-OF-A8 | Consent for data and transaction sharing |
| BR-OF-A9 | Information provision to client |
Brazil Open Finance Cap. V: Availability, Conduct and Governance
| Code | Title |
|---|---|
| BR-OF-A25 | Availability and crisis management |
| BR-OF-A28 | Prohibition on obstacles to sharing |
| BR-OF-A30 | Customer service channel |
| BR-OF-A31 | Reliability and responsibility |
| BR-OF-A33 | Responsible director |
| BR-OF-A34 | Personal data treatment (LGPD) |
Brazil Open Finance Cap. VI-VIII: Convention, Oversight and Final Provisions
| Code | Title |
|---|---|
| BR-OF-A44 | Open Finance governance convention |
| BR-OF-A46 | Banco Central oversight role |
| BR-OF-A48 | Risk management policies |
| BR-OF-A49 | Records available to the Banco Central |
| BR-OF-A52 | Banco Central power to veto or restrict participation |
| BR-OF-A53 | Entry into force and transition |
Your Compliance Coverage
If you comply with Brazil Open Finance (Resolução Conjunta No. 1/2020), you already cover:
Australia Consumer Data Right - Banking (CDR)
16%
5 controls mapped
Compare →LGPD
10%
3 controls mapped
Compare →ISO/IEC 17050-2:2004
3%
1 controls mapped
Compare →+ 2 more: ISO 31000:2018 (3%), ISO/IEC 23894:2023 (3%)
See all 5 mapped frameworks ↓Maps to 5 other frameworks
Frequently Asked Questions
What is Brazil Open Finance (Resolução Conjunta No. 1/2020)?
Brazil Open Finance (Resolução Conjunta No. 1/2020) is a compliance framework from Brazil with 5 domains and 31 controls. Brazil's Open Finance framework, established by the Central Bank of Brazil (BCB) through Resolução Conjunta No. 1/2020 and subsequent regulations, creates one of the world's most comprehensive open financial data ecosystems. Mandatory for regulated financial institutions, it covers banking, insurance, investments, pensions, and foreign exchange data sharing. Phases implemented from 2021-2023. Uses standardised APIs managed by the Open Finance Brasil governance structure. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does Brazil Open Finance (Resolução Conjunta No. 1/2020) have?
Brazil Open Finance (Resolução Conjunta No. 1/2020) has 31 controls organised across 5 domains. The largest domains are Brazil Open Finance Cap. IV: Data Sharing, Consent and Security (12 controls), Brazil Open Finance Cap. V: Availability, Conduct and Governance (6 controls), Brazil Open Finance Cap. VI-VIII: Convention, Oversight and Final Provisions (6 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does Brazil Open Finance (Resolução Conjunta No. 1/2020) map to?
Brazil Open Finance (Resolução Conjunta No. 1/2020) maps to 5 other compliance frameworks. The top mapping partners are Australia Consumer Data Right - Banking (CDR) (16% coverage), LGPD (10% coverage), ISO/IEC 17050-2:2004 (3% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with Brazil Open Finance (Resolução Conjunta No. 1/2020) compliance?
Start your Brazil Open Finance (Resolução Conjunta No. 1/2020) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about Brazil Open Finance (Resolução Conjunta No. 1/2020) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 31 controls and track your progress.
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