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# 2.3. Circular No. 3,682/2013

Establishes the criteria under which payment arrangements will not be part of the Brazilian Payment System.

Payment arrangements are not part of the SPB:

* of limited purpose, examples of which are those whose payment instruments are <mark style="background-color:purple;">accepted only in the network of establishments of the same business entity, even if not issued by it</mark>.

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If the Central Bank of Brazil considers that a given arrangement poses a risk to the normal functioning of retail payment transactions, its sponsor will be notified of the decision.
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## Definitions:

* Closed Payment Arrangement: a payment arrangement in which the management of electronic money or, cumulatively, the management of the account, issuance, and credentialing of the payment instrument are carried out: a) by only one payment institution or financial institution, whose legal entity is the same as the sponsor of the arrangement; or b) by a payment institution or financial institution that controls the sponsor of the arrangement or is controlled by it.

## Obligations:

The sponsors of arrangements not included in the SPB are required to provide the following information:

* registration data identifying the sponsor's director, or the person responsible for handling requests from the Central Bank of Brazil related to issues concerning the arrangement, mailing address, telephone number, and email address;
* the purpose, the type of relationship, and the territorial scope of the arrangement;
* a summary description of the characteristics of the payment instrument issued under the arrangement;
* statistics on: a) total value of payment transactions; b) amounts deposited in a payment account; c) number of transactions; d) number of active end users.

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The information referred to in the items of the caput must be updated annually with the Central Bank of Brazil, with the submission deadline being the last business day of the first quarter of the year and the reference date being the last business day of the previous calendar year.
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