Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 177

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 177
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 the arrangement or the security and privacy of its users’ data.

105 – Form 20-F 2024 | Bradesco
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On December 1, 2022, BCB Resolution No. 270/22 was edited, which amended Annex I of BCB Resolution No. 177/21 to adjust provisions on infractions subject to penalty.
 In parallel with BCB Resolution No. 177/21, BCB Resolution No. 293/23, which amended the Regulation annexed to BCB Resolution No. 1/20, which, in turn, governs the operation of the payment arrangement of the Pix.
 BCB Resolution No. 293/23 aims to define arrangements for establishing partnerships between Pix participants and to regulate transitional provisions regarding criteria and conditions for outsourcing activities and for establishing partnerships between Pix participants.
 On December 7, 2023, BCB Resolution No. 361/23 was edited, which adjusted and inserted provisions related to the application of penalty in case of non-compliance with rules regarding the Automatic Pix.
 On the same date, BCB Normative Instruction No. 436/23 was edited, which established the operational procedures related to the Automatic Pix, Scheduled Pix and Billing Pix, which was subsequently revoked and replaced by BCB Normative Instruction No. 513/24.
 
4.B.70.02-16 Special Temporary Administrative, Intervention and Extrajudicial Liquidation Regimes – Under Law No. 6,024/74
 
Ø   Intervention
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 The Central Bank of Brazil will intervene in the operations and management of any financial institution not controlled by the Federal Government if the institution:
 
·   suffers losses due to mismanagement, putting creditors at risk;
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·   repeatedly violates banking regulations; or
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·   is insolvent.
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 Intervention may also be ordered upon the request of a financial institution’s management and may not exceed 12 months. During the intervention period, the institution’s liabilities are suspended in relation to overdue obligations, maturity dates for pending obligations contracted prior to intervention, and liabilities for deposits in the institution existing on the date intervention was ordered.
 

Ø   Administrative liquidation
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 The Central Bank of Brazil will liquidate a financial institution if:
 
·                  the institution’s economic or financial situation is at risk, particularly when the institution                
    ceases to meet its obligations as they fall due, or upon the occurrence of an event that could indicate a state of bankruptcy;
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·