Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 57

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 57
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contracts and collateral by participants. In addition, clearing houses and settlement service providers, as important components of the
system, set aside a portion of their assets as an additional guarantee for settlement of operations.

Currently,
responsibility for settlement of a transaction has been assigned to the clearinghouses or service providers responsible for it. Once a
financial operation has been submitted for clearing and settlement, it generally becomes the obligation of the relevant clearinghouse
and/or settlement service provider to clear and settle, and it is no longer subject to the risk of bankruptcy or insolvency on the part
of the market participant that submitted it for clearing and settlement.

CMN
Resolution No. 4,952/21 defines the activities of the clearing and payment (settlement) chambers and service providers under the Brazilian
Payments System, in order for the SPB to be structured in accordance with principles that ensure the safety, efficiency, integrity and
reliability of the clearing and payment (settlement) chambers and service providers that operate in it.

The
Central Bank of Brazil and CVM have the power to regulate and supervise the SPB. The only members of the SPB are institutions of payments
and payment arrangements that have high financial volumes. These volumes accumulated in the last 12 months are equivalent to R$500 million
in total value of transactions and 25 million transactions, in the case of payment arrangements.

BCB
Resolution No. 80/21, as amended, regulates the establishment and operation of payment institutions, establishing the parameters for authorization
requests made by these institutions to operate and provide payment services by other institutions authorized to operate by the Central
Bank of Brazil. BCB Resolution No. 81/21 regulates the processes of authorization related to the operation of payment institutions and
to the provision of services of payment by other institutions authorized to operate by the Central Bank of Brazil.

It is
worth mentioning that, in March 2022, the Central Bank of Brazil edited BCB Resolution No. 205/22, amending BCB Resolution No. 81/22 in
order to include the possibility: (i) of investment funds holding qualified participation in payment institutions; and (ii) that the provisions
applicable to the individual or legal entity holding a qualified holding provided for by BCB Resolution No. 81/21 also cover the shareholders
of the investment fund who are effectively authorized to conduct their operations, in addition to preventing the possibility of an investment
fund being a controller, or a member of a control