2020-12-18

Instruction No. 32/2020 (Historical)

The Bank of Portugal issued Instruction No. 32/2020 to establish the base rate for calculating periodic contributions to the Resolution Fund for the year 2021. The regulation sets this base rate at 0.060% and applies to credit institutions, investment firms, and financial leasing companies. The instruction entered into force on January 1, 2021, and is now expired.

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Instruction (Historical) No. 32/2020

Summary Sets the base rate for determining periodic contributions to the Resolution Fund for the year 2021 at 0.060%.

Status Expired

Official Journal 12/2020 Supplement

Enabling Law DL No. 24/2013, of February 19, Art. 11, No. 2; Notice No. 1/2013, of March 26, Art. 2, No. 3

Descriptors Contributions, Resolution Fund

Publication Date 18-12-2020

Dissemination Date 17-12-2020

Entry into Force Date 01-01-2021

Recipient Type Investment Firms, Credit Institutions, Financial Companies

Recipients Banks, Central Credit Cooperative Savings Bank, Agricultural Credit Cooperative Savings Banks, Savings Banks, Credit Financial Institutions, Brokerage Companies, Factoring Companies, Mutual Guarantee Companies, Investment Companies, Financial Leasing Companies, Brokerage Financial Companies

Theme :: Subtheme Contributions

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