Regulatory Alerts2020-04-15
Instruction (Archive) No. 9/2020
Banco de Portugal issued Instruction No. 9/2020 to amend Instruction No. 17/2009 regarding the reporting of associated persons' limits for agricultural credit unions. The regulation mandates the Central Credit Union and affiliated agricultural credit unions to submit specific informational elements to the central bank. This directive entered into force on April 16, 2020, under the legal framework of Law No. 5/98 and Decree-Law No. 298/92.
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