2022-04-20

Instruction (Historical) No. 8/2022

Banco de Portugal issued Instruction No. 8/2022 to amend Instruction No. 54/2012, which governs the operation of the TARGET2-PT real-time gross settlement transfer system. This regulatory update modifies the operational rules for credit institutions and specific agricultural credit entities regarding interbank transfers. The instruction entered into force on May 2, 2022, following its publication in the Official Bulletin in April 2022.

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Instruction (Historical) No. 8/2022

Summary

Amends Instruction No. 54/2012, which regulates the operation of the TARGET2-PT trans-European real-time gross settlement transfer system.

Status

In force

Official Journal

4/2022 Supplement Law Enabling Law Law No. 5/98, of 31-01, art. 14.

Descriptors

Credit Opening, Intraday Credit Opening, Clearing, Large-Value Payment Systems, Payment Systems, TARGET2, Interbank Transfers

Other Regulations

ECB Guideline ECB/2022/4, of 17-02

Publication Date

20-04-2022

Disclosure Date

20-04-2022

Entry into Force Date

02-05-2022

Recipient Type

Credit Institutions

Recipients

Banks, Central Credit Cooperative of Agricultural Credit, Agricultural Credit Cooperatives, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions

Theme :: Subtheme

Large-Value Payment Systems

Instructions Amended/Revoked

Instruction No. 54/2012

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