Regulatory Alerts2020-02-24
Instruction (Archive) No. 4/2020
The Bank of Portugal issued Instruction No. 4/2020 to revise the maximum interest rates applicable to consumer credit contracts for the first quarter of 2020 under Decree-Law No. 133/2009. This regulatory update supersedes and revokes the previous Instruction No. 22/2019, establishing new caps for the specified period. The instruction applies to credit institutions and financial companies, with an effective date of April 1, 2020.
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