Regulatory Alerts2019-05-30
Instruction No. 7/2019
The Bank of Portugal issued Instruction No. 7/2019 to incorporate the European Banking Authority's guidelines on Simple, Transparent, and Standardised (STS) criteria for both ABCP and non-ABCP securitizations. This regulation establishes prudential standards and supervisory requirements for credit institutions and investment firms regarding credit risk and financial transparency. It was amended by Instruction No. 1/2020 and entered into force on May 31, 2019.
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