Regulatory Alerts2022-12-30
Instruction (Historical) No. 20/2022
Banco de Portugal issued Instruction No. 20/2022 to publish the maximum interest rates applicable to consumer credit contracts for the first quarter of 2023. The directive mandates compliance with the caps established under Decree-Law No. 133/2009, specifically targeting the Global Effective Annual Percentage Rate (TAEG). This regulatory measure applies to credit institutions and financial companies operating in Portugal to ensure consumer protection and market transparency.
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