Regulatory Alerts2019-01-25
Instruction No. 3/2019
The Bank of Portugal issued Instruction No. 3/2019 to define procedures for the Internal Capital Adequacy Assessment Process (ICAAP) and establish corresponding reporting models. This regulation supersedes Instruction 15/2007 and applies to credit institutions, electronic money institutions, payment institutions, and financial companies. It establishes prudential standards for capital self-assessment and information reporting within the Portuguese financial sector.
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