Regulatory Alerts2020-12-31
Instruction (Archive) No. 34/2020
The Bank of Portugal issued Instruction No. 34/2020 to amend Instruction No. 3/2015, which establishes uniform rules for implementing the single monetary policy of the Eurosystem. This regulatory update specifically modifies the operational framework governing monetary policy operations conducted by the Eurosystem. The instruction entered into force on January 1, 2021, and applies to credit institutions, the Central Credit Agricultural Mutual Fund, and related financial entities.
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