2020-12-31

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.

Banco de Portugal logo

Portugal

Banco de Portugal

Click to view thumbnail

Instruction (Archive) No. 34/2020

Summary

Amends Instruction No. 3/2015, which establishes uniform rules for the implementation of the single monetary policy by the Eurosystem.

Status

In force

Official Journal

12/2020 4th Supplement

Enabling Law

Law No. 5/98, of 31-1

Descriptors

Euro, Eurosystem, Auction, Markets, Money Markets, SWAP Operation, Repo, SITEME, Monetary Policy

Publication Date

31-12-2020

Disclosure Date

31-12-2020

Entry into Force Date

01-01-2021

Recipient Type

Credit Institutions

Recipients

Banks, Central Credit Agricultural Mutual Fund, Mutual Agricultural Credit Societies, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions

Theme :: Subtheme

Money Markets

Amended/Revoked Instructions

Instruction No. 3/2015

Link

Copied!


To improve your browsing experience, this site uses anonymized information provided by cookies. Cookie Policy. Cookies are text files or documents that contain small amounts of information that are downloaded and stored on the user's device via their browser when visiting a web page. Cookies can be categorized according to the purpose they serve. There are cookies that are strictly necessary for the functioning of the site, while others collect statistical information in order to analyze the use of the site and its performance, or are used to ensure the provision of additional functionalities to the site or to save the visitor's preferences regarding navigation, whenever you use the same device. This cookie policy is an integral part of the personal data protection policy. Learn more about these policies. Manage cookie preferences.

Strictly Necessary Cookies

Always active. These cookies are necessary for the website to function and cannot be switched off in our systems. Normally, they are only configured in response to actions taken by you that correspond to a request for services, such as setting your privacy preferences, logging in, or filling out forms. You can configure your browser to block or alert you about these cookies, but some parts of the website will not work. These cookies do not store any personally identifiable information.

Performance Cookies

These cookies allow us to count visits and traffic sources so that we can measure and improve the performance of our website. They help us know which pages are the most and least popular and see how visitors move around the website. All information collected by these cookies is aggregated and, therefore, anonymous. If you do not allow these cookies, we will not know when you visited our site.

Advertising Cookies

These cookies may be set on our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant ads on other websites. They do not store personal information directly, but are based on the unique identification of your browser and internet device. If you do not allow these cookies, you will have less targeted advertising.

Cookie List

Checkbox LabelLabelConsentLeg. Interest
[ ]Label[ ][ ]
[ ]Label[ ][ ]
[ ]Label[ ][ ]
[ ]Label[ ][ ]