2023-12-21
The Bank of Portugal issued Instruction No. 29/2023 to amend Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI). This regulatory update applies to credit institutions, including the Central Credit Agricultural Mutual Fund and Savings Banks, and entered into force on January 1, 2024. The instruction modifies operational rules for interbank clearing, covering payment systems such as TARGET2, direct debits, and electronic transfers.
Amends Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI).
In force
12/2023
Enabling Law Law No. 5/98, of 31-1, Art. 14.
Payment Systems, Clearing, Checks, Direct Debits, Commercial Bill, Multibanco, Electronic Payment, Tariff, Direct Debit System, TARGET2, Interbank Electronic Transfers, Credit Cards, Debit Cards
21-12-2023
21-12-2023
01-01-2024
Credit Institutions
Banks, Central Credit Agricultural Mutual Fund, Agricultural Credit Mutual Savings Banks
Clearing
Instruction No. 8/2018
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