Regulatory Alerts2024-09-26
Circular Letter No. 04/2024, dated September 26
The Markets Department requires banking financial institutions to report the 10% foreign exchange position limit based on daily FX transactions executed by end-of-day. This clarification to Circular Letter No. 13/2022 ensures full compliance with position limits and enhances foreign exchange market dynamism. The directive takes effect upon publication, streamlining daily reporting obligations for regulated entities.
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