Regulatory Alerts2023-03-01
Instruction (Archive) No. 5/2023
Bank of Portugal issued Instruction No. 5/2023 to amend Instruction No. 10/2015, which characterizes and regulates the Collateral Management System and Operations (COLMS). This regulatory update specifically targets credit institutions, including banks, the Central Credit Agricultural Mutual Fund, and savings banks, to ensure compliance with updated operational standards. The instruction entered into force on March 20, 2023, following its publication in the Official Bulletin on March 1, 2023.
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