2022-02-17
Banco de Portugal issued Instruction No. 3/2022 to amend Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI). This regulatory update applies to credit institutions and modifies the operational rules governing interbank payment and clearing mechanisms. The instruction entered into force on February 25, 2022, following its publication in the Official Gazette.
Summary Amends Instruction No. 8/2018, of March 22, which regulates the Interbank Clearing System (SICOI).
Status In force
Official Gazette 2/2022
Supplement Law
Enabling Law Law No. 5/98, of January 31, Art. 14; Decree-Law No. 298/92, of December 31, Art. 92
Descriptors Payment Systems, Clearing, Checks, Direct Debits, Commercial Paper, Multibanco, Electronic Payment, Price List, Direct Debit System, TARGET2, Interbank Electronic Transfers, Credit Cards, Debit Cards
Publication Date 17-02-2022
Disclosure Date 17-02-2022
Entry into Force Date 25-02-2022
Type of Recipient Credit Institutions
Recipients Banks, Central Credit Agricultural Mutual Savings Bank, Agricultural Credit Mutual Savings Banks
Theme :: Subtheme Clearing
Amended/Revoked Instructions Instruction No. 8/2018
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