Regulatory Alerts2020-06-11
Directive No. 01/DMA-2020 of June 12
The Department of Asset Markets mandates Banking Financial Institutions to register foreign currency purchase and sale transactions of USD 50,000 or more on the Bloomberg FXGO platform using the FXGO Trade Affirmation command. This requirement ensures that untraded exchange operations are captured and establishes a truly representative reference exchange rate for the market. Non-compliance constitutes a punishable offense under Law No. 12/2015, and the directive enters into force on June 22, 2020.
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