Regulatory Alerts2025-06-03
Instruction (Historical) No. 5/2025
The Bank of Portugal issued Instruction No. 5/2025 to amend Instruction No. 3/2015, which establishes uniform rules for implementing the single monetary policy of the Eurosystem. This regulatory update specifically targets credit institutions, including banks and agricultural credit entities, to ensure compliance with updated monetary policy operational frameworks. The instruction entered into force on June 16, 2025, following its publication in the Official Bulletin on June 3, 2025.
Instruction (Historical) No. 5/2025
Summary
Amends Instruction No. 3/2015, which establishes uniform rules for the implementation of the single monetary policy by the Eurosystem.
Status
In force
Official Journal
5/2025 2nd Supplement
Enabling Law
Law No. 5/98, of 31-1
Descriptors
Euro, Eurosystem, Auction, Markets, Money Markets, SWAP Operation, Repo, SITEME, Monetary Policy
Publication Date
03-06-2025
Disclosure Date
03-06-2025
Entry into Force Date
16-06-2025
Recipient Type
Credit Institutions
Recipients
Banks, Central Credit Cooperative of Agricultural Credit, Agricultural Credit Cooperatives, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions
Theme :: Subtheme
Money Markets
Instructions Amended/Revoked
Instruction No. 3/2015
To improve your browsing experience, this website uses anonymized information provided by cookies. Cookie Policy. Cookies are text files or documents that contain small amounts of information that are downloaded and stored on the user's device via their browser when visiting a web page. Cookies can be categorized according to the purpose they serve. There are cookies that are strictly necessary for the functioning of the website, while others collect statistical information in order to analyze the use of the website and its performance, or are used to ensure the provision of additional functionalities to the site or to save the visitor's preferences regarding navigation, whenever the same device is used. This cookie policy is an integral part of the personal data protection policy. Learn more about these policies. Manage cookie preferences.
Strictly Necessary Cookies
Always active. These cookies are necessary for the website to function and cannot be switched off in our systems. Normally, they are only configured in response to actions taken by you that correspond to a request for services, such as setting your privacy preferences, logging in, or filling out forms. You can configure your browser to block or alert you about these cookies, but some parts of the website will not work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so that we can measure and improve the performance of our website. They help us know which pages are the most and least popular and see how visitors move around the website. All information collected by these cookies is aggregated and, therefore, anonymous. If you do not allow these cookies, we will not know when you visited our site.
Advertising Cookies
These cookies may be set on our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant ads on other websites. They do not store personal information directly, but are based on the unique identification of your browser and internet device. If you do not allow these cookies, you will have less targeted advertising.
Cookie List
| Checkbox Label | Label | Consent | Leg.Interest |
|---|---|---|---|
| [ ] | Label | [ ] | [ ] |
| [ ] | Label | [ ] | [ ] |
| [ ] | Label | [ ] | [ ] |
| [ ] | Label | [ ] | [ ] |