Regulatory Alerts2024-04-04
Instruction (Archive) No. 5/2024
Banco de Portugal issued Instruction No. 5/2024 to amend Instruction No. 11/2023, which governs the conditions for joining and using the SIRES information system for supervised entities. This regulatory update applies to a wide range of financial institutions, including credit institutions, payment institutions, and financial companies, to ensure compliance with electronic communication and registration requirements. The instruction entered into force on April 5, 2024, under the legal framework established by Law No. 5/98 and related decrees.
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