Regulatory Alerts2020-04-23
Added
Additional flexibility measures related to the COVID-19 pandemic
Banco de Portugal grants additional flexibility for information reporting deadlines to credit institutions, investment firms, financial companies, social participation management companies, payment institutions, and electronic money institutions due to the COVID-19 pandemic. Deadlines of May 12, 2020, for Notice No. 2/2016, Instruction No. 5/2017, and Commission Implementing Regulation (EU) No 680/2014 are extended to June 12, 2020, excluding monthly LCR and ALMM reports. Deadlines of April 30, 2020, for Instruction No. 14/2006 and Instruction No. 2/2007 are also extended to June 12, 2020, and the deadline for Funding Plans (EBA/GL/2019/05) due March 31, 2020, is extended to May 31, 2020. Furthermore, the administrative or supervisory bodies of these entities must report any events with relevant negative impact on their financial or prudential situation to Banco de Portugal at all times.
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