Regulatory Alerts2019-05-30
Instruction (Historical) No. 7/2019
Bank of Portugal issued Instruction No. 7/2019 to incorporate the European Banking Authority's guidelines on Simple, Transparent, and Standardised (STS) criteria for both ABCP and non-ABCP securitizations. This regulation aligns national supervisory requirements with EBA/GL/2018/08 and EBA/GL/2018/09 to enhance transparency and risk management in credit markets. It was subsequently amended by Instruction No. 1/2020 and applies to various financial institutions including credit institutions and investment firms.
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