Regulatory Alerts2017-02-09
Added
Bank of Portugal Notice No. 2/2017
The Bank of Portugal amends Article 5 of Notice No. 9/2014 to reduce the exempted amount for large exposure limits regarding covered bonds under Articles 129(1), (3), and (6) of Regulation (EU) No 575/2013 to 20% of their value. This change aligns national prudential frameworks with the European Central Bank's Regulation (EU) 2016/445 while clarifying exemptions under Article 493(3)(e). The notice enters into force the day after its publication in the Official Journal.
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