Regulatory Alerts2024-02-08
Instruction (Historical) No. 2/2024
The Bank of Portugal issued Instruction No. 2/2024 to amend Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI). This regulatory update was published in the Official Gazette on February 8, 2024, and entered into force on the same date. The instruction specifically targets credit institutions, including banks and the Central Credit Agricultural Mutual Savings Bank, to ensure compliance with updated clearing system standards.
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