Regulatory AlertsNotice No. 1/2026
Banco de Portugal issued Notice No. 1/2026 to regulate the liabilities for retirement and survivor pensions arising from defined benefit plans held by credit institutions and financial companies. This regulation revokes previous directives, specifically Notice No. 12/2001 and Instruction No. 4/2002, to update prudential standards for pension provisions. The notice applies to a wide range of financial entities including banks, savings institutions, and factoring companies, with the regulation entering into force on March 4, 2026.
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