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.
Regulates the liabilities for retirement and survivor pensions arising from defined benefit plans of credit institutions and financial companies and revokes the Banco de Portugal Notice No. 12/2001, of November 23, and the Banco de Portugal Instruction No. 4/2002, of February 15.
In force
DR, 2nd Series, Part E, No. 43 of 03-03-2026
DL No. 298/92, of 31-12, RGICSF, arts. 99, para. 1, 115, para. 1 and 120, para. 2
03-03-2026
04-03-2026
Pension Funds, Prudential Standards, Retirement Pension, Survivor Pension, Provisions, Liabilities, Supervision
Credit Institutions, Financial Companies
Exchange Agencies, Banks, Central Credit Agricultural Mutual Fund, Agricultural Credit Mutual Savings Banks, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions, Regional Development Companies, Factoring Companies, Mutual Guarantee Companies, Investment Companies, Financial Leasing Companies, Credit Financial Companies, Microcredit Financial Companies
Notice No. 12/2001
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