Regulatory Alerts2020-02-17
Added · Updated
Circular Letter No. CC/2020/00000010 - PERTO Electronic Platform for Registration and Transmission of Official Documents
The Bank of Portugal establishes the PERTO electronic platform, effective March 16, 2020, for the registration and transmission of information requests and official documents between issuing entities and supervised financial institutions. Issuing entities, such as courts and police, must use this secure system to send requests, while supervised entities, including credit institutions and investment companies, are required to receive and download these documents via the BPnet system. The platform retains information for 30 days, allows for retransmission requests within 90 days, and prohibits recipients from storing the data in their own systems or using it for other purposes. The previous service using email for document distribution is discontinued upon the platform's launch.