Regulatory Alerts2021-02-22
Added · Updated
Circular Letter No. CC/2021/00000006
Credit institutions, financial companies, payment institutions, and electronic money institutions with headquarters or branches in Portugal must subscribe to the "Behavioral Inspection / Correspondence" service on BPnet. Starting April 1, 2021, all communications between the Bank of Portugal and supervised entities regarding behavioral inspection activities must be conducted exclusively through this service. Institutions must ensure that compliance officers and designated interlocutors are registered users, and responses must retain the original subject line format containing process and institution codes.
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