Regulatory Alerts2023-04-03
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Circular Letter No. CC/2023/00000017
Banco de Portugal issued Circular Letter No. CC/2023/00000017 to clarify the applicability of EBA Guidelines on the concept of 'connected clients' to specific financial entities. The directive aligns the definition established in Article 4(1) of the Capital Requirements Regulation with the entities identified in Banco de Portugal Notice No. 11/2014. This clarification targets factoring, mutual guarantee, investment, financial leasing, and credit financial societies to ensure consistent prudential supervision.
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