RegAlert

Rule · BDP · 5 Jun 2025

Circular Letter No. CC/2025/00000013

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Circular Letter No. CC/2025/00000013 revokes Circular Letter No. 007/2014/DET, which previously established procedures and requirements for credit institutions regarding cross-border cash operations. The revocation is enacted due to the lack of practical application of the 2014 circular since its issuance in 2014. This action aims to ensure legal clarity and certainty by removing the unimplemented regulation from the framework.

PortugalBanco de Portugal

Circular Letter No. CC/2025/00000013
Sent to:
Credit Institutions and Financial Companies.
Mod. 40000375/T – 01/14
Subject: Revocation of Circular Letter No. 007/2014/DET

Circular Letter No. 007/2014/DET, of June 23, establishes the procedures and requirements to be adopted by Credit Institutions (CIs) when cross-border cash operations are involved, distinguishing the rules applicable to orders transmitted to the Bank of Portugal (BdP) by domestic CIs from the rules applicable to orders transmitted to the BdP by another National Central Bank of the euro zone.

Although the aforementioned Circular Letter has been in force since 2014, there has been no effective implementation of it, its practical application has not occurred, nor is it expected to occur.

Thus, for reasons of clarity and legal certainty, Circular Letter No. 007/2014/DET is revoked.

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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

DET Circular Letter No. 7 dated2014-06-23Not in RegAlertDET Circular Letter No. 7 dated 2014-06-23 — Not in RegAlertCircular Letter No.CC/2025/000000132025-06-05 · this documentCircular Letter No. CC/2025/00000013 (2025-06-05)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Supersedes
  • DET Circular Letter No. 7 dated 2014-06-23Not in RegAlert

    “Circular Letter No. 007/2014/DET is revoked.”

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