Regulatory AlertsNotice No. 3/2020
Bank of Portugal Notice No. 3/2020 regulates the internal governance and control systems of supervised entities and establishes minimum standards for organizational culture. The notice revokes previous regulations, specifically Notices No. 5/2008 and 10/2011, as well as Instruction No. 20/2008. It applies to credit institutions, financial companies, and other supervised entities to ensure robust risk management and transparency.
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