Regulatory Alerts2023-03-17
Instruction (Archive) No. 8/2023
Banco de Portugal issued Instruction No. 8/2023 to amend Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI). This regulatory update modifies the operational framework for interbank compensation, covering payment instruments such as checks, direct debits, and electronic transfers. The instruction entered into force on March 17, 2023, and applies to credit institutions, the Central Credit Agricultural Mutual Fund, and related entities.
Share