2025-01-30

Instruction (Historical) No. 2/2025

Banco de Portugal issued Instruction No. 2/2025 to amend Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI). This regulatory update applies to credit institutions and modifies the operational framework for interbank compensation, electronic payments, and direct debits. The instruction entered into force on January 30, 2025, under the authority of Law No. 5/98.

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Instruction (Historical) No. 2/2025

Summary Amends Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI).

Status In force

Official Journal 1/2025 2nd Supplement

Enabling Law Law No. 5/98, of January 31, Art. 14.

Descriptors Payment Systems, Clearing, Electronic Payment, Interbank Electronic Transfers, Tariff, Commissions, TARGET2, Direct Debit System

Publication Date 30-01-2025

Dissemination Date 30-01-2025

Entry into Force Date 30-01-2025

Recipient Type Credit Institutions

Recipients Banks, Central Credit Cooperative Bank, Agricultural Credit Cooperative Savings Banks, Savings Banks

Theme :: Subtheme Clearing

Instructions Amended/Revoked Instruction No. 8/2018

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