2025-01-30
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.
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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