End of the suspension of administrative time limits established by Decree-Law No. 10-A/2020 and Law No. 1-A/2020

Circular Letter No. CC/2020/00000043

Subject: End of the suspension of administrative time limits established by Decree-Law No. 10-A/2020, of 14 March and by Law No. 1-A/2020, of 19 March

Banco de Portugal, bearing in mind the publication of Decree-Law No. 20/2020, of 1 May, as well as of Law No. 16/2020, of 29 May ― legal instruments that amend the exceptional and temporary measures in response to the COVID-19 disease pandemic, repealing, among others, respectively, Article 17(1) of Decree-Law No. 10-A/2020, of 13 March, and Article 7 of Law No. 1-A/2020, of 19 March ―, hereby communicates the following:

1. Points “E” and “F” of Circular Letter No. CC/2020/00000021, of 1 April 2020, relating, respectively, to the “suspension of time limits whose expiry results in tacit approval by Banco de Portugal” and to the “suspension of administrative time limits established by normative act that run in favour of private individuals”, are repealed.

2. As a consequence of the repeal of Article 17(1) of Decree-Law No. 10-A/2020, of 13 March, by Article 5 of Decree-Law No. 20/2020, of 1 May, and also taking into account Article 6 of this Decree-Law No. 20/2020, Banco de Portugal understands that the time limits whose expiry results in tacit approval resumed their counting on 3 May 2020.

3. Article 5 of Law No. 16/2020, of 29 May, applies to the time limits covered by Article 7(9)(c) of Law No. 1-A/2020, of 19 March.

Sent to:
Credit Institutions; Investment Firms; Financial Companies; Electronic Money Institutions and Payment Institutions.

Mod. 40000375/T – 01/14