Regulatory Alerts2024-12-20
Instruction No. 19/2024
Bank of Portugal issued Instruction No. 19/2024 to determine the calculation and periodic disclosure of maximum Annual Total Cost of Credit (TAEG) limits for consumer credit contracts. This regulation revokes Instruction No. 14/2013 and establishes behavioral supervision standards for credit institutions and financial companies. The instruction entered into force on April 1, 2025, to ensure transparency in consumer credit pricing.
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