Regulatory Alerts2020-10-09
Circular Letter No. CC/2020/00000059
The Bank of Portugal issued Circular Letter No. CC/2020/00000059 to instruct supervised credit institutions to comply with the reporting and disclosure obligations set out in the EBA Guidelines on reporting for supervisory purposes and disclosure requirements under the 'fast solution' of Regulation (EU) 2020/873. The directive mandates that these requirements be observed starting from the reference date of 30 September 2020, inclusive. This measure ensures adherence to prudential standards and information transparency in response to the COVID-19 pandemic.
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