Regulatory Alerts2019-01-25
Added · Updated
Instruction (Archive) No. 3/2019
This Instruction incorporates European Banking Authority guidelines into national law, requiring credit institutions and investment firms supervised by the Bank of Portugal to maintain robust, forward-looking ICAAP processes that align capital levels with their risk profiles. It mandates the submission of ICAAP reports using specific full, intermediate, or simplified models by March 31 annually, with reference to the previous year-end figures. The regulation excludes significant institutions supervised by the ECB and revokes Instruction No. 15/2007, entering into force the day after publication.
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