Instruction (Archive) No. 4/2019

Instruction No. 4/2019
BO No. 1/2019 Supplement • 2019/01/25
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Topics
Banking Operations :: Euro Notes and Coins
Mod. 99999940/T – 01/14
Index
Text of the Instruction
Text of the Instruction
Subject: Amendment of Instruction 15/2014, regarding decentralized deposits and withdrawals of euro notes and coins

The Bank of Portugal, through Instruction No. 15/2014, now revised, regulated the conditions under which decentralized deposit and withdrawal services of euro notes and coins are made available by entities that professionally operate with cash, additionally determining the duty to report information regarding said services, such as the identification of clients, the type of equipment in use and its location, by filling out the form available in electronic format on BPnet.

More than four years having passed since the publication and entry into force of Instruction No. 15/2014, and with the experience gathered regarding the performance of the types of equipment operating in the national territory, with the realization of tests and the production of reports that reflect, among other things, the respective results and behavior of those, the present amendment is deemed justified.

In this context, through this revision, only Credit Institutions (ICs) are now obliged to the duty of reporting information by filling out the aforementioned form available in electronic format on BPnet, determining that this amendment requires the adaptation of the field relating to “IC/ETV Code” which now contains only the reference to “IC Code”.

Regarding the possibility of including this type of information in the Integrated Inspection System in the Cash Area (SIN), as had been mentioned in Instruction No. 15/2014, it is important to clarify that this reality is, at least in the immediate future, ruled out.

Instruction No. 4/2019 BO No. 1/2019 Supplement • 2019/01/25 Topics Banking Operations :: Euro Notes and Coins
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Mod. 99999940/T – 01/14
Thus, under the provisions of Articles 14 and 17 of the Organic Law of the Bank of Portugal, approved by Law No. 5/98 of January 31, and by Decree-Laws No. 184/2007 of May 10 and No. 195/2007 of May 15, the Bank of Portugal determines, within the scope of its competencies, the following:

1. Point 1.2 shall have the following wording:
   1.2. The recipients of this instruction are credit institutions.

2. Point 4.1 shall have the following wording:
   4.1. The Issuance and Treasury Department of the Bank of Portugal provides the necessary clarifications for the operationalization of this instruction, making available the following contacts for this purpose:
   Bank of Portugal
   Issuance and Treasury Department
   Area of Studies and Regulation
   Estrada Banco de Portugal, No. 1
   Trombeta
   2580-364 Alenquer
   Telephone: 263 856 500; Fax: 263 858 460
   E-mail: recirculacao@bportugal.pt

3. This instruction enters into force 30 days after its publication.