Regulatory Alerts2024-05-02
Added · Updated
Instruction (Archive) No. 6/2024
Bank of Portugal amends Article 18(2) of Instruction No. 7/2012 to classify certain tradable debt instruments with coupons linked to permitted money market rates or non-complex inflation indices as eligible collateral for Eurosystem monetary policy operations. The instruction also revokes Part VI of the same instruction, which previously allowed Greek government bonds with specific margin frameworks to be accepted as eligible assets. These changes take effect on May 6, 2024, aligning with the revocation of special treatment for Greek debt following its credit rating update to level 3 in the Eurosystem harmonized scale.
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