Regulatory Alerts2023-03-01
Added · Updated
Instruction (Historical) No. 6/2023
The Bank of Portugal amends Instruction No. 3/2015 to align with the TARGET consolidation, replacing references to TARGET2 with TARGET and updating definitions for intraday credit and ECONS credit. Counterparties must open specific accounts in the Central Liquidity Management (CLM) facility for permanent deposit and liquidity lending facilities, and are required to deposit eligible assets prior to the automatic request for liquidity lending at the end of each business day. The amendments also update operational requirements for auction participation, collateral management, and settlement systems, with the instruction entering into force on March 20, 2023.
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