Regulatory Alerts2019-05-30
Added · Updated
Instruction (Historical) No. 7/2019
The Bank of Portugal incorporates the European Banking Authority's guidelines on STS criteria for ABCP and non-ABCP securitizations into Portuguese law, requiring less significant credit institutions and qualifying investment firms acting as institutional investors to implement due diligence practices. These entities must conduct rigorous assessments of securitization operations and associated risks rather than relying exclusively on STS notifications or provided information. The instruction applies to these entities when acting as institutional investors other than the originator, sponsor, or original lender, and enters into force the day after its publication.
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