Instruction (Historical) No. 8/2025

Instruction No. 8/2025 Official Bulletin No. 5/2025 2nd Supplement • 2025/06/03 .................................................................................................................................................................................................. Topics Banking Operations :: Deposits and Withdrawals of Banknotes Form 99999940/T – 01/14 Index Text of the Instruction Text of the Instruction Subject: Revocation of Instruction No. 15/2014 (amended by Instruction No. 4/2019)

Instruction No. 15/2014, of August 18, as amended by Instruction No. 4/2019, of January 25, regulates the conditions under which decentralized deposit and withdrawal services for euro banknotes and coins are made available by entities that operate professionally with cash.

Additionally, it determines the duty to report information regarding the aforementioned services, such as the identification of clients, the type of equipment in use and its location, by filling out the form made available in electronic format on BPnet.

Currently, the commercialization and installation of this equipment by entities subject to the reporting duty has suffered a very sharp decrease. Additionally, no new equipment has been installed that would determine the need for testing and monitoring by the Banco de Portugal, as had happened in the past, thus losing the useful effect of the regulation of this reality.

Due to the substantial change in the business related to this equipment, the information we receive regarding the reality of this type of operation is partial, incomplete, and residual, so we consider that Instruction No. 15/2014 should be revoked and, consequently, Instruction No. 4/2019.

Thus, in the exercise of the powers conferred upon it by Articles 14 and 17 of the Organic Law of the Banco de 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 Banco de Portugal determines the following:

Article 1. Revoking Norm

Instruction No. 15/2014 of the Banco de Portugal, published in the Official Bulletin No. 8/2014 on August 18, 2014, regarding the decentralized deposits and withdrawals of euro banknotes and coins, as amended by Instruction No. 4/2019, published in the Official Bulletin No. 1/2019 (Supplement) on January 25, 2019, is hereby revoked, which is also considered revoked.

Instruction No. 8/2025 Official Bulletin No. 5/2025 2nd Supplement • 2025/06/03 Topics Banking Operations :: Deposits and Withdrawals of Banknotes .................................................................................................................................................................................................. Form 99999940/T – 01/14

Article 2. Entry into Force

This Instruction enters into force the day following its publication.