Regulatory Alerts2026-03-26
Added · Updated
Instruction No. 02/2026
Instruction No. 02/2026 extends the mandatory use of the European Central Bank's Information Management System (IMAS) Portal for various supervisory procedures. Entities headquartered in Portugal subject to supervision by Banco de Portugal or the ECB, as well as credit institutions from EU/EEA Member States with branches in Portugal, must now use the IMAS Portal for procedures including authorization for credit institution incorporation, prior notification of qualified holding acquisition or increase, and authorization for certain function holders in ECB-supervised institutions. Significant credit institutions headquartered in Portugal must also use the IMAS Portal for prior notifications related to branch establishment and freedom to provide services in EU/EEA Member States if they opt for electronic submission, while submission for authorization and exemption of financial companies in significant groups is voluntary. This instruction partially revokes Instruction No. 7/2021 and amends Instruction No. 11/2023 to reflect these changes.