Regulatory Alerts2020-01-15
Added
Instruction No. 1/2020
Bank of Portugal amends Instruction No. 7/2019 to extend its applicability to credit institutions acting as sponsors of ABCP programs under Article 25(4) of Regulation (EU) 2017/2402. The amendment updates Article 2 of the original instruction to explicitly include credit institutions subject to due diligence obligations when acting in this capacity. This change aligns national regulation with the supervisory competencies assigned to the Bank of Portugal by Law No. 69/2019.
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