Regulatory Alerts2021-01-15
Added · Updated
Instruction No. 1/2021
Instruction No. 1/2021 revokes Instruction No. 2/2007, thereby eliminating the quarterly reporting obligation for credit portfolio evolution previously required from credit institutions, financial companies, and branches of non-EU entities in Portugal. This repeal is implemented to reduce reporting burdens, as the requested data is now redundantly collected through COREP/FINREP reports and the Credit Liability Central. The final report under the repealed instruction, with a reference date of December 31, 2020, must be submitted by January 31, 2021.
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