Regulatory Alerts2024-02-01
Added · Updated
Instruction No. 1/2024
The Bank of Portugal amends Instruction No. 8/2018 to align the maximum transaction limits for deferred clearing and settlement subsystems with electronic payment thresholds for state tax payments. Specifically, the limit is set at 100,000 euros for the commercial effects clearing subsystem and 500,000 euros for cheque, direct debit, credit transfer, and card-based payment subsystems. These provisions apply from March 1, 2024.
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