Regulatory Alerts2026-02-24
Added
Instruction No. 1/2026: Regulation of the Credit Responsibilities Register
This Instruction revokes and replaces Instruction No. 17/2018 to incorporate changes from Decree-Law No. 103/2025, which transposed Directive (EU) 2021/2167, establishing a framework for the assignment and management of non-performing bank credits. It expands the scope of participating entities to include credit managers, entities authorized in other Member States, collaborative financing service providers, and potentially other credit institutions, payment institutions, electronic money institutions, and alternative credit investment undertakings. The Instruction introduces the obligation to communicate daily credit events, allows participating entities to access centralized information for the 12 months prior to the latest centralization, and adds requirements for monitoring the debt service-to-income ratio (DSTI) and credit intermediaries. It also exempts participating entities from reporting assignments under Article 9 of the Regime for the Assignment and Management of Bank Credits, as the Banco de Portugal will now receive all such information.
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