Regulatory Alerts2021-06-21
Added · Updated
Instruction No. 10/2021
Bank of Portugal amends Instruction No. 3/2015 to align with ECB Guideline (EU) 2021/889, restricting or suspending monetary policy operations for counterparties failing to meet capital requirements or report capital and leverage ratios within 14 to 20 weeks. The amendment also updates Article 150 to impose pecuniary sanctions for breaches of Article 149 obligations and replaces the abbreviation "BdP" with "Bank" throughout the text. These prudential measures and reporting deadlines apply to financial counterparties supervised by the Eurosystem.
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