Regulatory Alerts2025-09-30
Added · Updated
Instruction No. 12/2025
Bank of Portugal amends Instruction No. 16/2022 to implement ECB regulations, granting non-bank payment service providers access to TARGET-PT and establishing maximum daily balance limits calculated as double their maximum debit transfer values. Eligible central counterparties are authorized to access intraday credit and a specific CCP credit facility without prior ECB Council approval. The regulation also introduces the 'one leg out' payment functionality in TIPS and imposes daily fines of 1,000 EUR plus 0.03% of excess balances for non-compliance with balance limits.
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