Regulatory Alerts2022-08-04
Added
Instruction No. 13/2022
Instruction No. 13/2022 revokes Instruction No. 31/2005 and establishes new reporting requirements for securities portfolio statistics to the Bank of Portugal. It mandates granular investor-to-investor and security-to-security reporting for credit institutions and other title holders, while requiring aggregated and anonymized data for individual holders. Key changes include the introduction of Legal Entity Identifier (LEI) reporting for non-resident investors and securities without ISIN codes, the adoption of net book value as an additional valuation method, and the elimination of commission reporting. The instruction sets a monthly reporting deadline of the 11th working day for credit institutions and the 12th for other entities, with a simplified regime available for entities holding less than 500 million euros in total positions. These rules enter into force on February 1, 2023.
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