Instruction No. 14/2024

The Banco de Portugal expands the scope of the reporting obligation for payment service providers to include commission information for additional banking services not previously covered, such as basic accounts, package accounts, and specific card and transfer services. The instruction mandates that institutions report the maximum applicable commission for each service, including taxes, and specifies reporting requirements for annual values, periodicity, and representative products based on subscription numbers. It also defines commercial channels for identifying commissions and establishes precise calculation methods for cash advances, cheque requests, and transfers to ensure standardized data for the public Commission Comparator.

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Instruction No. 14/2024

BO No. 10/2024 Supplement • 2024/10/17
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Topics

Supervision :: Behavioral Supervision
Mod. 99999911/T – 01/14

Index

Text of the Instruction
Commission Comparator – Communication Model with entities subject to reporting

Text of the Instruction

Subject: Provision of information on commissions to be disclosed in the Commission Comparator

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Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: Banco de Portugal — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works