Regulatory Alerts2022-09-28
Added · Updated
Instruction No. 15/2022
Bank of Portugal Instruction No. 15/2022 partially amends Instruction No. 7/2021 to incorporate the updated European Central Bank (ECB) questionnaire for fitness and propriety assessments into the national legal framework. It mandates that institutions directly supervised by the ECB submit authorization requests for key management functions exclusively via the ECB's IMAS portal using the new online questionnaire, rendering previous submission methods invalid. The amendment updates data protection declarations and specifies language requirements for the questionnaire, while establishing a transitional regime where pending processes continue under the previous version.
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