Regulatory Alerts2022-10-17
Added
Instruction No. 16/2022
The Bank of Portugal revokes Instruction No. 54/2012 and establishes the regulatory framework for TARGET-PT, the national component of the TARGET system, which replaces TARGET2 as of November 21, 2022. The instruction defines the types of accounts available for euro settlement, establishes a tripartite governance structure, and sets out operational rules including support services, participation conditions, and intraday credit provisions for participants in the Portuguese payment system.
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Topics
payments
monetary
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