RegAlert
2020-07-15

Added · Updated

Instruction No. 18/2020 on Reporting Duties Regarding Conduct, Organizational Culture, and Internal Governance and Control Systems

Instruction No. 18/2020 establishes reporting obligations for credit institutions and financial companies subject to Bank of Portugal Notice No. 3/2020, requiring the submission of annual self-assessment reports on organizational culture and internal control systems by November 15 each year. The regulation mandates specific content for these reports, including the classification and reporting of deficiencies using a defined methodology, details on employees with material impact on risk profiles, and reports on irregularity participation. It also sets deadlines for reporting these documents to the competent supervisory authority and specifies procedures for financial groups and entities within the Integrated Agricultural Credit System.

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Instruction No. 18/2020
BO No. 7/2020 • 2020/07/15
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Topics
Supervision :: Internal Control
Mod. 99999911/T – 01/14
Index
Text of the Instruction
Annex I - Risk Categories
Annex II - Methodology for Classifying Deficiencies
Annex III - Reporting of Deficiencies
I. Deficiencies classified at level F3 (high) and F4 (very high)
Annex IV - Reporting of the universe of employees who have a material impact on the institution's risk profile

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Lineage: Amended

General Regime of Credit Instit…1992Notice No. 3/20202020Notice No. 3 of 2020not in RegAlertInstruction No. 18/2020 onReporting Duties Regarding Co…2020-07-15 · this documentInstruction No. 1/20232023Instruction No. 1/20232023Instruction (Historical) No. 4/…2025Instruction No. 4/20252025Notice No. 2/20252025
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 3 times · last 2025-03-20

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

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