2022-02-28
Added · Updated
The Bank of Portugal revokes Instruction No. 18/97 and Instruction No. 14/2006, which previously required supervised entities to report employee and establishment data and information on companies within the supervisory consolidation perimeter. This repeal eliminates duplicative reporting obligations, as the relevant information is now harmonized and collected through COREP/FINREP templates applicable across all EU member states. The measure aims to simplify reporting and reduce administrative burdens for the affected entities. The instruction enters into force the day following its publication.
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Instruction No. 4/2022
BO No. 2/2022 2nd Supplement • 2022/02/28
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Topics
Supervision :: Prudential Standards
Mod. 99999940/T – 01/14
Index
Text of the Instruction
Text of the Instruction
Subject: Revocation of Bank of Portugal Instructions No. 18/97 and No. 14/2006
The Commission Implementing Regulation (EU) No 2021/451 of 17 December 2020, which establishes implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council as regards supervisory reporting of institutions and repeals Implementing Regulation (EU) No 680/2014 (COREP/FINREP), specifies most of the information reports considered relevant for prudential supervision, and has been incorporating and replacing various pre-existing reports.
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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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