Regulatory Alerts2022-02-28
Added · Updated
Instruction No. 4/2022
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.
Topics
Share