Instruction No. 4/2025

Bank of Portugal amends Instruction No. 18/2020 to update reporting deadlines, shifting the reference date for annual self-assessment reports to September 30 and the submission deadline to November 15. The instruction introduces new reporting obligations for the designation of statutory auditors and for credit institutions waiving the presumption of indirect credit granting, both requiring 30 days' prior notice. It also updates risk categories, deficiency classification methodologies, and reporting formats for employees with material impact on risk profiles.

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Instruction No. 4/2025
BO No. 3/2025 Supplement • 2025/03/20
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Topics
Supervision :: Internal Control
Mod. 99999911/T – 01/14
Index
Text of the Instruction
[heading of previous Article 13]
[heading of previous Article 14]
Annex I - Amendment to Annex I to Instruction No. 18/2020 on risk categories
RISK CATEGORIES
Annex II - Amendment to Annex II to Instruction No. 18/2020 on the deficiency classification methodology
Annex III - Amendment to Annex III to Instruction No. 18/2020 on deficiency reporting
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
Annex V - Republication of Instruction No. 18/2020 (as referred to in Article 5)
Annex I - Risk categories
Annex II - Deficiency classification methodology
Annex III - Deficiency reporting
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
Text of the Instruction
Subject: Amending Instruction No. 18/2020, regarding reporting duties concerning conduct and organizational culture and governance and internal control systems

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

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