Regulatory Alerts2021-06-21
Added · Updated
Instruction No. 9/2021
The Bank of Portugal amends Instruction No. 5/2017 to align national supervisory reporting requirements with the European Banking Authority’s FINREP taxonomy version 3.0 and EU Regulation 2021/451. The update mandates that credit institutions, financial companies, payment institutions, and electronic money institutions report financial information, own funds, large exposures, and liquidity data using revised templates and specific model codes. It introduces additional reporting obligations for payment institutions and electronic money institutions authorized to grant credit, while removing obsolete frameworks and references to revoked legislation. These changes enter into force on June 30, 2021.
Topics
Share