Regulatory Alerts2023-04-27
Added · Updated
Instruction No. 9/2023
The Bank of Portugal amends Instruction No. 19/2012 to update payment information reporting requirements, introducing new submission deadlines: monthly data must be reported by the 20th of the following month for entities in section 2.1 and by the 10th for those in section 2.2, while daily data must be submitted by the next business day. Reporting is now mandatory via the BPnet electronic system, and interlocutor contact details must be managed through the BPnet portal. The instruction also establishes a revision policy for previously reported data and mandates that all communications be in Portuguese or English.
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