Notice No. 1/2006

Notices of the Bank of Portugal
Notice No. 1/2006
Considering the need to establish with greater precision which values of asset elements should be taken into consideration for the determination of large exposures of institutions subject to the supervision of the Bank of Portugal; The Bank of Portugal, in the exercise of the competence conferred upon it by Article 99 and by paragraph 1 of Article 196 of the General Regime of Credit Institutions and Financial Companies, determines the following:

1. Paragraph 11 of Notice No. 10/94 of the Bank of Portugal, published in Diário da República, 2nd series, of 18 November 1994, is amended as follows:
   «11. Without prejudice to the provisions of the following paragraphs, asset and off-balance sheet items (within the meaning of Notice No. 1/93 of the Bank of Portugal) must be considered, for the purposes of this notice, at the following values:
   a) Asset items, at their net book value on the balance sheet, considering, where applicable, the adjustments provided for in paragraph 2-B of Part I of the annex to Notice No. 1/93; b) ... c) ... d) ...»
2. This Notice enters into force on the day following the date of its publication.
   Lisbon, 24 March 2006. - The Governor, Vítor Constâncio.