Regulatory Alerts2021-01-01
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Notice No. 1/2021
The Banco de Portugal amends Notice No. 11/2014 to explicitly include Banco Português de Fomento, S.A. (BPF) within the scope of prudential requirements applicable to financial societies not subject to Regulation (EU) No. 575/2013. This change reflects the legal succession resulting from the merger of PME Investimentos, IFD, and SPGM into BPF, while simultaneously removing the reference to the defunct IFD. The amendment applies the same prudential regime previously applicable to the merged entities to BPF. The notice enters into force the day following its publication in the Official Journal.
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