Regulatory Alerts2022-01-01
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Notice No. 2/2022
Bank of Portugal Notice No. 2/2022 implements ECB Guidance (EU) 2022/508 and Recommendation ECB/2022/13 by amending Notice No. 10/2017 regarding less significant credit institutions. The update introduces new articles defining important stock indices for Level 2B assets, establishes stable funding factors for off-balance sheet exposures, and sets maturity determination methods for segregated assets. It also removes investment firms and certain economic banks from its scope and revokes previous articles. The notice entered into force the day after publication on November 15, 2022, and applies to reporting periods with reference dates after October 1, 2022.
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