Regulatory Alerts2024-03-15
Added · Updated
Notice No. 2/2024
Notice No. 2/2024 revokes and replaces Notice No. 3/2015 to establish procedures for the reporting, maintenance, and revision of recovery plans for credit institutions and investment firms supervised by the Bank of Portugal. It mandates annual submission by November 30, requires immediate notification of indicator breaches or activation of recovery measures, and defines simplified obligations for eligible entities. The notice also exempts associated agricultural credit unions from individual reporting while requiring the central body to report on behalf of the integrated system.
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