Regulatory Alerts1992-04-27
Added
Notice No. 3/92 by the Bank of Portugal
The Bank of Portugal requires group purchasing management companies to ensure that the net value of fixed assets plus all securities (excluding public debt) does not exceed their own funds at any time. Non-compliant situations must be regularized within six months of the notice's publication, and Notice No. 7/89 is revoked. The notice enters into force 30 days after publication.
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