Notice No. 4/2023

Notice No. 4/2023
Published in: Official Gazette, 2nd Series, Part E, No. 63, of 29-03-2023 Mod. 99999939/T – 01/14

Index
Text of the Notice
Text of the Notice

On June 2, 2020, the European Banking Authority (EBA) published the "Guidelines on reporting and disclosure of information on exposures subject to measures applied in response to the COVID-19 crisis" (EBA/GL/2020/07) (hereinafter "Guidelines"), applicable from June 2, 2020.

In order to comply with the aforementioned Guidelines, the Banco de Portugal issued Instruction No. 19/2020 on July 10, 2020.

Subsequently, on December 16, 2022, the EBA issued a statement disclosing the closure report on measures applied in response to the COVID-19 crisis and revoking the Guidelines with effect from January 1, 2023.

With a view to following the EBA's decision and reducing regulatory burdens for supervised entities, it is considered appropriate to revoke Instruction No. 19/2020.

In this context, the Banco de Portugal, using the competence attributed to it by Article 17 of its Organic Law, approved by Law No. 5/98 of January 31, and by the combined provisions of paragraph 1 and paragraph 2 of Article 120 of the General Regime of Credit Institutions and Financial Companies, approved by Decree-Law No. 298/92 of December 31, in its current wording, approves the following Notice:

Article 1.
Object
This Notice revokes the Banco de Portugal Instruction No. 19/2020, published on July 10, 2020, which regulates the duty to report and disclose information on exposures subject to measures applied in response to the COVID-19 crisis.

Article 2.
Entry into force
This Notice enters into force the day following its publication.

March 21, 2023. - The Governor, Mário Centeno.

Notice No. 4/2023
Mod. 99999939/T – 01/14