Regulatory AlertsAdded · Updated
Notice No. 5/2025
Notice No. 5/2025 establishes the legal framework for entities operating retail payment systems in Portugal to notify the Bank of Portugal of the start, alteration, or cessation of their activities, with a minimum 30-day advance notice required. It mandates the reporting of severe operational or security incidents and the submission of statistical data on payment operations and services. The regulation also imposes obligations to provide additional information for oversight purposes and details data protection rights for the entities submitting such information.