Regulatory Alerts1995-09-19
Added
Notice No. 8/95 of the Bank of Portugal
The Bank of Portugal sets the initial contribution amount for deposit guarantee funds at 10 million escudos, as required by Article 160 of the General Regime of Credit Institutions and Financial Companies. This notice establishes the specific monetary threshold for contributions and became effective on July 1, 1995.
Notices of the Bank of Portugal Notice No. 8/95
Having regard to the provisions of paragraph 1 of Article 160 of the General Regime of Credit Institutions and Financial Companies, approved by Decree-Law 298/92 of December 31, with the wording given by Decree-Law 246/95 of September 14, the Bank of Portugal, upon proposal of the executive committee of the Deposit Guarantee Fund, establishes the following:
1 - The value of the initial contribution provided for in paragraph 1 of Article 160 of the General Regime of Credit Institutions and Financial Companies is fixed at 10 million escudos.
2 - This notice shall take effect from July 1, 1995.
September 15, 1995. - The Minister of Finance, Eduardo de Almeida Catroga.
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