POR CB ECB Guidelines Implementation

Published on: Apr 24, 2025

On Apr. 16, POR CB started procedure to implement ECB guidelines.

  • POR CB started procedure to implement ECB guidelines ECB/2024/22, ECB/2024/37.
  • Follows ECB Dec. 2024 published final guidelines ECB/2024/22, ECB/2024/23, ECB/2024/36, ECB/2024/37 in the European Union Official Journal, see #108821.
  • Overview
  • Three instructions to be amended: Ins 3/2015 on implementation of monetary policy.
  • Instruction 7/2012 establishing temporary measures concerning eligibility criteria of collateral for Eurosystem credit operations.
  • Instruction 2/2016 regulating tender system for Eurosystem's open market operations.
  • Procedure is initiated in compliance with art 98 of Code of Administrative Procedure.
  • Without prejudice to legal possibility of establishing interested parties, POR CB states it is bound to implement the guidelines and has no discretion to define material content.
  • Constitution of Interested Parties
  • Any interested parties in the amendment procedure must send a message to email address provided, deadline for interested parties to submit proposals ends on May 5.
  • Any questions regarding this procedure should be submitted to same email address.
  • Interested parties who register as such will be provided with the instruction drafts, on which they may submit contributions through the means to be indicated.
  • Effectiveness
  • Emails to be sent by May 5, 2025.
Regulators
POR CB
Entity Types
B/D; Bank; Depo; SIFI
Reference
CP, PR, 4/16/2025; Gd ECB/2024/22, ECB/2024/37
Functions
Compliance; Financial; Operations; Reporting; Risk; Settlement; Technology; Treasury
Countries
Portugal
Category
State
N/A
Products
Banking; Clearing; Corporate; Custody; Deposits; Securities
Rule Type
Proposed
Regions
EMEA
Rule Date
Apr 16, 2025
Effective Date
May 5, 2025
Rule ID
251704
Linked to
Reg. Last Update
Apr 16, 2025
Report Section
EU