The curated handbook for Portugal is in review. The obligation register below accounts for the retained units described in its scope statement.
16 retained records are accounted for within this scope. The default view shows only mapped obligations; use the disposition filter to inspect mapped, contextual, outside-scope and unresolved retained records. This register does not establish full-instrument or complete national coverage.
Lei 83/2017: complete financial-sector Chapter V and Annexes I–III, official 2020 republication
Assembleia da República / Diário da República
Official 2020 republication; later legal effect unverified
16 provisions accounted for · 16 independently reviewed
Independent public-use rights review pending.
Lei 83/2017: complete financial-sector Chapter V and Annexes I–III, official 2020 republication
Assembleia da República / Diário da República
Official 2020 republication; later legal effect unverified
SourceIndependent public-use rights review pending.
Download register PDFDownload register CSV
10 provisions match this filter
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
Financial entities must apply the general preventive duties as well as the financial-sector modifications and their own sectoral rules. Chapter V is an additional layer, not a substitute for Chapter IV; this cross-reference does not itself reproduce those general duties or establish which regulator rules apply to a particular firm.
Financial entities must apply the general preventive duties as well as the financial-sector modifications and their own sectoral rules.
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
A financial entity applying the third-country group rules in Article 22(4) and (7) must also follow the specified EU delegated-regulation procedures. The additional measures and authority communications must meet Articles 3–8 of that regulation, while other risk-appropriate safeguards and sectoral requirements remain possible. This article does not supply the external procedures or permit ignoring local-law obstacles.
A financial entity applying the third-country group rules in Article 22(4) and (7) must also follow the specified EU delegated-regulation procedures.
Report
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
A financial entity cannot confine its preventive-duty controls to customer business: own-account deals and dealings for noncustomer third parties are covered on the terms and extent set by sectoral rules. Intragroup transactions outside a customer relationship are expressly included. The article does not fix all procedural detail independently of that regulation.
A financial entity cannot confine its preventive-duty controls to customer business: own-account deals and dealings for noncustomer third parties are covered on the terms and extent set by sectoral rules.
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
Financial entities must not offer or maintain anonymous accounts, passbooks or safe-deposit boxes, or use fictitious names. Anonymous electronic-money payments and prepaid instruments are also prohibited, but paragraph 2 expressly allows a contrary sectoral rule to the extent it provides. That qualification must not be borrowed to create an anonymous-account exception under paragraph 1.
Financial entities must not offer or maintain anonymous accounts, passbooks or safe-deposit boxes, or use fictitious names.
Prohibited action
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
If a financial entity opens an account using the deferred-verification possibilities in Articles 26(3) and 32(5), it must keep transactions, payment instruments and ownership changes blocked until both customer and beneficial-owner identity checks are complete under the applicable rules. Opening an account is not permission to let it operate while verification remains outstanding.
If a financial entity opens an account using the deferred-verification possibilities in Articles 26(3) and 32(5), it must keep transactions, payment instruments and ownership changes blocked until both customer and beneficial-owner identity checks are complete under the applicable rules.
Prohibited action Verify
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
A financial entity must reject direct shell-bank correspondence and take steps to avoid indirect access through a financial counterparty known to let shell banks use its accounts. Discovery of an existing relationship of either kind triggers termination and immediate notification of the sectoral authority. This is not a prohibition on every foreign bank, and the indirect case depends on the specified knowledge.
A financial entity must reject direct shell-bank correspondence and take steps to avoid indirect access through a financial counterparty known to let shell banks use its accounts.
Prohibited action Report
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
The SICAM credit banks must organise their preventive controls with Caixa Central and supply it the necessary information despite secrecy duties. Sectoral rules may let Caixa Central perform some or all duties on their behalf and determine whether liability is exclusive or shared. An ordinary bank outside SICAM cannot use this provision as a general outsourcing or liability-transfer permission.
The SICAM credit banks must organise their preventive controls with Caixa Central and supply it the necessary information despite secrecy duties.
Collect information
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
For life insurance, financial entities collect named-beneficiary details or enough category-based information as soon as the beneficiary is identified or designated; identity verification is due by payout. If an obliged entity learns of an assignment, it must identify and verify the beneficial owners at assignment to the assignee receiving the value for their own benefit. These are life-insurance controls, not a rule that all investment customers can wait until payout for verification.
For life insurance, financial entities collect named-beneficiary details or enough category-based information as soon as the beneficiary is identified or designated; identity verification is due by payout.
Collect information Verify
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
Life-insurance entities must treat the beneficiary as a risk factor, enhance checks for higher-risk legal-person or arrangement beneficiaries, and make reasonable PEP checks by payout or assignment. A PEP finding combined with higher risk triggers senior-management information before capital payment and enhanced scrutiny of the policyholder relationship for reportable transactions. The text says inform management, not obtain its approval, and does not make every PEP finding alone sufficient for paragraph (d).
Life-insurance entities must treat the beneficiary as a risk factor, enhance checks for higher-risk legal-person or arrangement beneficiaries, and make reasonable PEP checks by payout or assignment.
Assess Verify
Original wording is not reproduced. Read the official source. This view contains RegCanary's reviewed analysis, not a copy of the source text.
The full translation is not reproduced. The plain-English explanation below is analysis, not a translation of the original wording.
An EU-headquartered payment or electronic-money institution using Portuguese agents or distributors must ensure their full preventive-duty compliance, check fitness/reputation, train them and keep an updated list available immediately on request. Central-contact-point appointment is conditional: quantitative EU criteria or Banco de Portugal notifications can trigger immediate appointment, followed by identification/contact notification within 30 days. Loss of quantitative criteria must be reported and removal can be opposed within 30 days. Mandatory functions start on appointment; extra reporting functions require the risk-based supervisory determination and notified deadline. This is not an automatic contact-point requirement for every foreign firm or every branch.
An EU-headquartered payment or electronic-money institution using Portuguese agents or distributors must ensure their full preventive-duty compliance, check fitness/reputation, train them and keep an updated list available immediately on request.
Verify Train staff Appoint a role Report Retain records