Public Consultation on the Credit Servicing and Transfer Regime

The Bank of Portugal has launched a public consultation, open until 29 October 2025, on a draft notice intended to implement various regulatory aspects of the Credit Servicing and Transfer Regime (RCGCB), approved by Decree-Law no. 103/2025, of 11 September. The draft seeks to clarify, in particular, the requirements and procedures for the authorisation of credit servicers, including the information and documentation to be submitted with the authorisation request, the elements to be included in both the public and internal registers, as well as the rules for their update, the information required for the cross-border provision of services within the European Union, and the rules applicable to the subcontracting of credit servicing activities. The draft also incorporates the relevant guidelines issued by the European Banking Authority (EBA).

Stakeholders are invited to submit their contributions via the designated email address, using the template made available for this purpose. This initiative forms part of the regulatory implementation process of the new regime and aims to contribute to the establishment of a structured regulatory framework, aligned not only with the applicable European guidelines, but also with the practices and expectations of key market participants.

Click here to access the instructions for participation on the public consultation.

For more information, please contact us via email at rvr@ccsllegal.com.

[Photo by: Towfiqu Barbhuiya, available at unsplash.com]