Legislation

Organization and Statutes of the IGCP

• Decree-Law No. 200/2012, of 27 de August (subsequently amended by  Rectification Statement No. 56/2012 of 3 October), which created the Treasury and Public Debt Management Agency - IGCP, E.P.E., and approved its statutes.

Public Debt

• Law No 7/98, of  3 February (consolidated version with the provisions of article 81 of Law No. 87-B/98, of December 31), which approved the general regime for the issuance and management of public debt.

State Treasury

• Decree-Law No. 191/99, of 5 de June (consolidated version with Law No. 3-B/2000, of April 4, and Law No. 107-B/2003, of December 31).

• Ministerial Order No. 156/2024/1, of 28 May, which approved the Regulation of the Single Collection Document.

• Ministerial Order No. 994/99, of 5 November, which approved the regulations regarding the registration of public funds movement operations.

• Notice No. 29181/2024/2, of  27 December, regarding the default interest rate applicable to debts to the State and other public entities for 2025

• Notice No. 678/2024, of 12 January, regarding the default interest rate applicable to debts to the State and other public entities for 2024.

• Notice No. 904/2025/2, of 6 January, indicating the release dates of monthly amounts for salaries and subsidies from the Central State Treasury to various ministries for the economic year 2025.

• Notice No. 15176/2024/2, of 23 July, regarding the monthly release dates for salaries and subsidies of ministries for the economic year 2024.

   

Money laundering and financing of terrorism

• Law No. 83/2017, of 18 de August, (consolidated version that establishes measures to combat money laundering and the financing of terrorism, partially transposes Directives 2015/849/EU of the European Parliament and of the Council, of May 20, 2015, and 2016/2258/EU of the Council, of December 6, 2016, amends the Penal Code and the Industrial Property Code, and repeals Law No. 25/2008, of June 5, and Decree-Law No. 125/2008, of July 21.)

• Resolution of the Council of Ministers No. 69/2022, of 9 de August, which approves the National Strategy for the Prevention and Combat of Money Laundering, Financing of Terrorism, and Financing of the Proliferation of Weapons of Mass Destruction.

• Law No. 97/2017, of 23 August, which regulates the application and execution of restrictive measures approved by the United Nations or the European Union and establishes the sanctioning regime applicable to violations of these measures.

• Decree-Law N0. 109-E/2021, of 9 December, which created the National Anti-Corruption Mechanism and establishes the general regime for the prevention of corruption.

• Resolution of the Council of Ministers No. 37/2021 of 6 April, which approved the National Anti-Corruption Strategy 2020-2024.

Treasury Bills

• Decree-Law No. 279/98,  17 of Setember/Consolidated version (subsequently amended by Decree-Law No. 91/2003,  30 of April, by Decree-Law No. 40/2012,  20 of February and by Decree-Law No. 261/2012, 17 of December), which approved the legal regime of Treasury Bills.

• Instruction No. 2/2024 of 8 February , regarding the issuance of Treasury Bills and Status of Market Operators.

   

Treasury Bonds

• Decree-Law No. 280/98 of 17 September, which approved the legal regime of Treasury Bonds.

• Instruction No. 3/2024 of 8 February, (Collective Action Clauses/CAC - Supplemental Provisions and Common Terms of Reference), regarding the issuance of Treasury Bonds and Status of Market Operators.

   

Variable Yield Treasury Bonds (OTRV)

• Resolution of the Council of Ministers No. 86/2015, of 2 October (subsequently amended by Rectification Statement No. 45/2015, of 13 October, which approved the legal regime of Variable Yield Treasury Bonds, under the terms of Resolution of the Council of Ministers No. 3/2015, of 12 January, which establishes the conditions under which the issuance of new Treasury bonds with a variable interest rate is permitted.

• Instruction No. 1-A/2015 IGCP, of 21 October, regarding the issuance of Variable Yield Treasury Bonds.

Savings Certificates

• Decree-Law No. 122/2002, of 4 May (consolidated version with the amendments introduced by Decree-Law No. 47/2008, of March 13, and Decree-Law No. 79/2024 of October 30), which approved the legal regime of savings certificates.

• Instruction No. 1/2023  IGCP, E.P.E., of 18 August, which defined the procedures regarding the opening and operation of savings accounts and the transmission of savings products.

•  Instruction n.º 1/2024   IGCP, E.P.E., of  6 February, referring to the amounts to be charged to interested parties for administrative procedures related to the issuance, subscription, transmission, and refund of retail debt securities.

• Instruction No. 4/2024, of November 28, which defines the procedures required to initiate the process of eliminating the role of the handler for series A, B, C, and D of the savings certificates

Savings Certificates - Series A

• Decree No. 43454, of 30 December of 1960 (consolidated version with the amendments introduced by Decree-Law No. 122/2002, of May 4, by Decree-Law No. 47/2008, of March 13, and by Decree-Law No. 79/2024, of October 30).

• Ministerial Order No. 73-B/2008, of  23 January, which approves the base interest rate for Series A and B savings certificates.

Savings Certificates - Series B

• Decree-law No. 172-B/86, of 30 June (consolidated version with the amendments introduced by Rectification Declaration No. 174/1986, of July 31, and Decree-Law No. 122/2002, of May 4, Decree-Law No. 47/2008, of March 13, and Decree-Law No. 79/2024, of October 30).

• Ministerial Order No. 73-B/2008, of 23 January, which approves the base interest rate for Series A and B savings certificates.

Savings Certificates - Series C

• Ministerial Order No. 73-A/2008, of 23 dJanuary (subsequently amended by Rectification Statement No. 1-D/2008, of 25 January and amended by Ministerial Order No. 230-A/2009, of 27 February and Ministerial Order No. 268-D/2012, of 31 August), which approved the legal regime of savings certificates, Series C.

Savings Certificates - Series D

• Ministerial Order No. 17-B/2015, of 30 January, which approved the legal regime of savings certificates, Series D.

Savings Certificates - Series E

• Ministerial Order No. 329-A/2017, of 30 October which approved the legal regime of savings certificates, Series E.

Savings Certificates - Series F

• Ministerial Order No. 149-A/2023, of 2 June (subsequently amended by Order No. 11797/2024, of 7 October) which approves the legal regime of savings certificates, Series F.

Treasury Certificates

• Resolution of the Council of Ministers No. 40/2010, of 11 June, which approved the legal regime of Treasury Certificates.

• Instruction No. 2-A/2012, of 31 August, which determined the suspension of subscriptions for Treasury Certificates.

• Instruction No. 2-A/2011, of 30 March.

• Instruction No. 2-B/2011, of 27 April.

• Instruction No. 1/2024  IGCP, of 6 February, referring to the amounts to be charged to interested parties for administrative procedures related to the issuance, subscription, transmission, and refund of retail debt securities.

Treasury Certificates Savings Plus

• Resolution of the Council of Ministers No. 62/2013, of 10 October (subsequently amended by Order No. 1036-C/2015, of January 30), which approved the legal regime of Treasury Certificates Savings Plus (CTPM).

• Resolution of the Council of Ministers No. 157-D/2017, of 27 October, which determined the suspension of subscriptions for Treasury Certificates Savings Plus (CTPM).

• Instruction No. 1/2024 IGCP, of 6 February, referring to the amounts to be charged to interested parties for administrative procedures related to the issuance, subscription, transmission, and refund of retail debt securities.

Treasury Certificates Savings Growth

• Resolution of the Council of Ministers No. 157-D/2017, of 27 October, which approved the legal regime of Treasury Certificates Savings Growth (CTPC).

• Instruction No. 1/2024  IGCP, of 6 February, referring to the amounts to be charged to interested parties for administrative procedures related to the issuance, subscription, transmission, and refund of retail debt securities.

Treasury Certificates Savings Value

• Resolution of the Council of Ministers No. 131-B/2021, of 10 September, which approved the legal regime of Treasury Certificates Savings Value (CTPV).

• Instruction No. 1/2024 IGCP, of 6 February, referring to the amounts to be charged to interested parties for administrative procedures related to the issuance, subscription, transmission, and refund of retail debt securities.

Legal Regime

• Decree-Law No. 133/2013, of 3 October, (consolidated version, which approved the legal regime of the public business sector).

Special short-term debt certificates (CEDIC)

• Resolução do Conselho de Ministros n.º 111/2009, de 25 de novembro, which approved the regime of Special Short-Term Debt Certificates (CEDIC).

• Instrução n.º 2/2010, de 25 de janeiro.

Special medium and long-term debt certificates (CEDIM)

• Resolution of the Council of Ministers No. 14/2011, of 21 February, which approved the regime of Special Medium and Long-Term Debt Certificates (CEDIM).

• Instruction N.º 2/2011, of  11 March.