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      10 The Portugal News • 1 Aug 2020                                  News



      Bank commission slashed by government                                                                            Sardine fishing

                                                                                                                       extended
      Parliament has approved the end of several banking commissions including on MB Way, on the
      termination and renegotiation of credit and on new contracts.                                                    beyond July
                                                                                  end of bank fees “for certain low-value
                                                                                                                       Fishermen will continue to be
                                                                                                                       Fishermen will continue to be
                                                                                                                       Fishermen will continue to be
                                                                                                                       Fishermen will continue to be
                                                                                  transactions” was approved, with an  Fishermen will continue to be
                                                                                  “operating limit of €30, a monthly limit of  able to catch sardines after 1
                                                                                                                       able to catch sardines after 1
                                                                                                                       able to catch sardines after 1
                                                                                                                       able to catch sardines after 1
                                                                                                                       able to catch sardines after 1
                                                                                  €150 and up to 25 transfers per month”,  August, according to Diário da
                                                                                                                       August, according to Diário da
                                                                                                                       August, according to Diário da
                                                                                                                       August, according to Diário da
                                                                                                                       August, according to Diário da
                                                                                  which become free.
                                                                                                                       República, which raises the limit
                                                                                                                       República, which raises the limit
                                                                                                                       República, which raises the limit
                                                                                                                       República, which raises the limit
                                                                                  Above these transfers, a rate equal to that of  República, which raises the limit
                                                                                                                       of catches to 6,405 tonnes.
                                                                                  the European Commission’s transfer   of catches to 6,405 tonnes.
                                                                                                                       of catches to 6,405 tonnes.
                                                                                                                       of catches to 6,405 tonnes.
                                                                                                                       of catches to 6,405 tonnes.
                                                                                  regulation is applied, 0.2 percent for debit
                                                                                  cards and 0.3 percent for credit cards.  According to the diploma, signed by
                                                                                  According to the deputy “there was already a  the Secretary of State for Fisheries, José
                                                                                  principle that banks could charge    Apolinário, the limit of sardines caught
                                                                                  commissions for services provided but now  by the Portuguese fleet for the period
                                                                                  there is a limit of proportionality and  beginning on 1 August is 6,405 tonnes,
                                                                                  reasonableness in bank commissions”.  to be divided between the group of
                                                                                  “Banco de Portugal [BdP] will be able to  vessels whose owners are members of
                                                                                  supervise much better if commissions are  producer organisations (POs)
                                                                                  exceeding the limit of what is reasonable”.  recognised for sardines (6,308 tonnes)
                                                                                  In financial services, deputies also  and the group of vessels whose owners
                                                                                  decided that discriminatory prices cannot  are not members of POs recognised for
                                                                                  be applied for operations in identical  sardines (97 tonnes).
                                                                                  services, to ensure freedom of competition  Fishing for sardines had been
                                                                                  between payment applications, according  banned since 12 October and
                                                                                  to the deputy.                       reopened on 1 June.
                                                                                  According to Miguel Matos, it was also  According to the document, fishing
                                                                                  decided that the National Council of  is not allowed during the weekend and
      It is hoped that Banco de Portugal [BdP] will be able to supervise much better if
      It is hoped that Banco de Portugal [BdP] will be able to supervise much better if
      It is hoped that Banco de Portugal [BdP] will be able to supervise much better if
      It is hoped that Banco de Portugal [BdP] will be able to supervise much better if
      It is hoped that Banco de Portugal [BdP] will be able to supervise much better if  Financial Supervisors (CNSF), composed
      commissions are exceeding the limit of what is reasonable with the new rules.
      commissions are exceeding the limit of what is reasonable with the new rules.                                    on national holidays and starting on
      commissions are exceeding the limit of what is reasonable with the new rules.
      commissions are exceeding the limit of what is reasonable with the new rules.
      commissions are exceeding the limit of what is reasonable with the new rules.
                                                                                  of the Governor of Banco de Portugal  14 September, fishing for sardines on
             roposals to end commissions on  from PSD, CDS-PP and IL.             (BdP), the chairman of the Securities  Wednesdays will not be allowed.
             electronic platforms and       PS deputy Miguel Matos, the coordinator  Market Commission (CMVM) and the    According to the order, when the
             commissions on home loans to   of the Banking Commissions Working    chairman of the Supervisory Authority of  limit of 6,405 tonnes of sardines
      Pconsumers, were approved with        Group, told Lusa that “the end of a set of  Insurance and Pension Funds (ASF) must  caught is reached, a new order will be
      votes in favour from PS, BE, PCP, PAN,  commissions” was guaranteed after the  prepare a report on regulatory ‘sandbox’  published, prohibiting the fishing of
      PEV and non-MEPs Cristina Rodrigues   vote on legislative packages at the Budget  [regulated experimental spaces] for  sardines in zone 9 defined by
      and Joacine Katar Moreira registered,  and Finance Committee                ‘fintech’ [technological financial   International Council for the
      Chega abstained and votes against came  On MB Way, according to the deputy, the  companies].                     Exploration of the Sea.
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