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04 September 2018
A number of amendments were recently made to the Insurance Supervision Act, approved by Law 147/2015 of 9 September 2015, in the context of transposing the EU Markets in Financial Instruments Directive (2014/65/EU) (MiFID II) into Portuguese law via Law 35/2018 of 20 July 2018 (which entered into force on 1 August 2018).
The main amendments to the Insurance Supervision Act are as follows:
Law 35/2018 also amended and revoked several articles of the Pension Funds Act, approved by Decree-Law 12/2006 of 20 January 2006.
For further information on this topic please contact Nuno Sobreira at Morais Leitão Galvão Teles Soares da Silva & Associados by telephone (+351 21 381 74 00) or email (firstname.lastname@example.org). The Morais Leitão Galvão Teles Soares da Silva & Associados website can be accessed at www.mlgts.pt.
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