News News Flash - Draft Regulatory Norm referring to situations of conflict of interest within the scope of pension fund management 05/05/2020

The ASF placed a draft regulatory standard in Public Consultation through which the terms and conditions will be defined under which operations that may involve a potential conflict of interests may be carried out, and which will revoke Standard No. 169/1992, of 3 December - see Public Consultation No. 3/2020.

This regulatory standard follows the changes made by Law No. 147/2015 to Decree-Law No. 12/2006, which referred to the ASF Regulatory Standard the terms and conditions to be observed in situations that signify exceptions to the principle general prohibition on the purchase and sale of assets of a fund by the management entity, the members of its governing bodies and the companies with which the management entities are in a controlling or group relationship.

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