Industry News
CMN Updates Alternatives Investment Regulation for Brazilian Pension Funds (em português)
1 June 2018
Brazil’s National Monetary Council (CMN) has updated the alternatives investment regulation for pension funds. The CNM decreased pension funds’ investment limit in private capital vehicles from 20% to 15% of assets under management, and vetoed any new direct investment in real estate assets.
(Valor Econômico) O Conselho Monetário Nacional (CMN) atualizou a norma que trata dos investimentos dos fundos de pensão fechados. A mudança, antecipada na semana passada pelo Valor, reforça a governança das fundações, responsabiliza gestores, estabelece políticas de investimento em empresas do mesmo grupo econômico, reduz de 20% para 15% o limite para aplicação em …read more at Valor Econômico.
LAVCA Resources:
📝ACCESS RESOLUTION NO. 4,661, DATED OF MAY 25, 2018 (English)
📝ACCESS SUMMARY FROM LAVCA LEGAL COMMITTEE MEMBER VEIRANO ADVOGADOS (English)
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