On the 26th June 2019, Law #13,448/2019 was enacted that deals
with the management, organization, decisionmaking process and
social control of regulatory agencies. Back in the late 1990s,
Brazil adopted the political decision to create independent
regulatory agencies for several economic segments, such as
(acronyms in parentheses): telecommunications (ANATEL), energy
(ANEEL), private health plans (ANS) and civil aviation
(ANAC).
The main objective of this new law is to enhance the
independence and transparency of the regulatory agencies, as well
the effi ciency of their respective processes and the technical
quality of their decisions.
This is another step toward the goal of providing investors with
more certainty in their investments in Brazil in industries related
to these agencies and also providing more certainty to consumers of
services rendered by companies whose economic activities are
regulated by the agencies.
