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ARTICLE · 11 MAY 2018

Santos Bevilaqua Newsletter – April 2018

In general, the Plan is very good, with elements that may effectively mean an advancement of the Brazilian regulatory environment.

BrazilInsurance
Santos Bevilaqua Advogados
Santos Bevilaqua Advogados
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INSURANCE AND OPEN SUPPLEMENTARY SOCIAL SECURITY

1) PRIVATE INSURANCE SUPERINTENDENCE - SUSEP STATEMENT No. 206, OF 4/12/2018

Approves SUSEP Regulation Plan for 2018. According to the Statement, the actions provided in the Regulation Plan for 2017 and not yet performed are included in the Plan for 2018. The Statement revokes SUSEP Statements no. 184/2016 and no. 199/2017.

In general, the Plan is very good, with elements that may effectively mean an advancement of the Brazilian regulatory environment.

Among the measures provided in the regulation plan are:

  • establishment of new rules for the adoption of an action plan within the ambit of the prudential supervision, which is expected to make the replacement of penalties for action plans viable, as it happened in the past with the internal control rules.

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