Santos Bevilaqua Newsletter – April 2019

Author:Santos Bevilaqua Advogados
Profession:Santos Bevilaqua Advogados
 
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INSURANCE AND OPEN SUPPLEMENTARY SOCIAL SECURITY

1) DECREE OF 4/3/2019

Published on 4/4/2019 in the Federal Official Journal, this Decree appointed RAFAEL PEREIRA SCHERRE as Conduct Supervision Director of the Private Insurance Superintendence - SUSEP.

To access the decree, click here.

2)MINISTRY OF ECONOMY ADMINISTRATIVE RULE No. 184, OF 4/23/2019

Published on 4/24/2019 in the Federal Official Journal, Ministry of Economy Administrative Rule nº 184, of 4/23/2019, appoints the Special Treasury Secretary (currently the position is held by Mr. WALDERY RODRIGUES JUNIOR) to represent the Ministry of Economy before the National Council of Private Insurance - CNSP.

To access this Administrative Rule, which took effect on the date of its publication, click here.

3) OFFICE OF THE PRESIDENT'S CHIEF OF STAFF ADMINISTRATIVE RULE No. 1598, OF 4/22/2019

Published on 4/23/2019 in the Federal Official Journal, the Office of the President's Chief Staff Administrative Rule nº 1598 appoints IGOR LINS DA ROCHA LOURENÇO as Attorney-General of the Federal Prosecution Office before SUSEP.

To access the administrative rule, click here.

4) ELECTRONIC CIRCULAR LETTER No. 2/2019 issued by the Private Insurance Superintendence - SUSEP/Solvency Supervision Board - DISOL/Prudential Monitoring Coordination Office - CGMOP

This Electronic Circular Letter, published on 4/9/2019, establishes the procedures to be followed by the supervised entities in regard to the periodical replacement of the members responsible for independent accounting audits (Art. 128, of CNSP Resolution nº 321/15) and the acceptance of investments held in custody or booked abroad as guarantee assets (§§ 3 and 4 of Art. 11 of National Monetary Council - CMN Resolution no. 4444/15).

In the case of investments abroad, the custodians are now required to submit documents to SUSEP undertaking to permit the disposition of assets only if authorized by SUSEP. This may impair or even make unfeasible some investments abroad to the extent that this procedure may not be possible by reason of the governance of the custodians.

To access the circular letter, click here.

5) SUSEP STATEMENT No. 220, OF 4/25/2019

On 4/29/2019, the Federal Official Journal published SUSEP Statement nº 220, of 4/25/2019, which extinguishes the Commissions, Committees, and Work Groups instituted by a SUSEP's Statement. The statement came into effect on the date of its publication.

It is a consequence of Decree nº 9759, of 4/11/2019...

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