Lack of clear regulatory guidelines for overseas investments of pension funds in Brazil
Trade barrier summary
Brazil’s pension funds regulator, Previc, agreed to develop a best practice guideline to support complex investments based on CMN Resolution 4661/2018. This guideline included environmental, social, and corporate governance and overseas investments perspectives. It has reduced the risk, uncertainty and complexity for overseas investments of pension funds, which was discouraging both local and UK financial services operators to do more business in the market.
Sectors affected
- Financial and professional services
Resolved
Yes - April 2019
Date reported
27 January 2019
Last updated
26 November 2021
Public ID
PID-GXR3JG
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