Portugal
Decree Law 27/2023 of April 28 aims to simplify regulation of the asset management sector
Decree Law 27/2023 of April 28 aims to simplify regulation of the asset management sector and make it more proportional in order to boost competition and market development without adversely affecting investor protection.
The RAM enters into force on May 28 and the CMVM is expected to launch a public consultation on the draft RAM regulation in the next few days.
It also establishes transitory provisions for current entities, including a 180-day period for compulsory adaptation to the new RAM provisions.