Regulatory Alerts2025-10-28 | 51/5Added · Updated
Decision No. 51/5 regarding Preliminary Request No. 1 against CNPF Letter No. 05-5/3656
The National Financial Market Commission issued Decision No. 51/5 on October 28, 2025, rejecting a preliminary administrative request filed by an individual against a CNPF letter dated September 11, 2025. The Commission determined that the contested letter constituted an administrative operation rather than an individual administrative act, thereby lacking direct legal effects and not infringing upon the petitioner's rights. Consequently, the CNPF affirmed that Law No. 106/2022 does not apply retroactively to insurance policies issued before its entry into force, and clarified that it lacks the authority to issue official legal interpretations of statutes.
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