Regulatory Alerts2025-03-20
Added · Updated
Notice No. 2/2025
This Notice amends Notice No. 3/2020 to allow supervised entities to adopt collaborative solutions and permanent outsourcing for internal control operational tasks, and to combine risk management and compliance functions under specific conditions. It mandates annual training plans for administrative and supervisory board members focused on emerging risks, redefines deficiencies to include non-compliances, and permits aggregated prior approvals for related-party transactions. The document also updates reporting deadlines for organizational culture self-assessment reports to September 30 and November 15, simplifies reporting obligations for financial groups, and revokes Instructions Nos. 17/2011 and 28/2007.
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