The Brazilian Pension Funds Authority (PREVIC) issued an ordinance establishing the operational procedures that govern how its Commission for Monitoring Relevant Legal Actions receives, processes, analyses, discusses and deliberates matters related to lawsuits that could affect the closed supplementary pension sector. The procedures apply to issues raised internally within PREVIC, including requests from its Directorates or the legal function, as well as matters submitted by the representative associations that sit on the commission, namely the Brazilian Association of Closed Supplementary Pension Entities (Abrapp), the National Association of Pension Fund Participants and Self-Managed Health Plan Beneficiaries (Anapar) and the Association of Pension Funds and Private Sector Sponsors (APEP). They also cover submissions from pension entities or third parties reporting situations that could create high litigation risk or systemic risk for sector stability. The commission is consultative and advisory, with non-binding deliberations, a quadripartite composition including PREVIC and the three associations, and members serving without remuneration.

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