The Brazilian Superintendence of Private Insurance (SUSEP) has extended the response deadlines for two consultations on capitalization bond regulation, citing the breadth and technical complexity of the proposed changes. The consultations opened in September 2026 and address a review included in the authority's 2026 regulatory plan.

Consultation No. 8/2026 proposes replacing SUSEP Circular No. 656/2022 with rules covering product design and operations, as well as distribution and marketing. Consultation No. 9/2026 proposes amendments to National Council of Private Insurance (CNSP) Resolution No. 384/2020, which governs capitalization operations, their categories and the main characteristics of capitalization bonds.

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