The Brazilian Pension Funds Authority (PREVIC) has approved its 2026–2027 Regulatory Agenda, setting out the authority’s priorities for future rulemaking and related initiatives to increase predictability and transparency for the complementary pension sector. The agenda contains 17 actions, including eight that require coordination with the Legislature, the Casa Civil, the National Monetary Council and the National Council for Complementary Pension Plans. Key items include a planned legislative amendment to the law that established PREVIC to improve the authority’s supervision and governance structure, continued work to update the sanctions regime under Decree 4,942/2003, and a proposal on actuarial parameters covering result calculation, surplus allocation and deficit equalisation that has been sent to the National Council for Complementary Pension Plans and depends on a decision on amending CNPC Resolution 30/2018. PREVIC also plans proposals to amend rules on the investment of guarantee assets under National Monetary Council Resolution 4,994/2022 and on certification, authorisation and qualification processes for closed pension funds under CNPC Resolution 39/2021, alongside further complementary norms under PREVIC Resolution 23 and a dedicated ordinance to guide closed pension funds on investments and ESG aspects. The revised sanctions regime text is with the Casa Civil for presidential signature, while the actuarial parameters package awaits the regulator’s decision on changes to CNPC Resolution 30/2018.

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