The Brazilian Pension Funds Authority (PREVIC) issued procedural guidance to closed pension entities (Entidades Fechadas de Previdência Complementar, EFPC) on submitting the documentation needed to lodge applications to authorise interest rates outside the regulatory interval for the 2025 exercise, with a submission deadline of 31 August. The guidance requires EFPC to submit all required documents in full, in a single submission, within the deadline, signed by the competent responsible parties and in the requested format. Failure to meet these criteria may trigger additional information requests that delay the process or lead to the application being dismissed. PREVIC also provided a standard cover sheet template listing all mandatory documents and fields to indicate the requested interest rates, and stressed that the requested rate must exactly match the percentage approved by the relevant statutory bodies, with no applications accepted for rate ranges or rates conditional on a PREVIC-calculated reference rate. For each interest rate request, all documentation must be consolidated and filed under a single SEI case to support technical review and avoid delays caused by dispersed information. PREVIC indicated that EFPC should contact the authority if they have questions or did not receive the circular.

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