Brazilian Pension Funds Authority mandates new licensing form for closed pension fund executives and council members from 1 March 2026

The Brazilian Pension Funds Authority (PREVIC) has published a new mandatory application form for the authorisation of senior office-holders at closed complementary pension entities (EFPC), consolidating requests for members of the Executive Board, the Deliberative Council and the Fiscal Council into a single document. The new template must be used for authorisation requests filed from 1 March 2026. The revised form follows the European Central Bank’s management authorisation request model, adapted for Brazil, and is intended to increase the transparency and information available for PREVIC’s licensing assessments. It requires disclosure of the expected date the appointee will take up the role, evidence that the request was submitted on time (or a justification where it was not), any prior authorisation certificates, and professional experience with emphasis on EFPC-specific experience where applicable. It also introduces questionnaires for both the candidate and the EFPC covering any involvement in administrative disciplinary proceedings, judicial proceedings, criminal investigations, money laundering and terrorist financing matters, and potential conflicts of interest within the entity. PREVIC linked the change to updates to PREVIC Resolution 23/2023 following the issuance of PREVIC Resolution 26/2025, and has made the new form available on its website.