New Regulation on Loan Assets Alternative Investment Funds

The Portuguese investment services regulator (CMVM) enacted the Regulation 5/2020, on loan assets alternative investment funds, the so-called “OIAE de créditos” (Loan Funds ), in complement to the legal regime applicable (among others) to this type of vehicles, which is set out in Law nr. 18/2015, of 4 March (the CMVM Regulation and Law 18/2015).

This Newsletter presents a summary of the CMVM Regulation, in relation to Loan Funds, also taking into consideration the legal regime set out in the Law 18/2015.