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CS' Legal Updates
11 may 2020

New Regulation on Loan Assets Alternative Investment Funds

André Fernandes Bento
André Fernandes Bento
Director de Área de Práctica
Francisco Albuquerque Reis
Francisco Albuquerque Reis
Asociado Sénior
New Regulation on Loan Assets Alternative Investment Funds
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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.