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CNSP approves regulation on remuneration policy for supervised entities

News Financial services Law & Policy Updates
Date: 27th Dec, 2024 Source: Superintendence of Private Insurance (Superintendência de Seguros Privados – SUSEP) Country: Brazil Original Source

Brief

"On December 27, 2024, the Superintendence of Private Insurance (Superintendência de Seguros Privados – SUSEP) issued an update regarding CNSP approves regulation on remuneration policy for supervised entities. This new regulation aims to ensure consistency with the Financial Stability Board's (FSB) principles and aligns with international standards, specifically the Insurance Core Principle (ICP) nº 7 of the International Association of Insurance Supervisors (IAIS), which addresses corporate governance and remuneration policies."

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Superintendence of Private Insurance (Superintendência de Seguros Privados – SUSEP)

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