146-28 Decree-Law No. 178/2006

Summary

Decreto-Lei n.º 1578/2006 is a Portuguese law that regulates the supervision and control of the financial and insurance sectors. The law establishes the legal framework for the supervision of credit institutions, insurance companies, and pension funds by the Portuguese Central Bank and the Portuguese Insurance and Pension Funds Supervisory Authority. The law sets out the criteria and procedures for the authorization, operation, and termination of financial and insurance entities, as well as their reporting requirements, prudential rules, and corporate governance standards. The law also provides for the establishment of a financial stability council to coordinate the macroprudential supervision of the financial system.

Thumbnail image for Decreto-Lei n.º 1578/2006 is a Portuguese law that regulates the supervision and control of the financial and insurance sectors. The law establishes the legal framework for the supervision of credit institutions, insurance companies, and pension funds by the Portuguese Central Bank and the Portuguese Insurance and Pension Funds Supervisory Authority. The law sets out the criteria and procedures for the authorization, operation, and termination of financial and insurance entities, as well as their reporting requirements, prudential rules, and corporate governance standards. The law also provides for the establishment of a financial stability council to coordinate the macroprudential supervision of the financial system.

Issuer

Portugal

Year

2006

Region

Europe

Issuer (type)

Ministry of the Environment, Ordinance Territory and Regional Development (Government)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Manufacturing
Agriculture, Forestry, Fishing & Hunting
Health Care & Social Assistance
Mining, Quarrying, Oil & Gas Extraction

Restrictiveness

Moderate

Sustainable Development Goals (SDGs)

SDG 2: Zero Hunger
SDG 3: Good Health and Well-being
SDG 6: Clean Water and Sanitation
SDG 7: Affordable and Clean Energy
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 14: Life Below Water