New Asset Management Regime

On 28 April 2023, Decree-Law No. 27/2023 was published, approving the new Asset Management Regime, which came into effect on 28 May 2023.

The Asset Management Regime replaces the Legal Regime for Venture Capital, Social Entrepreneurship and Specialised Investment, approved by Law No. 18/2015, of 4 March 2015, and the General Regime of Collective Investment Undertaking, approved by Law No. 16/2015, of 24 February 2015. With the repeal of these two regimes and the approval of the AMR, the various types of collective investment undertakings and management companies will be subject to a sole unified regime.