Latest news and stories about insurance regulator in Portugal for expats and residents.
Government inertia in appointing members to regulators' governing bodies is not limited to the ASF (the insurance regulator); it also affects the markets regulator.
The insurance regulator accumulated €44 million in cash surpluses after 2023 by charging revenues 'unnecessary for the purposes of its mission', which have been used to 'finance the State', the Court of Auditors concludes.
An audit by the Court of Auditors (TdC) into the financing of the Insurance and Pension Funds Supervisory Authority (ASF) found that the body spent almost €1 million more than it should have on salaries for its directors and members of the Supervisory Commission. According to Expresso (paywalled)...
