Brazil’s PREVIC Offers Arbitration Option, Expands Online Submission

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PREVIC — Brazil’s private pension fund regulator — has introduced (Portuguese) an arbitration option, providing individual participants another judicial alternative for resolving pension conflicts. PREVIC has also expanded (Portuguese) its electronic information system (SEI) to allow additional types of filings.

Additional Online Filings

The SEI already accepts information about sponsorship withdrawal, director certification and responses to formal PREVIC consultations. Starting 1 Nov 2020, private pension funds can submit the following types of operational information:

  • Merger and acquisition of pension funds or benefit plans
  • Spinoff of benefit plans/pension funds
  • Benefit plan migration
  • Benefit plan asset surplus
  • Pension funds statutory termination
  • Other related operations

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