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Decree Law No. 75/2020


Publication: Republic Diary No. 188/2020, Series I of 2020-09-25
  • Issuer: Presidency of the Council of Ministers
  • Diploma Type: Decree Law
  • Number: 75/2020
  • Pages: 2 - 11

Summary in plain english

What is it?

This decree-law adapts the supervisory model of several corporate public entities.

What is going to change?

The statutes of the following public corporate bodies (E.P.E.) are revised:

    • Navegação Aérea de Portugal (NAV - Portugal) [Portuguese Aerial Navigation];
    • Agência para o Investimento e Comércio Externo de Portugal (AICEP) [Portuguese Agency for the External Investment and Trade];
    • Shared Services of the Ministry of Health (SPMS);
    • School Park.

The supervision and control of the legality of financial and asset management in the four E.P. E. are to be carried out through a supervisory board and a statutory auditor or a firm of statutory auditors which does not belong to those bodies, these being chosen from auditors registered with the Securities Market Commission.

What advantages does it bring?

This decree-law seeks, in a logic of economy and efficiency of legislative production, to correct the supervisory model that does not coincide with the one mentioned above.

When does it enter into force?

This decree-law enters into force on 26 October 2020.

Original Version

LEGAL TRANSLATOR

  • Legal translator is the translation of texts within the field of law

CONSOLIDATED LEGISLATION

Legislative consolidation integrates the various amendments and rectifications made into an original legal diploma in order to make its consultation more accessible to the citizen.