Decree Law No. 75/2020
- Issuer: Presidency of the Council of Ministers
- Diploma Type: Decree Law
- Number: 75/2020
- Pages: 2 - 11
Summary in plain english
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.
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