Although the amendments arising from this legislation directly concern capital markets, their effects are not limited to issuers of securities. Insurance companies, insurance distributors, and pension fund management entities are among the institutional market participants that may benefit from a more dynamic and accessible market with greater availability of information.<\/p>\n
Among the most significant measures is the reduction of barriers to the admission of companies to trading on regulated markets, including a lower minimum public free-float requirement and the creation of more favourable conditions for markets intended for growing small and medium-sized enterprises. The aim is to facilitate corporate financing through capital markets, diversifying funding sources beyond traditional bank lending.<\/p>\n
For insurers and pension funds, which play a central role as long-term institutional investors, these changes may result in a broader supply of eligible investment assets, as well as a wider pool of issuers subject to harmonised European transparency and reporting rules. Improved quality and accessibility of financial information is particularly relevant to prudent investment portfolio management and compliance with the governance and risk-management requirements imposed by the Solvency II and IORP II (Institutions for Occupational Retirement Provision II<\/em>) frameworks.<\/p>\n The legislation also strengthens market transparency mechanisms and promotes the development of consolidated information systems, measures that may contribute to better price formation and more efficient investment decision-making. For insurance distributors marketing investment products with a financial component, particularly life insurance policies linked to investment funds (unit-linked<\/em> products), these changes may create a more transparent market environment that is more conducive to investor protection.<\/p>\n In summary, although it is not legislation specifically aimed at the insurance sector, Decree-Law No. 171\/2026 represents a further step towards deeper, more accessible, and more competitive European financial markets, expanding the investment opportunities available to insurers and pension funds and contributing to a more favourable framework for financing the real economy.<\/p>\n Belzuz Abogados, S.L.P.<\/a> \u2013 Portuguese Branch has a multidisciplinary team with extensive experience in providing legal advice to national and international insurance companies, insurance distributors, and pension fund management entities. In a constantly evolving regulatory environment requiring ongoing adaptation to changes in financial markets and applicable legislation, Belzuz Abogados, S.L.P.<\/a> provides specialised support in analysing the legal and regulatory impact of initiatives such as Decree-Law No. 171\/2026 and in implementing the measures needed to ensure compliance and take advantage of the opportunities arising from the evolution of capital.<\/p>\n","protected":false},"featured_media":18937,"template":"","categories":[],"area-de-practica":[225],"publicaciones":[131],"idioma-publicacion":[71],"areas-practica-publicacciones":[],"class_list":["post-21969","publicacion","type-publicacion","status-publish","has-post-thumbnail","hentry","area-de-practica-insurance-law","publicaciones-luis-filipe-faria","idioma-publicacion-ingles"],"acf":[],"_links":{"self":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/publicacion\/21969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/publicacion"}],"about":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/types\/publicacion"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/media\/18937"}],"wp:attachment":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/media?parent=21969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/categories?post=21969"},{"taxonomy":"area-de-practica","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/area-de-practica?post=21969"},{"taxonomy":"publicaciones","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/publicaciones?post=21969"},{"taxonomy":"idioma-publicacion","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/idioma-publicacion?post=21969"},{"taxonomy":"areas-practica-publicacciones","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/areas-practica-publicacciones?post=21969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}