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The EU's AI Act Reaches Its Enforcement Phase, and Portugal Turns to a Late-Chosen ANACOM to Police the New Rules

The EU's AI Act Reaches Its Enforcement Phase, and Portugal Turns to a Late-Chosen ANACOM to Police the New Rules

The EU's AI Act moves into its enforcement phase on 2 August, with fines reaching €35 million or 7% of global turnover. In Portugal the regulator is a late-chosen ANACOM, now racing to build the teams to police transparency rules, general-purpose models and high-risk AI.

The Portugal Brief 03 Aug 2026

The window of a small Portuguese retail shop in Lisbon, its shelves stocked with coffee pots, glassware and goods beside handwritten Portuguese price tags

Portugal Plans to Fold Scattered Licensing Laws Into a Single Code and Scrap Most Pre-Opening Inspections

A new business-licensing code being drafted by the Economy Ministry would make pre-opening inspections the exception, replacing them with a signed declaration in most cases, folding scattered rules into one framework and adding binding deadlines and tacit approval. Public consultation is due in the

The Portugal Brief 07 Jul 2026

A glass jar of euro coins spilling onto a plain white surface

Portugal Races to Save €880 Million in Competition Fines From Expiring on a Deadline Loophole

The Competition Authority says about €880 million in fines across banking, energy, telecoms, retail and transport could expire between now and March 2027 on a prescription technicality. The €225 million banking cartel case already collapsed this way, and Parliament is scrambling to close the loophol

The Portugal Brief 02 Jul 2026

The illuminated neoclassical facade of a Bank of Portugal building lit up at night

Portugal Brings Crypto Under the EU's MiCA Rulebook From July 1, Splitting Supervision Between the Bank of Portugal and the CMVM

From 1 July, Portugal finally applies the EU's MiCA regulation to crypto. The Bank of Portugal handles authorisation and prudential oversight while the CMVM polices conduct, with fines reaching €5 million. A grandfathering window has closed, leaving only a handful of licensed operators.

The Portugal Brief 01 Jul 2026

A pile of gold cryptocurrency coins including bitcoin-style tokens

Portugal's Crypto Rulebook Takes Effect on 1 July, Splitting Supervision Between the Bank of Portugal and the CMVM

Portugal's long-delayed crypto framework, transposing the EU's MiCA regulation, takes effect on 1 July. The Bank of Portugal handles authorisation and prudential oversight, the CMVM polices conduct and market abuse, and fines reach €5 million — ending the country's regulatory grey zone.

The Portugal Brief 28 Jun 2026

Finance Minister Rejects an Expert Panel's Proposal to Merge Portugal's Three Financial Supervisors

Finance Minister Rejects an Expert Panel's Proposal to Merge Portugal's Three Financial Supervisors

A government-appointed panel proposed folding the Bank of Portugal, the CMVM and the insurance regulator into a single supervisor. Finance Minister Joaquim Miranda Sarmento turned it down within two days.

The Portugal Brief 27 Jun 2026

Lisbon residential rooftops overlooking the Tagus river

Housing Secretary Drafts a Rulebook for Condominium Managers, Pledging Training and Accountability Standards

The government is preparing legislation to regulate and train Portugal's condominium-management companies, the Housing Secretary told an industry congress, warning that administrators can no longer get by on the bare legal minimum.

The Portugal Brief 23 Jun 2026

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