The document summarizes the regulator's view of infrastructure asset management (IAM) standards in Portugal's water sector. It discusses how Portugal has evolved from an infrastructure phase to a management phase, creating a need for long-term strategies to balance service quality and costs while managing risks. The regulator has developed IAM indicators and an index to assess operators' infrastructure knowledge. It has also published IAM manuals, sponsored training, and supported a national IAM development program. Portuguese law now requires large operators to implement IAM systems. Next steps include providing guidance on legal compliance and comparing IAM requirements to the ISO 55001 standard.