Dear PLMJ Clients, Partners and Friends,
PLMJ has just launched a new service that is crucial for companies: "Legal Support for Credit Intermediaries".
On 1 January 2018, new legislation came into force on the activities of credit intermediaries and the provision of consultancy services in relation to consumer credit agreements and mortgage loan agreements. A significant set of rules applicable to carrying on the activity of credit intermediation came into force on that date.
However, when it comes to the process of authorisation and registration with Banco de Portugal, which is now compulsory, credit intermediaries already operating as such may continue to carry on this activity throughout 2018.
PLMJ has created a specialist team to support credit intermediaries by providing a full range of legal services to assist clients in complying with the legal and regulatory obligations now being imposed.
The team set up by PLMJ has extensive experience in providing legal support to credit intermediaries, including preparing for and adapting to the new legal framework.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.