Regulatory Alerts2025-11-18
Act on Credit Servicing Activities and Credit Purchasers
The Danish Financial Supervisory Authority (Finanstilsynet) issues this regulation to implement EU Directive 2021/2167, establishing a licensing and supervisory framework for credit servicing activities and credit purchasers. The law mandates strict governance, fit-and-proper requirements, and operational standards for entities managing non-performing loans, including rules on outsourcing, client fund protection, and complaint handling. It further regulates cross-border service provision within the EU, requiring prior notification to the Danish regulator and host country authorities to ensure consumer protection and market integrity.
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