Regulatory Alerts2021-05-06
Added · Updated
Official Position Regarding the Application of Article 2(2) of the HAFC Act in Connection with the Establishment of the PlatiMe.hr Digital Platform
The Croatian Financial Services Supervisor (HANFA) issued an official position stating that PlatiMe d.o.o., as the administrator of the PlatiMe.hr digital platform, is not a supervised entity under the HAFC Act because it merely facilitates transactions rather than providing financial services. However, the platform administrator is obligated to cooperate with HANFA by providing access to business documentation to help detect unlicensed factoring activities by buyers. HANFA also requires the continuous display of warnings to buyers regarding the legal distinction between occasional receivables purchase and continuous, unlicensed factoring business.
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