However, the legislator established a transitional period of one year, in which natural and legal persons carrying out credit intermediary activity prior to the entry into force of the legal framework may continue to do so without Banco de Portugal’s authorisation.
We are well aware that the credit intermediary authorisation process is of great importance to the specialised credit institutions sector, given the relevance of these entities for the distribution of consumer credit products. It is a challenge for the sector, but also for Banco de Portugal.