Financial supervision is needed to monitor agents’ behaviour and to enforce the rules.
Highlights of the New Framework With the law in effect and the Registry in place, there are some key information that lenders, businesses and consumers will need to be aware: (i) For Lenders All transactions that involve moveable property standing good for the performance of an obligation such as a repayment of a loan will now require a notice to be published on the online Registry in order to have a legal effect of a security interest.