RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of April 16, 2025 No. 85

About requirements to rules of implementation of activities for financing under concession of monetary claim (factoring)

Based on the paragraph of the seventh subitem 1.4 of Item 1 of the Presidential decree of the Republic of Belarus of November 11, 2024 No. 416 "About activities for financing under concession of monetary claim (factoring)", 8, Article parts one 9, of article 11 of the Law of the Republic of Belarus of November 10, 2008 No. 441-Z "About credit stories" and parts one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES: Article parts one

1. Establish the following requirements to rules of implementation of activities for financing under concession of monetary claim (factoring) (further - rules) the commercial organizations included in the register of the factoring organizations (further - the factoring organizations):

1.1. rules affirm governing body of the factoring organization which competence according to constituent documents of the factoring organization includes development, approval and change of rules;

1.2. rules cannot establish the rights and obligations of the Parties under the agreement of financing under concession of monetary claim (the agreement of factoring) (further - the agreement of factoring) and to be its part;

1.3. rules shall contain:

the list of the performed financing types under concession of monetary claim (factoring) (open factoring, the hidden factoring, factoring with availability or lack of the right of regress);

types of monetary claims which can be subject of the agreements of factoring signed by the factoring organization and the list of requirements to the specified monetary claims;

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