Legislation news: Requirements prescribed to the rules for financing activities under assignment of a monetary claim (factoring)

On May 13, 2025, Resolution No. 85 of the Board of the National Bank of the Republic of Belarus dated 16.04.2025 “On requirements to the rules for financing activities under assignment of a monetary claim (factoring)” (hereinafter – Resolution No. 85) entered into force.

Resolution No. 85 establishes the requirements for the rules for financing activities under assignment of a monetary claim (factoring) (hereinafter – the rules) by commercial organizations included in the register of factoring organizations (hereinafter – factoring organizations). The provisions that must necessarily be included in the rules have been identified.

Resolution No. 85 also amended Resolution No. 291 of the Board of the National Bank of the Republic of Belarus dated June 22, 2018 “On the formation of credit histories and the provision of credit reports.” The changes directly affected the Instructions on the procedure for submitting information included in the credit history, under form 2501 “Information included in the credit history” regarding the settlement of financing activities for assignment of a monetary claim (factoring).

The full text of Resolution No. 85 can be found at the link.