Insurance distributors, which means insurers, insurance brokers and insurance agents, operating cross-border in the United Kingdom have been able again from the end of September to apply for a temporary permission to continue operating after the end of the Brexit transition period.
Fraudulent telephone calls purporting to be from Finantsinspektsioon were reported this week. The calls come from the number 6970028 and say that an invoice currency exchange has been issued for the person who receives the call, and then offer invoice settlement services.
Finantsinspektsioon fined the payment institution Wallester AS 10,000 euros for not giving Finantsinspektsioon sufficient notice of the appointment of a member of the management board.
Finantsinspektsioon has issued a memo highlighting to lenders the restructuring measures that should be taken if a borrower has difficulties with repayments. The memo sent to the credit market is intended to explain and clarify the principles of responsible lending and to highlight the importance of working together.
