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  • 18-06-2021

Pursuant to Article 28-4 of the Luxembourg Financial Sector Act (FSA), an authorisation as a specialised professional of the financial sector (PFS) is required for professionals engaged in lending activity, i.e. the extension of loans to the public on their own behalf. This activity is different from that performed by credit institutions in that it does not involve the collection of deposits or other repayable funds from the public.

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