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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of November 23, 2015 No. 471

About questions of financing under concession of monetary claim (factoring)

(as amended of the Presidential decree of the Republic of Belarus of 07.02.2019 No. 42)

For the purpose of enhancement of legal regulation of financing under concession of monetary claim (factoring) in the Republic of Belarus I decide:

1. Ceased to be valid according to the Presidential decree of the Republic of Belarus of 07.02.2019 No. 42

2. Bring in Item 1 of the Presidential decree of the Republic of Belarus of March 27, 2008 No. 178 "About procedure for carrying out and control of the foreign trade transactions" (The national register of legal acts of the Republic of Belarus, 2008, No. 80, 1/9574; 2009, No. 53, 1/10496) following changes and amendment:

in subitem 1.6.5:

state paragraph two in the following edition:

"in paragraphs the second, fourth or sixth, - date of cash write-off from bank account, and also from the account of the non-bank credit and financial organization in case, the established in paragraph six;";

in paragraph four "pole" to replace the word with the word "seventh";

in paragraph five of subitem 1.7 of the word" (less discount)" shall be replaced with words "(less discount if this type of remuneration is provided by the agreement)";

in subitem 1.10:

after the paragraph of the fifth to add with the paragraph of the following content:

"by execution by bank (the non-bank credit and financial organization) of obligations as a result of factoring transaction or under the agreement of financing under concession of monetary claim (the agreement of factoring) according to which obligation fulfillment according to the agreements in foreign trade providing import is performed;";

to consider the paragraph of the sixth the paragraph the seventh.

3. To Council of Ministers of the Republic of Belarus and National Bank in six-months time:

provide reduction of acts of the legislation in compliance with this Decree;

take other measures for its realization.

4. This Decree becomes effective in the following procedure:

Item 3 - after official publication of this Decree;

other provisions of this Decree - in six months after its official publication.

President of the Republic of Belarus

A. Lukashenko

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