Banco de Portugal has granted Service Innovation Group Portugal, Lda., authorization to undertake the activity of credit intermediary, in the category of tied credit intermediary and without exclusivity. Pursuant to Article 20 (1) of the legal regime laying down the requirements for access and pursuit of the activity of credit intermediary and the provision of advisory services, approved by Decree-Law 81-C / 2017 of July 7 (“legal regime of credit intermediaries”). The authorization granted comprises the presentation or proposal of consumer credit agreements governed by the provisions of Decree-Law No. 133/2009, of June 2, as amended.
Banco de Portugal unofficially promoted the registration of SIG Portugal as a credit intermediary in November 2018: www.bportugal.pt
The credit intermediary's registration can be consulted on the Banking Customer Portal at https://clientebancario.bportugal.pt/.
The credit intermediary is prohibited from receiving or delivering any amounts related to the formation, execution and early fulfilment of credit agreements, under the terms of article 46 of the legal framework for credit intermediaries, approved by Decree-Law no. 81-C/2017, of 7 July. SIG Portugal, Lda.'s activity as a credit intermediary is subject to supervision by the Bank of Portugal.
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