With the decision of the Capital Markets Board ("Board") dated November 21, 2024, and numbered 60/1696, certain amendments have been made to the Guide on Investment Funds (the "Fund Guide").
Buy Now Pay Later (“BNPL”) is a type of payment that has become widespread in North America, Australia and Europe, which allows the price of the product / service to be postponed for certain periods of time or divided into certain maturities. BNPL is a financing model that enables the immediate purchase of goods and services and payment at a later date.
In recent years, legal systems worldwide have struggled to keep the pace with the rapid evolution of digital markets. Traditional laws have become inadequate to address the unprecedented scale and speed of digital businesses, the dominance of a few major players, and cross-border nature of digital transactions.
With the decision of the Capital Markets Board ("Board") dated November 21, 2024, and numbered 60/1696, certain amendments have been made to the Guide on Investment Funds (the "Fund Guide").
Buy Now Pay Later (“BNPL”) is a type of payment that has become widespread in North America, Australia and Europe, which allows the price of the product / service to be postponed for certain periods of time or divided into certain maturities. BNPL is a financing model that enables the immediate purchase of goods and services and payment at a later date.
In recent years, legal systems worldwide have struggled to keep the pace with the rapid evolution of digital markets. Traditional laws have become inadequate to address the unprecedented scale and speed of digital businesses, the dominance of a few major players, and cross-border nature of digital transactions.