Rivista del Diritto Commerciale e del diritto generale delle Obbligazioni

Abstract: Credit purchase and regulation of financial activites – The essay focuses on regulatory issues concerning the activity of credit purchase. At present, no common UE regulation standards are set: credit purchasers are not regulated at all in some cases, while in others, like in Italy, they are required to obtain an authorisation as a financial institution, ruled by the consolidated banking law (as credit purchase is regarded as being a financial operation, even if the operators are buying credits at their own risk). The uneven framework will not be made up of the directive 2021/2167 on credit servicers and credit purchasers, as it concerns only credit purchase of NPL, originally issued by a credit institution, leaving regulatory differences between member states and determining competition asymmetries between operators.  

Sommario: 1. Premessa. – 2. L’assoggettamento dell’attività di acquisto di crediti alla riserva di cui all’art. 106 t.u.b. e le specificazioni della normativa secondaria. – 3. L’inquadramento dell’attività di acquisto di crediti. – 4. L’atto e l’attività di acquisto di crediti (riflessi su abusivismo e nullità dei contratti). – 5. La direttiva relativa ai gestori di crediti e agli acquirenti di crediti.  

Keywords: Credit purchase — NPL — credit servicers — regulation of financial activites.