The Estonian Financial Supervision Authority withdrew Kemotex Finance OÜ’s operating licence to act as a creditor and mortgage creditor, following an application from the company. With the withdrawal, Kemotex Finance OÜ may no longer operate as a creditor or mortgage creditor, including entering into credit agreements with clients or conducting related transactions in its own name and on its own account. The licence had been issued on 3 April 2017. Finantsinspektsioon noted that 32 creditors currently operate in Estonia under its licensing regime.
Estonian Financial Supervision Authority withdraws Kemotex Finance OÜ’s creditor and mortgage creditor licence at the firm’s request
The Estonian Financial Supervision Authority revoked Kemotex Finance OÜ’s operating licence as a creditor and mortgage creditor at the company's request. Consequently, Kemotex Finance OÜ is prohibited from entering into credit agreements or conducting related transactions. The licence was originally issued on 3 April 2017.