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Position paper - Position on the Late Payment Regulation

11 Dec 2023
Consumer affairs
Financial Services

While the proposed Late Payment Regulation is motivated by the commendable goal of supporting and protecting small and medium-sized enterprises (SMEs) in the area of payments, as currently drafted, it captures transactions where both parties are large companies and potentially prevents SMEs and large companies alike using supply chain financing. As the co-legislators consider the proposal, they should create an exemption for transactions between large businesses which do not require the same protections as SMEs and benefit from additional flexibility, as well as clarify the regulation’s impact on supply chain financing. Access our position below to learn more.