Supply@ME Capital PLC offers fintech platform that allows companies to monetise their stock [Video]

Supply@ME Capital PLC (LSE:SYME) (SYME), which provides an innovative fintech platform for use by manufacturing and trading companies to access Inventory Monetisation (IM) solutions, has welcomed new Italian legislation pegno non possessorio (PNP) regulation which has been published in the Official Journal of the Italian Republic.

The PNP Regulation will, for the first time in Italy, introduce the concept of ‘security interest’ – a concept widely adopted across Europe and the UK – into Italian law, and allow entrepreneurs to access financing of their inventory more easily, without having to sell, transform or otherwise dispose of their business assets.

In parallel to the PNP Regulation, the Italian Revenue Agency (Agenzia delle Entrate) will operate a digital ledger for the registration and keeping of pledges. As a result, all the operations relating to such pledges can be carried out swiftly and electronically, including, but not limited to, registration, consultation by anyone, modification, renewal and cancellation.

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