ESEDA position regarding the legal framework

•ESEDA supports the government in its initiatives to regulate the debt management agencies and set operating rules to what used to be a chaotic scenery. •Following four years of continuous efforts, ESEDA has managed to be heard as the voice of the industry. During the latest public consultation ESEDA proposals have been taken into account. •Among the key points raised during the public consultation, ESEDA has identified rules and remedies already defined by the Association in its Code of Ethics/Practice. •Finally, ESEDA believes that the establishment of a rigorous and modern regulatory framework will help debt management companies maintain their proper operation, defend the jobs of thousands of employees, and above all, protect effectively the interests of the consumers.