The FSC regularly cooperates with persons supervised by it, as well as with companies developing financial technologies, financial innovation providers in the non-banking sector, whereat it provides the applicants opportunity to start an informal dialogue with the regulatory authority using a specific application form.
The purpose of the innovation hub consists in ensuring single interaction point for the supervisory body and the respective applicant company in order to enhance innovations in the non-banking sector and protecting consumers’ interests.
The application form enables the interaction mechanism through which the FSC could make clarifications and issue optional guidelines on the legislative rules relating to the business model of the applicant company, as well as to support the latter in case submitting application for granting license to perform its activity, where necessary.