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Cabinet is considering exception telecom sector by setting credit standards
The government is considering to give the telecom sector an exception to the Act on Financial Supervision. Earlier it was considered that subscriptions where ‘free’ phones are provided as a loan to be seen. The telecom sector is free to put forward alternative proposals.
That report Telecompaper based on statements by Finance Minister Jeroen Dijsselbloem. He would be prepared to adapt the Act on Financial Supervision that there is an exception for telecom providers. These should namely a subscription which provide discounts fault smartphone as a loan, something that requirements under current law are imposed on such an income test.
The telecom sector gets some months to come up with suggestions on how the situation could be improved around ‘free’ phones with subscriptions. Also it talks about the transparency of tariffs and roaming, but what will be the exact content of these discussions is not known. In addition Dijsselbloem notes here that the telecom sector will in any case be placed under supervision when it comes to subsidizing smartphones on subscriptions. Because calls are the Financial Supervision Act will however only enter into force from next year for the telecom sector.
Providers had already asked for an exception to Dijsselbloem. However, the minister did earlier because none of it and sent a letter to the Lower House in which he reported nothing will be changed to the law.
The Supreme Court ruled last year that a telecom subscription with a free smartphone, or reduction of the purchase price is given, must be considered as a loan. Tweakers published an article on the situation. Because such a loan under the Financial Supervision Act is additional requirements are necessary which must be determined whether the client can handle the debt. That will be getting a subsidized phone considerably more difficult than it is today. Whether this legal requirement after the talks with the providers of the table is to be seen.Viewing:-138
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