Regulatory Alerts2020-01-01
Decision No. 56 of 2020 on Conditions and Licensing for Consumer Financing Activities
The Financial Regulatory Authority (FRA) issued Decision No. 56 of 2020 to establish the mandatory conditions and licensing procedures for consumer financing activities. The regulation defines the structural, financial, and operational prerequisites that entities must satisfy to legally operate in the consumer credit market. These standardized requirements aim to formalize sector entry, enforce corporate governance standards, and safeguard consumer interests across licensed financial institutions.
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