Regulatory Alerts2020-01-01
Decision No. 187 of 2020 on Establishing a Database for Non-Banking Financial Services
The Financial Regulatory Authority issued Decision No. 187 of 2020 to mandate the establishment of a centralized database for companies and entities operating in non-banking financial activities. This regulation requires these organizations to systematically record and report the specific services they deliver to their clients within a unified registry. The initiative enhances regulatory oversight, standardizes service disclosures, and streamlines compliance monitoring across the sector.
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