Regulatory Alerts2009-08-14 | cba-blob-8523Ministerial Regulation of April 16, 2009 Implementing Section 48 of the State Ordinance on the Supervision of the Credit System
The Ministers of Justice and Finance and Economic Affairs of Aruba issued this regulation to substantially increase the threshold for prohibited public fundraising activities. The amendment raises the minimum amount below which approaching the public for funds is banned from 100,000 to 1,000,000 Aruban florins. This change aims to protect investors in nominal repayable funds and safeguard the reputation of the financial sector.
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