Regulatory Alerts2023-09-29
Finance Companies Regulation
The Central Bank of the UAE issued the Finance Companies Regulation to establish a robust and prudent regulatory framework for Finance Companies and Restricted Licence Finance Companies. The document mandates strict requirements for licensing, minimum capital, liquidity, corporate governance, and risk management to ensure operational transparency and financial stability. It further outlines comprehensive obligations regarding consumer protection, credit reporting, regulatory reporting, and enforcement sanctions applicable to all regulated entities.
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