Regulatory Alerts2019-01-01
Circular Letter No. 15 of 2019 on Controls for Practicing Factoring Activities
The Financial Regulatory Authority (FRA) issued Circular Letter No. 15 of 2019 to establish binding controls for entities practicing factoring activities. The directive mandates strict compliance with operational standards, licensing prerequisites, and risk management protocols to safeguard market integrity. Factoring firms and financial institutions must immediately integrate these regulatory requirements into their internal governance frameworks to maintain operational authorization.
Share