Regulatory Alerts1992-06-17
Official Gazette of the Republic – Law on Financial Institutions
The Central Bank of the Republic issued this Law on Financial Institutions to establish a comprehensive regulatory framework for all financial entities operating within its jurisdiction. The legislation mandates licensing, capital adequacy, governance standards, and operational compliance for both state-owned and private financial institutions. It further empowers the Central Bank to supervise, inspect, and enforce penalties against non-compliant entities while defining their legal status, merger procedures, and financial reporting obligations.
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