Regulatory Alerts1994-01-01
Decision No. 005 of 1994 Regarding Conditions for Specialized Foreign Investment Managers
The Financial Regulatory Authority (FRA) issued Decision No. 005 of 1994 to establish mandatory regulatory standards for foreign entities operating as investment managers. The directive requires all specialized foreign firms to satisfy specific financial, operational, and compliance conditions before conducting investment management activities. These stipulations aim to safeguard market integrity, ensure proper oversight, and protect local investor interests.
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