Regulatory Alerts2019-01-01
Decision No. 124 of 2019
The Financial Regulatory Authority issued Decision No. 124 of 2019 to amend its Board Decision No. (53) of 2018, updating the licensing conditions and renewal requirements for non-banking financial companies. The revised regulation establishes updated share ownership rules governing equity stakes in these licensed entities. These amendments explicitly define permissible shareholding structures and compliance thresholds for companies operating in non-banking financial activities.
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