Regulatory Alerts2019-01-01
Circular Letter No. 1626 of 2019
The Financial Regulatory Authority issued Circular Letter No. 1626 of 2019 to grant in-principle approval for the establishment of Medav Factoring Company. This directive outlines the preliminary compliance conditions and structural prerequisites that the applicant must fulfill to advance to the full licensing stage. The regulatory decision formally recognizes the entity's initial eligibility while mandating strict adherence to ongoing supervisory and capital adequacy standards.
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