Regulatory Alerts2020-01-01
Decision No. (205) of 2020 Regarding the Reduction of the Development Fee and Service Charges Payable by Licensed Non-Banking Financial Activity Companies and Entities Serving Women
The Financial Regulatory Authority (FRA) issued Decision No. 205 of 2020 to reduce the development fee and service charges payable by licensed non-banking financial activity companies and entities. This regulatory measure specifically applies to all interactions and services provided to women by these financial institutions. The decision aims to lower operational costs for regulated entities while promoting greater financial inclusion and accessibility for female clients.
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