Regulatory Alerts2018-01-01
Decision No. 1 of 2018 Regarding Administrative Measures Against Licensed Microfinance Associations and NGOs Violating Operational Rules
The Financial Regulatory Authority (FRA) issued Decision No. 1 of 2018 to enforce administrative measures against licensed microfinance associations and non-governmental organizations that fail to comply with operational rules. The decision mandates corrective actions, penalties, and oversight procedures for non-compliant entities to ensure adherence to established microfinance standards. It establishes a clear regulatory framework that strengthens supervision and protects the integrity of licensed financial activities.
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