Regulatory Alerts2009-01-01
FRA Circular No. 2 of 2009 on Investment Fund Management Companies
The Financial Regulatory Authority (FRA) issued Circular No. 2 of 2009 to establish the operational and compliance framework for companies managing investment funds. The directive mandates licensing, minimum capital thresholds, and corporate governance standards for all qualifying fund management entities. It further outlines continuous reporting obligations and supervisory mechanisms to ensure market transparency and investor protection.
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