Regulatory Alerts2018-01-01
Decision No. 85 of 2018 Regarding Membership Conditions for Boards of Directors of Companies Under FRA Supervision
The Financial Regulatory Authority issued Decision No. 85 of 2018 to establish the mandatory eligibility criteria for board of directors members in companies under its supervision. This regulation specifies the professional and personal qualifications required for board membership, incorporating the latest amendments to ensure regulatory compliance. The decision serves as the definitive legal framework for assessing the suitability of individuals holding executive positions in regulated financial entities.
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