Regulatory Alerts2019-01-01
Decision No. 15 of 2019 on Compulsory Insurance for Microfinance Clients
The Financial Regulatory Authority issued Decision No. 15 of 2019 to mandate compulsory insurance coverage for microfinance clients. This regulation establishes clear operational frameworks and risk mitigation requirements for financial institutions extending microloans. By enforcing this insurance scheme, the authority aims to protect vulnerable borrowers and strengthen overall financial sector stability.
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