Regulatory Alerts2024-09-01
Regulation No. 003 of 2024 on Commercial Agent Activities in Banking Operations and Payment Services
The banking supervisory authority issues Regulation No. 003 of 2024 to standardize the operational framework for commercial agents conducting banking operations and payment services. The directive mandates strict capital adequacy, risk management protocols, and periodic compliance reporting for all licensed agents. It explicitly delineates authorized activity scopes, licensing procedures, and enforcement mechanisms to safeguard market stability and consumer interests.
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