Regulatory Alerts2014-01-01
Board of Directors Decision No. (17) of 2014 (Updated Version in 2018)
The General Authority for Financial Supervision amended Decision No. 17 of 2014 to update the conditions and procedures for registering and maintaining foreign branches. This revision integrates provisions from Board decisions 157 and 104, replacing specific clauses in Articles 1, 2, 3, and 5, and reordering Article 1 after cancelling clause 5. The updated regulatory text took effect on July 16, 2018, formalizing the current compliance requirements for foreign branch operations.
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