Regulatory Alerts2023-01-01
Board of Directors Decision No. (117) for the Year 2023
The General Authority for Financial Supervision issued Board Decision No. (117) of 2023, amending the registration framework for Real Estate Agents and Brokers in real estate financing. The Decision establishes detailed eligibility criteria, application procedures, and three-year renewal cycles for both natural persons and legal entities, while mandating compliance with specific operational standards, fee structures, and professional conduct rules. It further outlines clear grounds for striking off registrations, procedures for re-registration following fraud or error, and the legal publication mechanism governing its immediate enforcement.
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