Regulatory Alerts2020-01-01
General Authority for Financial Supervision Board Decision No. 101 of 2020 (Updated in 2022)
The General Authority for Financial Supervision Board issued Decision No. 101 of 2020, updated in 2023, to establish comprehensive financial adequacy criteria for consumer finance companies. The regulation mandates strict capital adequacy ratios, risk-weighted asset calculations, and defined thresholds for operational, concentration, and liquidity risks. Subsequent amendments by Board Decisions No. 161 (2022) and No. 82 (2023) refined Article 1, replaced the risk-weighted assets calculation table, and standardized disclosure and periodic reporting requirements.
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