Regulatory Alerts2018-01-01
Decision No. 155 of 2018 Amending Decision No. 53 of 2018 on Licensing and Share Ownership Rules for Non-Banking Financial Activities
The Financial Regulatory Authority issued Decision No. 155 of 2018 to amend Decision No. 53 of 2018 regarding the licensing and share ownership rules for companies operating in non-banking financial activities. This regulatory update modifies the specific controls governing the issuance and continuation of licenses as well as the regulations concerning the ownership of shares in these entities. The decision establishes the updated legal framework for compliance and corporate structure within the non-banking financial sector.
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