Regulatory Alerts2019-01-01
Decision No. 124 of 2019
The Financial Regulatory Authority (FRA) issued Decision No. 124 of 2019 to amend Board Decision No. (53) of 2018 regarding non-banking financial activities. This regulatory update revises licensing conditions, renewal procedures, and share ownership rules for operating companies. The amended framework standardizes compliance obligations and clarifies equity participation thresholds across the sector.
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Home Uncategorized Decision No. 124 of 2019
Decision No. 124 of 2019
Regarding the amendment of the Authority's Board Decision No. (53) of 2018 concerning the conditions for granting and maintaining licenses and the rules for share ownership of companies operating in non-banking financial activities
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