Regulatory Alerts2020-01-01
Decision No. 205 of 2020 on Reducing Development Fees and Service Considerations for Licensed Non-Banking Financial Entities Serving Women
The Financial Regulatory Authority (FRA) issued Decision No. 205 of 2020 to reduce development fees and service considerations for licensed non-banking financial entities. This regulatory measure applies specifically when these organizations engage with and deliver services to women, effectively lowering their operational costs. The decision mandates the adjusted fee structure across qualifying financial service providers to encourage expanded women-centric offerings.
Share