Regulatory Alerts2018-01-01
Decision No. 138 of 2018 Regarding Rules for Preparing and Presenting Financial Statements for Leasing and Factoring Licensees
The Financial Regulatory Authority issued Decision No. 138 of 2018 to establish the rules for preparing and presenting financial statements for entities licensed to conduct leasing and factoring activities. This regulation mandates specific accounting standards and reporting formats that these financial institutions must adhere to in their official disclosures. Furthermore, the decision defines the strict deadlines and procedures for submitting these financial statements to the relevant regulatory authorities.
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