2020-01-01

Decision No. 205 of 2020

The Financial Regulatory Authority (FRA) issued Decision No. 205 of 2020 to reduce the development fee and service consideration payable by licensed non-banking financial companies and entities. This regulatory measure applies specifically to their dealings with and service provision to women, lowering operational costs for female-focused financial activities. The decision mandates the adjusted fee structure across all relevant licensed non-banking financial entities operating under FRA supervision.

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Home Uncategorized Decision No. 205 of 2020

Decision No. 205 of 2020

Regarding the reduction of the development fee and service consideration due from companies and entities licensed to practice non-banking financial activities in their dealings with and provision of services to women

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