Regulatory Alerts2020-01-01
Decision No. 38 of 2020
The Financial Regulatory Authority (FRA) issued Decision No. 38 of 2020 to amend its Board resolutions governing real estate financing and licensed leasing and factoring operations. This decision updates the rules and standards for practicing real estate financing under Decision No. 111 of 2015, while simultaneously revising the regulatory framework for licensed financing leasing and factoring companies under Decision No. 7 of 2019. The amendments introduce updated compliance requirements and operational guidelines to standardize regulatory oversight across these financial activities.
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Home / Decision No. 38 of 2020
Decision No. 38 of 2020
Regarding the amendment of the Authority's Board of Management Decision No. (111) of 2015 concerning the rules and standards for practicing real estate financing activities, and the Authority's Board of Management Decision No. (7) of 2019 concerning the rules and regulations governing licensed companies practicing financing leasing and factoring activities.
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