Regulatory Alerts2019-01-01
FRA Board Decision No. 160 of 2019 Amending Licensing Rules for Banks and Non-Banking Financial Companies to Conduct Investment Fund Activities
The Financial Regulatory Authority (FRA) issued Board Decision No. 160 of 2019 to amend the licensing regulations for banks and certain non-banking financial companies. The decision modifies Article One of Decision No. 58 of 2018 to explicitly permit public and private legal entities, excluding entities under FRA supervision, to conduct investment fund activities as part of their business objectives. This regulatory change expands the scope of eligible entities allowed to operate investment funds either independently or in collaboration with other parties.
Share