Regulatory Alerts2009-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. 66 of 2009 (as last amended)
The Financial Regulatory Authority (FRA) issued Decision No. 66 of 2009 to impose a development fee on companies under its supervision, calculated as a percentage of total revenues from regulated activities. The fee must be paid quarterly and settled annually with audited financial statements, subject to daily interest on late payments based on the Central Bank's lending rate. Revenues collected are strictly allocated to developing the Authority's supervisory systems, electronic disclosure platforms, institutional capacity building, and market infrastructure projects.
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