Regulatory Alerts2020-01-01
Decision No. 61 of 2020 on Executive Corporate Governance Rules for Licensed Consumer Financing Companies
The Financial Regulatory Authority issued Decision No. 61 of 2020 to establish executive corporate governance rules for companies licensed to conduct consumer financing activities. The regulation mandates standardized governance frameworks, including board oversight, committee structures, and internal control mechanisms specifically tailored to the consumer financing sector. Licensed entities must implement these operational and reporting standards to ensure regulatory compliance and strengthen corporate accountability.
Share