Regulatory Alerts2021-01-01
Financial Regulatory Authority Board of Directors Resolution No. (110) for 2021
The Financial Regulatory Authority (FRA) Board of Directors issued Resolution No. 110 of 2021 to amend the female representation requirement on the boards of non-banking financial companies. The amendment mandates that women hold at least 25% or a minimum of two board seats, aligning with the Authority's prior gender-inclusion directive. Non-banking financial entities must comply with this revised licensing framework by December 31, 2022.
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