Regulatory Alerts2019-01-01
Financial Institutions (Tier III Microfinance Institutions) (Exemption) Notice, 2019
Governor Retøelisoë Matlanyane of the Central Bank of Lesotho issued this notice to exempt Tier III Microfinance Institutions from section 5(2) of the Financial Institutions Act, 2012. The exemption takes effect immediately upon publication in the Government Gazette on June 14, 2019. This regulatory adjustment reduces licensing compliance requirements for qualifying microfinance entities operating under the tiered framework.
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