Regulatory Alerts2019-01-01
Decision No. 74 of 2019
The Financial Regulatory Authority issued Decision No. 74 of 2019 to amend its Board of Management Decision No. (53) of 2018. This amendment establishes updated conditions for granting and maintaining operating licenses, while clarifying the regulatory framework governing share ownership by companies engaged in non-banking financial activities. The revised rules standardize licensing requirements and equity participation structures to ensure consistent regulatory oversight across the non-banking financial sector.
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