Regulatory Alerts2018-01-01
Decision No. 143 of 2018 Amending Decision No. 53 of 2018 Regarding Licensing and Share Ownership Rules for Non-Banking Financial Activities
The Financial Regulatory Authority issued Decision No. 143 of 2018 to amend Decision No. 53 of 2018 concerning the licensing and share ownership regulations for non-banking financial activities. This regulatory update modifies the specific controls governing the issuance and continuation of licenses for companies operating in these sectors. The decision establishes revised rules for the ownership of shares within companies engaged in non-banking financial activities to ensure compliance with current regulatory standards.
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