Regulatory Alerts2019-01-01
Decision No. 74 of 2019
The Financial Regulatory Authority (FRA) Board of Management issued Decision No. 74 of 2019 to amend its previous licensing framework by establishing precise conditions for granting and maintaining licenses alongside updated share ownership rules for non-banking financial companies. This regulatory update standardizes the licensing process and clarifies equity participation requirements to ensure market stability and compliance. The decision directly applies to all licensed entities operating outside traditional banking, mandating adherence to the revised governance and capital structure guidelines.
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Decision No. 74 of 2019
Regarding the Amendment of the Authority's Board of Management Decision No. (53) of 2018 Concerning the Conditions for Granting and Maintaining Licenses and the Rules for Share Ownership of Companies Operating in Non-Banking Financial Activities
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