Regulatory Alerts2022-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2022
The Financial Services Commission issued these rules to amend the First Schedule of its consolidated licensing framework by introducing a new Money Lending category (FS-1.20) with specified fees of Rs. 43,000 (USD 1,000) and Rs. 82,000 (USD 1,900). The amendment formally updates the fee structure for financial service providers under the principal 2008 regulations. These rules took effect on 1 April 2022.
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