Regulatory Alerts2018-01-01
Decision No. 53 of 2018 on Licensing Controls and Share Ownership Rules for Non-Banking Financial Companies
The Financial Regulatory Authority issued Decision No. 53 of 2018 to mandate licensing controls and share ownership rules for non-banking financial companies. The decree specifies eligibility criteria, capital adequacy standards, and governance requirements that licensees must fulfill to obtain or renew their permits. It further regulates corporate shareholding limits, voting rights, and equity transfer procedures to strengthen regulatory oversight and market stability.
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