Regulatory Alerts2020-01-01
Decision No. 205 of 2020 Regarding the Reduction of Development Fees and Service Charges for Licensed Non-Banking Financial Entities in Their Transactions and Services for Women
The Financial Regulatory Authority (FRA) issued Decision No. 205 of 2020 to mandate a reduction in development fees and service charges for licensed non-banking financial entities. This regulatory directive specifically applies to all transactions and services provided to women, aiming to lower financial barriers and enhance their economic inclusion. The decision formally updates the applicable fee structures, requiring all regulated entities to implement the reduced rates in compliance with the new framework.
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