Regulatory Alerts2020-01-01
Decision No. (63) for the year 2020
The Financial Regulatory Authority (FRA) issued Decision No. 63 of 2020 to establish the formation and competencies of appeal committees reviewing administrative decisions under the Consumer Financing Activity Law (Law No. 18 of 2020). The decision mandates specific procedural frameworks for submitting, examining, and adjudicating appeals against administrative rulings in the consumer financing sector. It formally operationalizes the statutory appellate mechanism to ensure standardized and transparent review processes for affected parties.
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