Regulatory Alerts2019-01-01
Decision No. 115 of 2019 Amending Management Board Decision No. 161 of 2014 on Auditor Registration and Deregistration for Licensed Microfinance Companies, Associations, and Non-Profit Institutions
The Financial Regulatory Authority issued Decision No. 115 of 2019 to amend Management Board Decision No. 161 of 2014, establishing updated registration and deregistration conditions for auditors overseeing microfinance companies, associations, and licensed non-profit institutions. This amendment standardizes the eligibility criteria and procedural requirements for auditors maintaining their status in the official register. Consequently, licensed entities must ensure their appointed auditors comply with these revised conditions to continue operating under the Authority's regulatory framework.
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