Board of Directors Decision No. (56) of 2020 (Updated 2023 Version)

Board of Directors Decision No. (56) of 2020 dated 2020/3/22 Regarding the conditions and regulations for establishment and licensing to conduct consumer financing activities, and the conditions and regulations for licensing other consumer financing providers As amended on 2023/4/12 1 The Board of Directors of the Capital Markets Authority decided (Article One)

1
The Decision was amended by Board Decisions Nos. 206 dated 2021/12/21 and 94 dated 2023/4/12.

(Article Two)

2
Paragraph (1) of Article Two was replaced by Capital Markets Authority Board Decision No. 94 dated 2023/4/12, stipulating that licensed consumer financing companies authorized to conduct this activity must regularize their status in accordance with the provisions of this Decision within a period not exceeding one year from the date of its implementation, and the Authority's Board may extend this period for up to two years based on serious justifications submitted by the company.

(Article Three)
(Article Four)

(Article Five)
(Article Six)

3
Paragraph 8 of Article Four was added by Capital Markets Authority Board Decision No. 206 dated 2021/12/21.

(Article Seven)
(Article Eight)
(Article Nine)