Regulatory Alerts2020-01-01
Decision No. (187) for the Year 2020
The Financial Regulatory Authority (FRA) issued Decision No. (187) of 2020 to mandate regulatory compliance within the non-banking financial sector. The decree requires all licensed companies and entities operating in non-banking financial activities to establish and maintain a comprehensive database cataloging the specific services they offer to their clients. This measure aims to enhance transparency, improve client protection, and enable the regulator to effectively monitor service delivery across the sector.
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