Regulatory Alerts2019-01-01
Decision No. 74 of 2019
The Financial Regulatory Authority issued Decision No. 74 of 2019 to amend its Board of Directors Decision No. (53) of 2018, establishing updated conditions for granting and maintaining licenses alongside new rules governing share ownership by non-banking financial companies. The revised framework specifies the regulatory criteria for license eligibility and continuity, while clarifying permissible equity structures for operating entities. These amendments standardize compliance requirements across the non-banking financial sector to ensure consistent regulatory oversight.
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