Regulatory Alerts2018-01-01
Added · Updated
Decision No. 155 of 2018 Amending Decision No. 53 of 2018 on Licensing and Share Ownership Rules for Non-Banking Financial Activities
The Financial Regulatory Authority (FRA) issued Decision No. 155 of 2018 to amend Decision No. 53 of 2018 concerning the licensing and share ownership rules for non-banking financial activities. This regulatory update modifies the specific controls governing the issuance and continuation of licenses for companies operating in the non-banking financial sector. The decision establishes revised criteria for share ownership to ensure compliance with the FRA's standards for market integrity and corporate governance.
Topics
Share