Regulatory Alerts2018-01-01
Added · Updated
Decision No. 53 of 2018 on Licensing Controls and Share Ownership Rules for Non-Banking Financial Companies
The Financial Regulatory Authority issued Decision No. 53 of 2018 to establish comprehensive licensing controls and share ownership regulations for non-banking financial companies. This decree mandates specific criteria for granting and maintaining licenses while imposing strict rules on the acquisition and holding of shares within these entities. The regulation aims to ensure financial stability and proper governance in the non-banking financial sector.
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