Regulatory Alerts2013-01-01
Regulation No. 2 of 2013 Regarding Brokerage and Portfolio Management Companies
The Financial Regulatory Authority issued Regulation No. 2 of 2013 to establish comprehensive licensing and operational standards for brokerage firms and portfolio management companies. The directive mandates strict capital adequacy, corporate governance frameworks, and risk management protocols to ensure market stability and investor protection. It further outlines compliance obligations, reporting requirements, and supervisory powers to oversee the continuous operations of these financial intermediaries.
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