Regulatory Alerts2019-01-01
Decision No. 82 of 2019 Amending Administrative Council Decision No. (7) of 2019 on Rules for Licensed Financial Leasing and Factoring Companies
The Financial Regulatory Authority (FRA) issued Decision No. 82 of 2019 to amend Administrative Council Decision No. (7) of 2019, establishing updated rules and regulations for licensed financial leasing and factoring companies. This regulatory update clarifies the operational framework governing these licensed entities, ensuring compliance with current financial standards. The decision directly impacts existing and prospective leasing and factoring firms by formalizing the regulatory requirements necessary for their continued market operations.
Share