Regulatory Alerts2014-01-01
Law No. 141 of 2014 Regulating the Activity of Financing Medium, Small, and Micro Enterprises (Updated 2022)
The General Authority for Financial Supervision (GAFS) regulates the financing of medium, small, and micro enterprises through licensed companies and non-governmental organizations under Law No. 141 of 2014, as amended. The law establishes strict capital, governance, and operational requirements for licensees while granting GAFS broad supervisory powers to enforce compliance and protect market stability. It also creates a specialized independent unit within GAFS to oversee non-governmental entities and ensures uniform regulatory standards across all financing activities.
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