Regulatory Alerts2022-01-01
Board of Directors Resolution No. (9) for the Year 2022
The Financial Regulatory Authority (FRA) issued Board of Directors Resolution No. 9 of 2022 to amend its previous licensing framework under Resolution No. 53 of 2018. This resolution updates the regulatory requirements for granting and maintaining operational licenses for non-banking financial companies. It simultaneously introduces revised share ownership rules that govern equity holdings and control thresholds for these regulated entities.
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