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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Home / Uncategorized Board of Directors Resolution No. (9) for the Year 2022
Board of Directors Resolution No. (9) for the Year 2022
Regarding the amendment of Board of Directors Resolution No. (53) for 2018 concerning the regulations for granting and maintaining licenses, and the share ownership rules of companies operating in non-banking financial activities.
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