Regulatory Alerts2026-08-20
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Financial Institutions Law 2025
This draft bill establishes the legal framework for the licensing, regulation, and supervision of financial institutions in Somalia by the Central Bank. It defines categories of licenses, prudential rules including capital adequacy and liquidity requirements, and governance standards for directors and senior management. The legislation outlines procedures for administrative actions, penalties, recovery plans, and liquidation processes for non-compliant or insolvent entities.
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