Regulatory Alerts2016-09-27
Added · Updated
Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2016
The Financial Services Commission has amended the 2008 Consolidated Licensing and Fees Rules by inserting a new licensing category for Funeral Scheme Management into the First Schedule. This change establishes specific fee requirements of Rs 25,000 and Rs 50,000 for the newly classified activity. The updated regulations officially commence on 1 October 2016, directly applying to all relevant financial service providers.
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