_1777352244987_250242181.png&w=48&q=75){kind=small}
Non-banking funders extend 6-month grace period
The Board of the General Authority for Financial Supervision, headed by Dr. Islam Ezzam, has extended the deadline for companies and entities operating in non-banking financing activities by an additional six months. This extension allows them time to comply with the new regulations. After the deadline expires, dealing with collection companies that are not registered in the registry approved by the Authority to regulate the activity of collecting financial dues will be prohibited. This measure aims to strengthen oversight over the non-banking finance sector.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)