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Wednesday, 13 March 2019

House agrees to gov’t-proposed amendments to FRA regs for non-banking services

The House of Representatives’ general assembly agreed yesterday to government-proposed amendments to the Financial Regulatory Authority (FRA)'s regulations of non-banking financial markets and instruments, Ahram Gate reported. The amendments include scrapping the FRA's right to deposit fine proceeds in a separate account, a move hoped to increase inflows into the state budget.

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