Article One
| No: 713300000099 | Date(g): 3/10/2019 | Date(h): 4/2/1441 | Status: In-Force |
Translated Document
Effective from 2019-10-03 - Oct 02 2019
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- The terms and phrases mentioned in these rules shall have the meanings set out in the Finance Companies Control Law and its Implementing Regulations.
- For the purpose of applying the provisions of these rules: the following terms and phrases, wherever they appear in these rules, shall have the meanings assigned to each of them unless the context requires otherwise:
The Rules: The Rules of Engaging in Microfinance Activity.
Central Bank Instructions: Includes any regulations, rules, instructions, or circulars issued by the Central Bank.
Microfinance Company: The company that Finances the production activates and assets of small business owners, crafts people and the like, and which is licensed to engage in this activity under the Finance Companies Control Law, its Implementing Regulations, and the rules and instructions issued by the Central Bank.