Act 2020 status not recorded
Loi n° 2020-011 sur la loi bancaire (Law 2020-011 on the banking law)
Plain-English summary
Sets the conditions for providing banking services and the supervision of providers. It groups credit institutions into categories, brings e-money and currency exchange providers within its scope, and covers licensing, prudential rules, crisis prevention, resolution and sanctions. Both chambers adopted it on 2 July 2020; the text cites a Constitutional High Court decision of 31 August 2020 but gives no promulgation date.
Who it applies to
Banking · NBFC / Non-bank Lending · Payments & Fintech
Topics
Prudential & Capital Conduct & Consumer Protection AML / CFT / Sanctions
Latest news
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RBI penalizes Ola Financial Services for KYC compliance failures
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