Book traversal links for Article (103): Maximum Limits of Operations
Article (103): Maximum Limits of Operations
Fed Law 14/2018 Issued on 1/10/2018The Central Bank may set maximum limits to which deposit-taking Licensed Financial Institutions shall adhere to in their operations, which include the following:
1) The maximum amount of total deduction operations or loans and advances the Licensed Financial Institution is allowed to conduct, as of a certain date.
2) The maximum amount the Licensed Financial Institution may lend to a single Person, relative to the Person’s own funds.
3) Any other limits the Central Bank may determine.