FRA’s registry for valuation and advisory firms now in full swing

The Financial Regulatory Authority’s (FRA) decision to establish a registry for financial advisory firms came into full effect yesterday after it was published in the Official Gazette, Al Shorouk reports. The new regulations, which were issued by the FRA in late July, require firms that conduct financial valuations and fair value studies, to register with FRA and update their data every three years. If they are found to be in violation of any laws, companies will be removed from the registry and risk losing their operating licenses.