- 01st - March, 2023
Prakas on Real Estate Service Business
The Non-Banking Financial Services Authority (NBFSA) issued the Prakas on Real Estate Service Business No. 64 on 27th December 2022.
According to the Prakas, the regulatory authority for real estate-related services has been changed from the Ministry of Economy and Finance to the Pawnshop Regulator (RPR) under NBFSA, and the requirements and validity period of license/certificate (reduced from 3 years to 1 year) have been changed. In addition, the contribution system has started, whereby the holder of a license/certificate is required to make an annual contribution in the amount specified in the Prakas to RPR.