Myanmar issues new guidelines for NBFIs wishing to conduct finance, factoring or leasing


On January 26, 2021, the Central Bank of Myanmar (CBM) published Notification 1/2021 in relation to non-banking financial institutions (NBFIs). This notification, which took immediate effect and has far-reaching implications for NBFI operations in Myanmar, applies to NBFIs wishing to conduct finance company business, leasing business, or factoring business, which are defined in the Financial Institutions Law (2016) (FIL) as follows:


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Posted on Feb 1, 2021
Region: Myanmar
Factoring
Factoring