FRA Decree Amendment On Disclosure Requirements Exemption

On August 9, 2023, the Financial Regulatory Authority (the "FRA") issued Decree No. 167 of 2023 (the "Amendment"), whereas this Decree amended a provision of the FRA Decree No. 100 of 2020 (the "Decree"), which outlines the corporate governance rules applicable to companies operating in the field of non-banking financial activities (the "Non-banking Financial Activities Companies").

The Decree presents a set of corporate governance rules, of which some regulate the Transparency and Disclosure Requirements of the Non-banking Financial Activities Companies, to which such companies are required to adhere:

• Disclose any material event that affects its activities and third parties dealing with the said companies.