From CFO By Vincent Ryan September 23, 2014 In July, small business and middle market lender...
Regulation No. 9 Concerning Saving and Lending Activities of Cooperative
(enacted in 1995)
Regulation No. 9 Concerning Saving and Lending Activities of Cooperatives provides that cooperatives may provide credit through savings mobilization from members, from other cooperatives and their members, and other institutions. Cooperatives may also issue securities but they are prohibited from providing insurance and foreign exchange services.
DISCLAIMER: Due to the fact that an English translation was unavailable for these regulations, information for this summary has been taken from the secondary sources and not from review of the actual legal text.