According to BM.Ge information, the finance sector regulations normally takes effects on January 1, 2019. The regulations would enter force on November 1, 2018.
After consultations with the finance sector, the nation’s Bank of Georgia (NBG) postponed the enforcement date for November 15, however, as per the last information, the regulations will not be employ on November 15.
Specific changes for the NBG standard act remains unknown yet, however, at the beginning of November 2018, the NBG explained that essential technical changes ended up being included in the document.
