-        Service description:

Approval of the appointment of a compliance unit officer at the exchange institutions (companies and offices), as per one of the two decisions No. (153/M.C) Dated 24/1/2012 _ or Decisions No. (797/M.C) Dated 28/5/2012.

-        Service documents:

-        A Letter from the institution.

A letter from the institution stating the appointment of a compliance unit officer who meets the conditions and qualifications specified in the aforementioned decision/s, attached thereto:

1.     * A certified copy of the candidate’s academic qualifications (a university degree in one of the financial, economic, or legal fields)

2.     A statement from the institution confirming that the Compliance Unit Officer is dedicated to fulfilling the duties of this unit without holding any other functional or administrative position within the institution.

3.     * A statement listing the names of the employees who have been appointed to this unit and their current job titles within the company.

-        Requirements:

A Letter to the relevant institution stating the approval of the appointment.

-        Service Classification:

Citizens

-        Service description

 Approval of share waiver.

Service documents:

1.     A dated and signed letter by the company.

2.     A duly dated and signed letter by the company requesting the approval of the waiver, attached thereto:

A.     Letter dated and signed by the shareholder wishing to waiver their shares (the seller).

B.     Letter dated and signed by the shareholder/other party wishing to purchase the shares (buyer)

3.     * Identity verification documents of the contract parties.

- Requirements:

A duly certified copy of the contract of waiver and the accordingly updated shareholder register, reflecting the changes made after the approval decision by the Management Committee.

-        Service Classification:

Citizens

-        Service description:

Approval for the cancellation of a branch registered with the Exchange Companies Registers.

-        Service documents:

-        Dated and signed letter by the company: A dated and singed letter by the company stating the request for approval to cancel the branch, clarifying the reasons and the justifications accordingly.

-        Minutes of meeting: Minutes of meeting of the board of directors indicating the approval of the termination of the branch.

-        Requirements:

Issuance of a decision by the Management Committee approving the cancellation of the branch and its deletion from the register.

-        Service classifications:

   Citizens.

-        Service documents:

1.     Insurance Application: Requesting the company to insure and equip the premises according to the requirements of the Central Bank of Syria specified in the approved inspection report form pursuant to Decision No. (269/M.C) dated 10/4/2001 and amended by Decision No. (825/M.C) dated 7/3/2012.

2.     Branch Information: Phone and fax numbers. Name of the branch manager.

3.     Authorization letter: Authorization from the board of directors to the branch manager to sign on behalf of the company.

4.     Branch Commencement of Work: The expected date for the branch to commence work.

5.     Insurance contract: An insurance policy for cash and fixed assets in the branch.

6.     Notice of payment: Notice of payment of 50,000 Syrian pounds registration expenses.

7.     Company Premises Inspection: Inspection of the premises to ensure that all requirements of the Central Bank of Syria for premises dedicated to the money exchange profession are met.

-        Requirements:

Issuance of a decision by the Management Committee approving the registration of the branch in the Exchange Companies Register, granting it the authorization to operate, and notifying the company of the decision.

-        Service classifications:

 Citizens.

-        Service Description:

Approval for the appointment of a general manager for the joint-stock exchange company/office.

-        Service Documents:

1.     Dated and signed letter by the company: Dated and signed letter by the company requesting approval for the appointment of the proposed manager, accompanied by:

ü  board of directors/ partners assembly decision (whichever applies) on the appointment.

ü  Curriculum Vitae (CV): A comprehensive CV of the proposed manager, highlighting their educational qualifications and professional experience.

ü  Personal Identification Document.

ü  Duly certified criminal record extract.

ü  Proof of residence.

ü  Non-public servant status document.

-        Requirements:

A letter addressed to the company informing them of the approval for the appointment of the general manager/office manager

-        Service Classifications:

 Citizens.

-        Service Description:

Granting approval for exchange companies to enter into contracts with Syrian domestic money transfer companies in accordance with the provisions of Decision No. (1740/M.C) Dated 28/11/2011.

-        Service Description:

Granting approval for operating joint-stock exchange companies to enter into contracts with Arab and foreign companies that own global money transfer networks or with their agents in accordance with the provisions of Decision No.(48/M.C) dated /6/1/2010, and its amendments, and Decision No.(1739/M.C) Dated 28/11/2011.

-        Service Documents:

1.     Dated and signed letter by the company: A dated and signed letter by the company requesting approval of the company’s contracts with a global money transfer network.

2.     Commercial Register: A commercial register of the foreign or Arab company, duly certified and translated into Arabic by a sworn translator in Syria, accompanied by the locations of the company’s branches around the world.

3.     Conformation of the agency of the specified company: A conformation of the foreign or Arab company’s agency if the contracts were made through the agent of the company that owns the money transfer network.

4.     Draft contract: A draft contract before signature.

-        Requirements:

Issuance of a decision by the Management Committee approving the contract.

-        Service Classifications:

Citizens

-        Service Description:

Approval of contracts between operating joint-stock exchange companies and foreign exchange and money transfer companies under the provisions of Decision No.(1741/M.C) dated 28/11/2011.

-        Service Documents:

Draft contract: A draft contract before signature.

-        Requirements:

A decision by the management committee approving the contract.

-        Service classifications:

Citizens

-        Service Description:

Approval for opening branches for joint-stock exchange companies, in accordance with the procedures specified in Decision No. (920/M.C) Dated 22/8/2007, and amended by Decision No.(28/M.C) Dated 8/1/2008.

-        Service Documents:

Opening application: Duly dated and singed opening application to open a company’s branch, accompanied by an economic feasibility study for the branch opening.

-        Service Fees:

Registration expenses: 50,000 Syrian pounds registration expenses.

-        Service Classifications:

Citizens