FRA introduces new regulations for non-banking financial institutions under its supervision
The Board of Directors of the Financial Regulatory Authority (FRA), headed by Mohamed Farid, has issued new regulations aimed at regulating the operations of non-banking financial institutions under its supervision. One of the key decisions is Decision No. 256 of
FRA forms advisory group to support oversight committee on carbon emission reduction
The Financial Regulatory Authority (FRA) has announced the formation of an advisory group to assist the Oversight and Supervision Committee for Carbon Emission Reduction Units. The group will provide expert technical advice on key areas related to the committee’s responsibilities,
FRA introduces new rules for securities not listed on EGX
The Board of Directors of the Financial Regulatory Authority (FRA), led by Mohamed Farid, has issued Decision No. 303 of 2024, amending the rules for handling securities not listed on the Egyptian Exchange (EGX). This decision updates the FRA’s previous
Legislative, regulatory overhaul to enhance insurance’s role in Egypt’s economy: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), engaged in a broad and insightful conversation with the Insurance Committee of the American Chamber of Commerce, discussing the FRA’s strategy and its comprehensive policies designed to elevate the insurance sector’s
Non-banking financing reaches EGP 718bn in 10M 2024
Recent data from the Financial Regulatory Authority (FRA) reveals that non-banking financing activities in Egypt have reached EGP 718bn in the first 10 months of 2024. This figure encompasses financing provided through entities under FRA supervision, including capital market activities
Financial regulation backs entrepreneurship, says Egypt’s FRA Chairperson
The Financial Regulatory Authority (FRA) is actively supporting entrepreneurship in Egypt through regulatory changes designed to foster growth in the non-banking financial sector, Chairperson Mohamed Farid announced at an event Tuesday. The announcement was made during a meeting hosted by
Corporate, institutional financing for MSMEs jumps to EGP 71.3bn in September 2024
Corporate and institutional financing for Micro, Small, and Medium Enterprises (MSMEs) totaled EGP 71.321bn for 3.759 million customers in September 2024, up from EGP 49.653bn for 3.824 million customers in September 2023. The Financial Regulatory Authority (FRA) reported that the
NUCA issues securitization bonds exceeding EGP 40bn: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has highlighted the importance of securitization mechanisms for real estate companies, citing the New Urban Communities Authority (NUCA) as an example. He revealed that NUCA had issued securitization bonds exceeding EGP
FRA establishes quality, qehavioral standards for registered auditors
The Financial Regulatgory Authority (FRA), chaired by Mohamed Farid, issued Resolution No. 174 and 175 of 2024 regarding the development of quality and behavioral rules for the work of auditors registered in the Authority’s records. This is within the framework
Qualified entities for NBFC licences must have data protection systems: FRA
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and Ibrahim Sarhan, Chairperson of e-finance, have participated in a panel discussion at the 28th Cairo International Exhibition for Communications and Information Technology (Cairo ICT). Farid said that the Authority