Aggregated News From Investment Management Regulators

Another three-month grace period for financial leasing and factoring companies to legalize its business – Sunday 1/9/2019

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Dr. Mohammed Omran – FRA’s Chairman announces the issuance of FRA’s BOD decision that grant companies subjected to the provisions of Financial Leasing and Factoring Law No. (176) of 2018 another three-month grace period to legalize its business starting from 14/8/2019.

FRA’s Chairman emphasized that 31 financial leasing companies legalized its business. Meanwhile, other 15 companies are taking the necessary procedures to legalize its business. On the other hand, eight factoring companies legalized its business and one company is about to legalize its business.

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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