Aggregated News From Investment Management Regulators

Egypt

Allowing insurance companies to cooperate with telecom companies and electronic stores to market micro-insurance policies electronically after obtaining the approval of the concerned authorities

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. Dr. Mohamed Farid, Chairman of the Board of Directors of the Financial Regulatory Authority : The decision aims to assist insurance companies in marketing their policies to enhance levels of insurance coverage and protect customers from insured risks The decision includes controls for choosing telecom companies and electronic stores to protect the rights of policyholders The Board of Directors of the Financial Regulatory Authority, headed by Dr. Mohamed Farid, issued Decision No. 292...

Financial control develops the controls governing the management of investment portfolios for insurance companies

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. Amendments to the rules of insurance companies' contracts with portfolio management companies and investment funds Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority: The amendments aim to enable insurance companies to develop their investment structures by contracting with qualified investment managers The decision requires the investment manager to have practical experience of no less than 5 years and a minimum volume of assets under management of EGP 2 billion,...

The Financial Control Authority develops registration rules to facilitate the procedures for capital increases necessary for expansion and business development

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. Authorizing the Extraordinary General Assembly of the Board of Directors to complete the capital increases according to a timetable and to allow the increases to be in tranches with a maximum limit such as the issued capital The amendments include shortening the time frame for all procedures, starting from approving the increase request and ending with its registration Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority : The amendments allow registered companies to issue...

Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, participates in the activities of the CI Capital Investment Conference in the Middle East and...

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. Chairman of the Financial Regulatory Authority: Non-banking financial services play a pivotal role in supporting economic growth due to the variety and innovative financial solutions they provide to all economic entities We aim to automate all the services provided by the Authority, including licensing professionals and companies, to speed up the pace of business completion The development of non-banking financial markets proceeds in parallel with ensuring the stability of markets...

The Prime Minister inspects the Financial Regulatory Authority’s pavilion at the Cairo International Book Fair

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. The Financial Regulatory Authority participates in the activities of the Book Fair for the first time to enhance awareness and culture levels Launching an introductory series called “Know You Benefit” to introduce exhibition visitors to the activities and services of the Non-Banking Financial Authority and how to benefit from them  Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority: The Authority's participation in the Book Fair serves our strategic vision to enhance the...

The Authority issues an introductory series of non-banking financial activities on the occasion of its participation in the Cairo International Book Fair 2023

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. The General Authority for Financial Supervision issued an introductory series of non-banking financial activities subject to the authority’s supervision, on the occasion of the authority’s participation in the Cairo International Book Fair 2023, in its 54th session. An introductory bulletin of the capital market activity A brochure introducing the insurance activity A brochure introducing the real estate financing activity An introductory brochure for the financing activity of medium, small and micro enterprises An introductory brochure for...

FRA meets the party youth coordination delegation to coordinate on strengthening the role of non-banking financial activities in the economy

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. Dr. Mohamed Farid - Chairman of the Financial Regulatory Authority: Our Work Constitution Partnership with all parties and institutions to enhance levels of clarity about how non-bank financial markets operate Developing the legislative framework within the main elements of the frameworks for the development of non-banking financial services adopted by the Authority. Our goal is to develop and stabilize non-banking financial markets and increase its role in supporting the national economy. Digital...

The Financial Supervisory Authority issues controls to regulate subscription to credit insurance policies to enhance levels of financial stability

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. Imposing a compulsory forbearance rate on credit-granting agencies of 25% of the loan value if the risk materializes The decision pushes all parties to more commitment to prepare the required credit studies before issuing the documents Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority: Continuous development of controls regulating the work of insurance companies to achieve financial stability and efficiency The decision requires companies to prepare independent financial accounts for...

The final result of the supplementary elections for the representative of companies registered in the Board of Directors of the Investor Protection Fund

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. The committee formed by the Authority’s Chairman Decision No. (2051) for the year 2022 to supervise the by-elections of the Investor Protection Fund to elect a representative member of companies whose securities or financial instruments are listed on the Egyptian stock exchanges announced that Mr. (Ibrahim Ali Bahaa El-Din Sarhan) won by acclamation. Source link

The Prime Minister meets with the heads of the Financial Regulatory Authority and the Stock Exchange to review developments in the stock market and...

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. Madbouly: We are working on completing the program to expand the ownership base of state-owned companies through the stock market, within the framework of strengthening the role of the private sector Unique: Automating the provision of various non-banking financial services to enhance the levels of financial inclusion and inclusion Al Dokani: Developing and adding new products that diversify investment options for the masses of investors, including financial derivatives Dr. Mostafa Madbouly,...

The Financial Supervisory Authority makes amendments to enhance the effectiveness of the controls for practicing the activity of financing medium, small and micro enterprises

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. The amendments aim to control the financing process to protect the rights of all dealing parties and ensure the achievement of financial stability for non-banking financial activities Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority: The periodic book aims to increase discipline to manage the risks of financing granting operations directed to small, medium and micro enterprises The controls work to ensure the balance of the rights of all parties...

The Financial Supervisory Authority issues a warning regarding the recently monitored promotion and invitations to deal in financial instruments and products in violation of...

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here. The Censorship calls on citizens not to be led by invitations to deal with (subscription through companies that are not authorized to receive funds - encrypted virtual currencies - forex). Within the context of the FRA carrying out its role regarding supervision and oversight of non-banking financial markets and instruments, it has renewed its warning to all citizens not to be led by calls by some individuals and entities through electronic...

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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