Aggregated News From Investment Management Regulators

Launching the first remote training program for damage assessment experts – Monday 27/4/2020

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• Ramadan: Holding training programs for all professions associated with non-banking financial activities has become a permanent and continuous approach adopted by the Financial Services Institute (FSI)

Mr. Hisham Ramadan, Executive Director of the Financial Services Institute, stressed on the necessity of  providing  distance learning service and resuming training programs that must be passed by  professionals operating in the non-banking financial sector, while avoiding the attendance of trainees to the training halls at FRA’s headquarters or governorates to reduce the impact of the Coronavirus.

The Institute’s Executive Director said that the virtual training session was held for damage assessment experts – electronically – through the information network for three days. He added that the Institute has committed itself to implement the precautionary measures set by FRA which are in line with the State’s procedures to reduce and prevent the spread of the Coronavirus.

Ramadan revealed that the Institute has coordinated with the competent Department at FRA to hold the exams for insurance intermediaries – which are held to be listed for the first time or renewing listing at FRA’s registry – remotely. He asserted that necessary controls shall be set to ensure their effectiveness, especially as nearly 13,000 insurance intermediaries represent the Institute’s largest training segment.

Ramadan also pointed out that the institute would continue to offer its training programs remotely regardless of the current circumstances, especially for those in different governorates. He called upon professionals who want to apply for training courses to submit their requests by e-mail to  [email protected]

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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