Entities operating in microfinancing activity in Egypt increased to 1,026 by the end of March 2022: FRA
30 companies are engaging in factoring activities and 16 companies hold a license to practice real estate financing
Latest in Tag: The Financial Regulatory Authority Highlight
Latest in Tag: The Financial Regulatory Authority
FRA is working on developing credit rating system for unbanked categories
Authority aims to issue regulations governing establishment of financial technology companies this week: Assistant Chairperson
FRA adds funding insurance premiums to consumer finance activities
Decision also includes membership fees for sports clubs
Egypt’s FRA sets controls on board formation at depository, central registry companies
Community dialogue to discuss ownership structure of futures exchanges, companies of central registry and depositary operating in futures contracts
FRA to launch Egypt’s first actuarial table for life insurance industry
Egyptian insurance companies reported EGP 35.2bn in total premiums in June 2019
FRA to approve securitisation bonds worth EGP 500m
Securitisation bond issuances expected to reach EGP 20bn before year-end, says Abdel Fadil
FRA launches guide for “Empowering Women” application
The video guide presents both an overview of the application and the steps women should take to register. It also explains the privileges that female applicants obtain by using the application.
FRA introduces new type of investment funds specialised in transferred financial values
Transferred financial value funds provide financing for all financing companies, says Omran
FRA regulates private equity funds’ practicing of specialised activities
These sectors cover the industrial and agricultural development and related marketing activities, as well as complementary products and services.
FRA launches database mobile app of qualified female professionals for leadership roles
Senior business executives at major institutions to decide registration requests for database without FRA interference, says Omran
FRA suspends insurance brokerage licensing for 12 months
Study finds oversupply of companies licensed in insurance brokerage activity relative to the market’s needs
FRA maintains IOSCO membership for fourth consecutive session
FRA Chairperson Mohamed Omran expressed his pleasure at the election results announced by the IOSCO General Secretariat.
FRA accepts MCDR Chairperson’s resignation
Abdel Salam had submitted his resignation to FRA Chairperson Mohamed Omran on Tuesday. The resignation is effective as of 18 May, when the MCDR’s general assembly comes to an end.
FRA advises NBFCs to adopt e-system as precautionary measure against COVID-19
Prime Minister Moustafa Madbouly has temporarily suspended all activities that require large gatherings or movement in large numbers between governorates.
FRA approves amendments to Capital Market Law to ease regulation of real estate funds
The amendments would allow more flexibility in the funds’ investment policies by solving some problems faced in this type of funds. The suggested amendments were discussed in community dialogue sessions managed by the FRA with such funds’ representatives.
FRA announces excluded candidates in MCDR election
The authority has also excluded Safwat Abdel Moneim for not meeting the conditions required for running the election, as it was revealed that he currently works as a branch head of Mubasher Trade since May 2017. Mubasher is a shareholding company of MCDR.
FRA moves to reduce fees on EGX transactions by 41%
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
FRA sets plan for non-banking financial sector to implement state strategy for digital transformation
FRA determines six phases to implement plan
FRA aims to increase micro funding beneficiaries to 4 million with EGP 15bn funding in 2022
Conference of HC Securities demands cooperation with banks to facilitate real estate funding
FRA approves securitisation bonds worth EGP 1.1bn
The Financial Regulatory Authority (FRA) approved the 7th issuance of securitisation bonds by the Egyptian Securitisation Company for the amount of about EGP 1.1bn. These bonds are considered one the biggest bond issuances in the Egyptian market. Moreover, the bonds are backed by the portfolio of Corporate Leasing Company Egypt S.A.E. (CorpLease). Furthermore, Commercial International …
FRA greenlights establishing 8 holding companies 24 hours after completion of required documents
Rapid approvals implementation of Investment Law, says Osool branch manager
FRA issues formal warning on dealing in cryptocurrencies
Expansion of Bitcoin threatens trading volume on EGX, national economy: Prime CEO
Approvals of issuing shares amounted to 4,044 during first 10 months of 2017: FRA
These rates are expected to increase in 2018 on economic reform, governmental IPOs, say market experts