Regulatory Alerts2019-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. (105) of 2019 dated 2019/8/4
The Financial Regulatory Authority (FRA) issued Decision No. 105 of 2019 to amend Decision No. 14 of 2015 regarding fees for marketing insurance products through licensed banks, the Egyptian National Post, and the General Authority of Nasser Social Bank. The amended regulation mandates that supervised insurance companies pay a fixed fee of 15,000 Egyptian pounds per application for marketing approval, plus a 5,000 Egyptian pounds fee for any branch-specific amendments to previously granted approvals. This decision takes effect upon publication in the Egyptian Gazette and on the FRA's official website.
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