Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Chairman of the Authority

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Board Resolution No. (14) of 2019 dated 2019/8/28

Regarding the Extension of the Deadline for Aligning the Status of Financial Leasing and Factoring Companies

The Board of Directors of the Financial Regulatory Authority

Having reviewed Law No. (10) of 2009 concerning the regulation of supervision over non-banking financial markets and instruments; Having reviewed the Law regulating the activities of financial leasing and factoring issued by Law No. (176) of 2018; Having reviewed the Statute of the Financial Regulatory Authority issued by Presidential Decree No. (192) of 2009; Having reviewed the Authority's Board Resolution No. (137) of 2018 regarding the conditions for granting and maintaining licenses for financial leasing and factoring companies; Having reviewed the Authority's Board Resolution No. (6) of 2019 regarding the extension of the deadline for aligning the status of financial leasing and factoring companies; And having obtained the approval of the Authority's Board of Directors at its meeting held on 2019/8/28.

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Resolved

(Article One)

The deadline granted to the financial leasing and factoring companies referred to in Article Three of Law No. (176) of 2018 issuing the Law regulating the activities of financial leasing and factoring is extended for an additional three months as of 2019/8/14, in order to align their status.

(Article Two)

This Resolution shall be published in the Egyptian Gazette and on the Authority's website.

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Chairman of the Board of Directors of the Authority

Dr. Mohamed Omran

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Smart Village, Building 137, Giza, Egypt Postal Code: 110 Telephone: +202 25345350 Fax: +202 25370006 WWW.FRA.GOV.EG

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