Regulatory Alerts2026-01-01
FRA Board of Directors Decision No. (193) of 2018 – (Repealed by Board of Directors Decision No. 54 of 2026)
The General Authority for Financial Supervision (GAFS) issued Decision No. 193 of 2018 to establish the licensing, registration, and operational conditions for legal entities practicing as survey and damage assessment experts or consulting insurance experts in Egypt. The regulation mandates that companies obtain in-principle approval, submit specific incorporation documents, secure 2.5 million EGP annual professional liability insurance, and pay prescribed registration fees of 5,000 EGP and 10,000 EGP respectively. It further outlines procedures for registration cancellation and re-registration, establishes a dedicated regulatory register, and requires existing firms to regularize their status within six months of the decision's approval.
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