2020-01-01
The Financial Regulatory Authority of Egypt extends the deadline for registered insurance and reinsurance brokers to complete their registration renewal procedures by two months from the original expiration date of 24/4/2020. This extension follows the Authority's Instruction No. 11 of 2020, which previously granted insurance brokerage trainees until 22/8/2020 to finalize their registration. The directive aligns with national precautionary measures to mitigate the spread of the Corona virus and addresses ongoing emergency conditions impacting regulatory compliance timelines.
Deputy Chairman of the Authority
Circular No. (15) for the Year 2020
Issued on 18/8/2020
Granting Trainees and Insurance and Reinsurance Brokers an Additional Deadline to Complete Registration/Renewal Procedures
in the Register of Insurance or Reinsurance Brokers
In the context of completing the state's efforts to contain the spread of the (Corona) virus, and in accordance with the decisions of
the Prime Minister to adopt certain precautionary measures to confront the (Corona) virus.
Further to the Authority's Instruction No. 11 of 2020 regarding granting trainees in the field
of insurance brokerage, whose training period has exceeded one year after 15/3/2020, a deadline until
22/8/2020 to complete registration procedures with the Authority's registers.
Given the continuation of the same emergency circumstances and conditions that necessitated the issuance of the aforementioned Instruction,
the Authority has therefore decided to extend the stipulated deadline for insurance or reinsurance brokers registered in the Authority's
registers by two months from the previous period ending on 24/4/2020 to complete renewal registration procedures.
May God protect the country and its people,
Deputy Chairman of the Authority
Dr. / Rida Abdel Motaal
General Authority for Financial Supervision
FINANCIAL REGULATORY AUTHORITY
Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: (00202) 35345350 - Fax: (00202) 35370036
www.FRA.gov.eg
Smart Village, Building 136 - B, Giza, Egypt
Postal Code: 12577
Telephone: +202 35345350 - Fax: +202 35370036
info@fra.gov.eg