Regulatory Alerts2015-01-01
Decision of the Board of Directors of the Authority No. (87) of 2015
The General Authority for Financial Supervision mandates all real estate financing companies to establish and implement comprehensive internal regulations covering governance, risk management, credit policies, IT infrastructure, and customer complaint handling. The decision specifies minimum requirements for board authorities, organizational structure, collateral valuation, debt provisioning, and cash handling, while requiring full compliance within three months of issuance. It further outlines reporting obligations, internal control standards, and data security protocols, with immediate effect upon publication in the Egyptian Gazette and the Authority's website.
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