Regulatory Alerts2020-01-01
Decision of the Board of Directors of the Authority No. 114 of 2020
The General Authority for Financial Supervision issued Decision No. 114 of 2020 to formally designate specific goods and services subject to consumer financing activities regulated under Law No. 18 of 2020. The decree explicitly lists nine categories of eligible goods, including furniture, clothing, medical supplies, food, and vehicle spare parts, alongside four categories of eligible services such as vehicle maintenance, appliance repair, home finishing, and residential renewable energy solutions. This regulation takes effect the day after its publication in the Egyptian Official Gazette and on the Authority’s website, thereby expanding the permissible scope of consumer financing provided by licensed financing companies.
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