Regulatory Alerts2022-01-01
Financial Regulatory Authority Board of Directors Decision No. (25) of 2022
The Financial Regulatory Authority Board of Directors issued Decision No. 25 of 2022, amending Decision No. 53 of 2018 to update licensing and share transfer regulations for non-banking financial companies. The amendment inserts a final paragraph into Article Eight, mandating that all operating companies secure prior Authority or Board approval before conducting due diligence investigations, strictly following the prescribed form. Approved on February 20, 2022, the decision was published in the Egyptian Gazette and on official websites, taking effect the day after issuance.
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