Regulatory Alerts2023-01-01
Decision of the Board of Directors of the Authority No. 82 of 2023
The General Authority for Financial Supervision issued Decision No. 82 of 2023 to amend the financial solvency standards for consumer financing companies. The decision replaces the risk-weighted assets calculation table in Article 1 of Decision No. 101 of 2020, introducing updated risk weights ranging from 0% for cash and government securities to 200% for irregular consumer cash financing delayed over 30 days. This regulatory update takes effect the day after its publication in the Egyptian Gazette and on the Authority’s website.
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