Regulatory Alerts2021-01-01
Circular No. 15 of 2021 Regarding Guarantees for Non-Banking Financial Entities
The Financial Regulatory Authority (FRA) issued Circular 15 of 2021 to standardize the guarantees required from non-banking financial companies and entities that provide financing to clients. The directive mandates these regulated entities to establish, maintain, and properly document specific collateral arrangements when extending financial services. Compliance with these guarantee frameworks ensures risk mitigation and operational transparency across Egypt’s non-banking financial sector.
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