Regulatory Alerts2018-01-01
Financial Regulatory Authority Board Decision No. 197 of 2018 Amending Decision No. 163 of 2018 on Factoring Executive Regulations
The Financial Regulatory Authority Board of Directors issued Decision No. 197 of 2018 to amend its 2018 factoring executive regulations by explicitly adding sports club membership fee services to the list of eligible commodities and services for factoring transactions involving end consumers. This amendment operationalizes a specific provision under Article Seven of the original factoring framework to expand permissible underlying assets for consumer debtors. The decision takes effect the day following its publication in the Egyptian Gazette and on the Authority's official website.
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