Regulatory Alerts2022-01-01
Circular Letter No. 5 of 2022: Regulatory Framework for Non-Banking Financial Activities
The Egyptian Financial Regulatory Authority issued Circular Letter No. 5 of 2022 to define the mandatory legal and regulatory knowledge required for key positions in non-banking financial companies. The document details specific laws, executive regulations, and board decisions applicable to roles such as Managing Directors, Internal Auditors, and Compliance Officers across capital markets, insurance, and specialized funds. It serves as a comprehensive compliance guide ensuring personnel possess the necessary expertise in financial governance, anti-money laundering, and operational procedures.
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