Regulatory Alerts2020-01-01
Financial Regulatory Authority Board of Directors Decision No. (85) of 2020
The Financial Regulatory Authority Board of Directors issued Decision No. (85) of 2020 to amend Decision No. (23) of 2014 by replacing Article 27 with a structured disciplinary framework for insurance brokers who violate regulatory rules. The revised article empowers the Authority to impose escalating sanctions, including formal warnings, work suspensions of up to one year, temporary deregistration for one to three years, or permanent deregistration. Approved on July 3, 2020, the decision takes effect the day following its publication in the Egyptian Gazette and on the Authority's official website.
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