Regulatory Alerts2018-01-01
Financial Regulatory Authority Board of Directors Resolution No. (132) of 2018 Regarding the Amendment of the Provisions of the Authority's Board of Directors Resolution No. (171) of 2014
The Financial Regulatory Authority (FRA) of Egypt issued Resolution No. 132 of 2018 to amend its previous Resolution No. 171 of 2014 concerning service fees for microfinance entities. The amendment specifically mandates the removal of the term "interim" from Items 1 of Articles 1 and 2 of the referenced 2014 resolution, effectively finalizing the applicable fee structure. Approved by the FRA Board of Directors on July 30, 2018, the resolution takes effect the day after its publication in the Egyptian Gazette and on the Authority's official website.
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