Regulatory Alerts2019-01-01
Decision No. 67 of 2019 Regarding Financial Leasing and Factoring Contract Models
The Financial Regulatory Authority of Egypt issued Decision No. 67 of 2019 to mandate the use of standardized models for financial leasing and factoring contracts. The decision requires financing companies to adhere to minimum data specifications outlined in the attached templates when drafting these agreements and stipulates that the contracts be published in the Egyptian Gazette and on the Authority's website upon issuance. It further establishes the legal framework, rights, obligations, termination conditions, and dispute resolution mechanisms for both financial leasing and factoring arrangements to ensure regulatory compliance and market transparency.
Share