Regulatory Alerts2019-01-01
Chairman's Decision No. (169) for the Year 2019
The Financial Regulatory Authority (FRA) of Egypt issued Chairman's Decision No. 169 of 2019 to formally approve the signing of articles of association for twenty-eight Egyptian joint stock companies licensed to conduct financial leasing and eight companies licensed for factoring. This decision operationalizes the incorporation of these entities under Law No. 176 of 2018 on Financial Leasing and Factoring, ensuring compliance with the Authority's licensing framework and previously granted deadline extensions. The decision takes immediate effect upon publication on the Authority's website and directs competent departments to implement its provisions accordingly.
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