Regulatory Alerts2019-01-01
Decision No. (60) of 2019 Implementing Board Decision No. (106) of 2018 on Registration, Renewal, and Deletion Conditions for Non-Banking Corporate Agents
The Financial Regulatory Authority (FRA) issued Decision No. 60 of 2019 to amend the registration, renewal, and deletion conditions for agents of corporate institutions operating in non-banking activities. The amendment mandates that the draft performance contract and the company's articles of association must be submitted using the Authority's standardized model and certified by a lawyer registered with the Egyptian Bar Association. This decision was approved by the FRA Board of Directors on April 30, 2019, and takes effect the day after its publication in the Egyptian Gazette and on the Authority's website.
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