Regulatory Alerts2022-01-01
Decision No. (135) of 2022 Regarding the Organization and Competencies of Appeal Committees for Administrative Decisions under the Financial Technology Law (Law No. 5 of 2022) and Appeal Procedures
The Financial Regulatory Authority (FRA) issued Decision No. 135 of 2022 to define the organizational structure and competencies of appeal committees reviewing administrative decisions under the Financial Technology Law (Law No. 5 of 2022). The decision establishes standardized procedures for lodging, examining, and ruling on appeals against regulatory administrative rulings. It provides a clear legal framework for dispute resolution within Egypt’s non-banking financial technology sector, ensuring consistent regulatory oversight.
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