Regulatory Alerts2020-01-01
Board Resolution No. 70 of 2020
The Financial Regulatory Authority (FRA) of Egypt issued Board Resolution No. 70 of 2020 to amend the financial solvency standards for licensed factoring companies. The resolution grants these companies a three-year grace period to comply with revised concentration and allocation ratio requirements under Articles 2, 5, and 6, while mandating quarterly compliance reporting to the Authority. The resolution takes effect the day after its publication in the Egyptian Gazette and on the FRA website.
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