Regulatory Alerts2017-01-01
Financial Regulatory Authority Board Decision No. 60 of 2017 Regarding Licensing Companies to Combine More Than One Financial Activity (Financial Leasing, Real Estate Financing, Factoring) and Controls for Practicing Multiple Activities
The Egyptian Financial Regulatory Authority issued Decision No. 60 of 2017 to permit licensed financial companies to simultaneously operate in financial leasing, real estate financing, and factoring, subject to strict capital, governance, and operational controls. The regulation mandates minimum capital thresholds, independent board structures with qualified executives, segregated accounting, and risk limits capping short-term financing at eight times equity and single-client exposure at ten to twenty percent. Applicants must submit comprehensive feasibility studies, audited financials, and organizational charts, with the Authority required to issue a final licensing decision within thirty days of full compliance.
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