Regulatory Alerts2020-01-01
Financial Regulatory Authority Board Decision No. (187) of 2020
The Financial Regulatory Authority (FRA) of Egypt mandates that all companies and entities operating in non-banking financial activities establish and continuously update a customer database segmented by gender, age group, geographic location, and specific ownership/management criteria for women in legal entities. These regulated entities must submit quarterly reports detailing client transactions and the applied segmentation within fifteen days following each reporting period. The decision, approved on December 9, 2020, takes effect the day after its publication in the Egyptian Official Gazette and on the Authority's electronic website.
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