Regulatory Alerts2014-01-01
Board of Directors Decision No. 158 of 2014
The Financial Regulatory Authority issued Board Decision No. 158 of 2014 to regulate microfinance activities in compliance with Law No. 141 of 2014. The decision mandates that licensed entities restrict financing exclusively to income-generating productive, service, and commercial sectors, explicitly prohibiting consumer financing while capping individual loans at 100,000 Egyptian pounds. It further outlines permissible economic sectors, requires borrower co-participation in project efforts or funding, and establishes the decision's publication and effective date.
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