Regulatory Alerts2020-01-01
Decision of the Board of Directors of the Authority No. 205 of 2020 on Reducing Development Fees and Service Charges for Licensed Non-Banking Financial Entities Serving Women
The General Authority for Financial Supervision issued Decision No. 205 of 2020 to reduce development fees and service charges for licensed non-banking financial entities. The reduction applies to companies and organizations directing at least 25% of their dealings and services toward women, calculated as a 50% discount on the applicable fee multiplied by the percentage of female-oriented transactions. This measure takes effect the day after publication in the Egyptian Gazette and the Authority's website, with specific fee exemptions detailed in the attached annex for various financial sectors.
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