Regulatory Alerts2020-01-01
Decision No. 132 of 2020 on Expanding Consumer Financing Services
The Financial Regulatory Authority (FRA) issued Decision No. 132 of 2020 to formally expand the regulatory framework governing consumer financing companies in Egypt. The decree adds specific new financial services to the official list of activities subject to consumer financing licensing and oversight. This amendment ensures that emerging credit products fall under standardized prudential rules while enabling licensed firms to legally offer a broader range of consumer financing solutions.
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