Regulatory Alerts2021-01-01
Decision of the Chairman of the Financial Regulatory Authority No. 869 of 2021
The General Authority for Financial Supervision issued Decision No. 869 of 2021 to mandate licensed consumer financing companies in Egypt to adopt two standardized contract models as minimum standards for all client agreements. The decision establishes binding provisions covering financing amounts, return rates, payment methods, early settlement rights, confidentiality obligations, and dispute resolution mechanisms for both single-transaction and multi-transaction financing arrangements. It takes effect the day following publication in the Egyptian Gazette and on the Authority’s website, superseding any conflicting prior regulations.
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