Regulatory Alerts2020-01-01
Board of Directors Decision No. 65 of 2020 Amending Decision No. 53 of 2018 on Licensing, Renewal, and Share Ownership Rules for Non-Banking Financial Activities
The Financial Regulatory Authority's Board of Directors issued Decision No. 65 of 2020 to amend Decision No. 53 of 2018 concerning licensing, renewal, and share ownership regulations for non-banking financial companies. The amendment specifically repeals the exception clause in Article Twelve that previously excluded Item No. 2 of Article Three. This decision becomes legally binding the day after its publication in the Egyptian Official Gazette and on the Authority's official website.
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