Regulatory Alerts2022-01-01
General Authority for Financial Supervision Board of Directors Resolution No. (161) of 2022
The General Authority for Financial Supervision issued Resolution No. 161 of 2022 to amend four prior Board resolutions governing financial solvency standards for licensed real estate financing, financial leasing, factoring, and consumer financing companies. The resolution mandates that these licensed entities must maintain their prescribed financial solvency ratios "at all times," as specified in Article 1 of the attached standards. This amendment takes effect from the day following its publication in The Egyptian Gazette and on the Authority's official website.
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