Regulatory Alerts2018-01-01
Law No. 176 of 2018 Issuing the Law Regulating Financial Leasing and Factoring Activities
The Egyptian Parliament issued Law No. 176 of 2018 to regulate, license, and supervise financial leasing and factoring activities under the exclusive oversight of the Financial Regulatory Authority. The legislation establishes precise legal definitions, contract registration mandates, operational rules for lessors and factors, and grants economic courts jurisdiction over related disputes while repealing prior leasing and factoring regulations. It requires existing market participants to align their operations within six months, standardizes contractual purchase options and fee structures, and integrates these activities into the broader non-banking financial market regulatory framework.
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