Regulatory Alerts2020-01-01
Decision of the Board of Directors of the Authority No. (96) of 2020
The General Authority for Financial Supervision issued Decision No. 96 of 2020 to amend the internal governance regulations for real estate financing companies. The decision mandates that these companies establish an Audit Committee and a Risk Committee, each consisting of at least three non-executive or independent members with demonstrated financial and risk management expertise. Existing firms must align their board structures with these requirements by December 31, 2020, following the decision's publication in the Egyptian Gazette.
Share