Regulatory Alerts2015-01-01
Decision of the Board of Directors of the Authority No. 89 of 2015 Regarding Official Indicators to be Used in Real Estate Financing Agreements
The Financial Regulatory Authority issued Decision No. 89 of 2015 to mandate that real estate financing agreements with non-fixed installments must calculate installment values in advance using a fixed formula pegged to official indicators. The regulation specifically designates the average bid rate for three-year Treasury bonds, based on the average of the last three tenders, as the primary reference indicator under the Ministry of Finance. This decision supersedes conflicting provisions, takes effect the day after publication in the Egyptian Gazette and on the Authority's website, and was approved by the Board of Directors on August 11, 2015.
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