Regulatory Alerts2020-01-01
Decision No. (205) of 2020 on Reducing Development Fees and Service Charges for Licensed Non-Banking Financial Entities Serving Women
The Financial Regulatory Authority's Board of Directors issued Decision No. (205) of 2020 to reduce development fees and service charges for licensed non-banking financial entities. The reduction applies when 25% or more of an entity's transactions and services are directed toward women, calculated by multiplying the payable fee by 50% and the exact percentage of female-facing transactions. The decision specifies applicable fee reductions for various financial sectors in its annex and takes effect the day after publication in the Egyptian Gazette.
Share