Regulatory Alerts2021-01-01
FRA Decision No. 107 of 2021 Regarding Disclosure Requirements for Non-Banking Financial Activities (Updated 2022)
The Financial Regulatory Authority issued Decision No. 107 of 2021, updated in 2022, mandating specific environmental, social, and governance (ESG) and climate-related financial disclosure requirements for non-banking financial companies. The regulation requires companies with capital or net equity of at least 100 million EGP to disclose ESG practices, while those exceeding 500 million EGP must additionally report on the financial impacts of climate change. Companies are granted a compliance deadline aligned with the 2022 financial year reporting and must submit quarterly updates on their disclosure measures starting January 1, 2022.
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