Regulatory Alerts2019-01-01
Circular Letter No. (6) for the Year 2019
The Financial Regulatory Authority (FRA) issued Circular Letter No. 6 of 2019 to enforce consumer protection guidelines for companies operating in financial leasing, real estate financing, and factoring. The directive mandates these entities to prominently display the FRA’s Consumer Protection Guide on their websites and social media, clearly reference it in all financial service documents, provide clients with printed awareness brochures upon financing product delivery, and install standardized informational boards at all customer-facing locations. These measures aim to ensure full transparency regarding client rights and obligations within Egypt’s non-banking financial sector.
Share