Regulatory Alerts2022-01-01
Added · Updated
Board of Directors Resolution No. 20 of 2022 on Responsible Pricing Guidelines for SME and Microfinance
The Egyptian Financial Regulatory Authority issued Resolution No. 20 of 2022 to establish mandatory responsible pricing guidelines for licensed entities conducting micro, small, and medium enterprise financing. The resolution requires these entities to adopt transparent pricing policies based on qualitative and quantitative factors, ensuring costs reflect actual operational expenses and risk premiums without double-counting. It further mandates strict disclosure mechanisms, including standardized disclosure forms and periodic publications, to enable customers to understand the true cost of credit and compare offers across different providers.
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