Regulatory Alerts2018-01-01
Board of Directors Decision No. (80) of 2018
The Financial Regulatory Authority (FRA) issued Decision No. 80 of 2018 to regulate how venture capital companies can finance financial leasing contracts with targeted companies and projects. The decision permits venture capital firms to fund these leasing agreements through sub-leasing contracts, restricting the financial leasing company's role to collecting installments and acting as a collateral agent while establishing direct payment obligations from the lessee to the venture capital firm without recourse. This regulatory framework officially took effect the day after its publication in the Egyptian Gazette and on the FRA's website.
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