2023-06-26

Added 2024-09-21 · Updated 2026-09-12

Circular dated June 26, 2023 regarding coordination with the National Social Insurance Authority regarding pension accounts

The circular instructs bank boards of directors to maintain permanent coordination with the National Social Insurance Authority concerning pension accounts and beneficiaries, as referenced in the January 9, 2018 circular. It mandates strict compliance with Article 297 of the Executive Regulations of Law No. 148 of 2019 on Social Insurance and Pensions. Banks are required to notify the Authority of these accounts and take necessary measures to ensure adherence to these regulatory obligations.

Egypt

Central Bank of Egypt

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Cairo: June 26, 2023

Dear Mr. Chairman,

Greetings,

Further to the circular letter issued on January 9, 2018, regarding the monitoring of pension accounts and their beneficiaries, please kindly take the necessary steps to coordinate permanently with the National Social Insurance Authority regarding these accounts and to notify them thereof. I also wish to emphasize taking the necessary steps to comply with what is stipulated in Article (297) of the Executive Regulations of the Social Insurance and Pensions Law issued by Law No. 148 of 2019.

Please be so kind as to alert relevant parties to take the necessary action in this regard.

Accept my highest regards,

Gamal Naguib

Source: Central Bank of Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works