Decision of the Board of Directors of the Authority No. (14) of 2015 (Updated in 2024)

The Financial Regulatory Authority (FRA) Board of Directors issued Decision No. (14) of 2015, as amended in 2024, to establish the official fee structure for reviewing and studying insurance companies' applications to market insurance products through licensed banks, postal authorities, social banks, and telecommunications companies. The decision mandates that applicants must meet specific insurance requirements and pay the designated examination and study fees according to the attached schedule, with payments directed to the Authority's official account. These provisions are enforced under the regulatory framework of Laws No. 10 of 1981, No. 10 of 2009, No. 43 of 2013, and No. 18 of 2014, alongside subsequent amendments through 2024.

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Decision of the Board of Directors of the Authority No. (14) of 2015 dated 2015/3/11 Regarding the fee for examination and study services of insurance companies' applications to market their insurance products through banks licensed by the Central Bank of Egypt, the National Postal Authority, the General Authority for Nassr Social Bank, or telecommunications companies, according to the latest amendment dated 2024/3/6

Board of Directors of the Financial Regulatory Authority After reviewing the laws mentioned in the preamble, including Law No. 10 of 1981, and the laws specified below: Law No. 10 of 2009; Law No. 43 of 2013 regarding the establishment of the Financial Regulatory Authority; Law No. 18 of 2014 regarding the establishment of the National Authority for Remote Sensing and Space Sciences; the aforementioned law amended on 2015/1/5; and the aforementioned law amended on 2015/3/11,

DECIDES:
The Authority shall organize the fee for the services it provides for examining and studying applications of insurance companies to market their insurance products through banks, as follows:

1. It is required that the applicant be insured.
1. The applicant shall pay the examination and study service fee according to the attached schedule.
  The fee shall be paid to the Authority's account, and the provisions of Article 2 shall apply to it.

Refers to Law No. 105 of 2019, and amended by Law No. 60 of 2024.
Refers to Law No. 1 of 2019, and amended by Law No. 60 of 2024.

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Lineage: In force

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