Regulatory Alerts2019-01-01
Chairman of the Authority's Decision No. (177) of 2019 Concerning Financial Leasing and Factoring Contract Templates
The Financial Regulatory Authority (FRA) issued Decision No. 77 of 2019 mandating the use of standardized templates for financial leasing and factoring contracts. The decision requires leasing and factoring companies to include minimum mandatory data fields in all contracts and stipulates that these templates are binding upon publication in the Egyptian Gazette. It further outlines the legal framework, registration procedures, and operational controls governing these financial activities under Law No. 176 of 2018.
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