Regulatory Alerts2020-01-01
Board of Directors Decision No. 202 of 2020 Amending Decision No. 66 of 2009 on the Development Fee for Supervised Companies
The Financial Regulatory Authority of Egypt issued Board Decision No. 202 of 2020 to amend the development fee schedule for supervised financial companies. The decree introduces a 2-per-10,000 fee on medium and small enterprise financing revenues and a 2-per-1,000 fee on consumer financing revenues, applicable whether conducted independently or combined with micro-enterprise financing. It simultaneously repeals Article 2 of Decision No. 119 of 2017 and mandates publication in the Official Gazette and on the Authority's website.
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