Regulatory Alerts2018-01-01
Board of Directors Decision No. (137) of 2018
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. 137 of 2018 to establish the licensing conditions, renewal procedures, and operational requirements for financial leasing and factoring companies. The regulation mandates specific capital thresholds, corporate governance standards, and professional experience criteria for board members and executives, while outlining detailed application procedures and required documentation for initial approvals and multi-activity licenses. It further sets compliance and portfolio value requirements for microfinance entities seeking to expand into financial leasing activities.
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