Regulatory Alerts2010-01-01
Presidential Decree No. 260 of 2010 on the Basic Statute of the Financial Services Institute
President Hosni Mubarak of Egypt issued Presidential Decree No. 260 of 2010 to establish the Financial Services Institute as a legally independent entity subordinate to the Financial Regulatory Authority. The decree mandates the Institute to develop professional competencies, conduct research, and disseminate financial awareness within Egypt's non-banking financial sector, while detailing its governance structure, independent budget, and operational authorities. It simultaneously abolishes the Egyptian Insurance Institute, transferring its assets, liabilities, and personnel to the new entity and the Authority.
Share