Regulatory Alerts2019-01-01
Decision No. 151 of 2019 of the Board of Directors of the Financial Regulatory Authority
The Financial Regulatory Authority (FRA) of Egypt has extended the compliance period for Takaful insurance companies until June 30, 2020, under Board Decision No. 151 of 2019. This amendment grants insurers additional time to align their operations with the regulatory framework established by Decision No. 23 of 2019. The decision becomes effective the day following its publication in the Egyptian Gazette and on the FRA website, with relevant authorities mandated to enforce its provisions.
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