Financial Regulatory Authority Board Decision No. (133) of 2021

The Financial Regulatory Authority Board of Directors issued Decision No. (133) of 2021 to amend the registration framework for electronic collection companies handling insurance premiums. The decision replaces Article Four, Item (4), requiring these companies to deposit collected funds into the insurer’s bank accounts within five days of collection or no later than one month from issuance. This amendment takes effect the day following its publication in the Egyptian Gazette and on the Authority’s website.

Egypt

Financial Regulatory Authority Egypt