Regulatory Alerts2020-12-27
Added · Updated
FRA Board of Directors Decision No. (204) of 2020 Regarding Enhancing Gender Equality in Access to Non-Banking Financial Activities
The Financial Regulatory Authority (FRA) issued Decision No. (204) of 2020, mandating all licensed non-banking financial entities to eliminate gender-based discrimination and implement policies guaranteeing equal, fair, and transparent treatment for male and female clients. The regulation requires these entities to establish dedicated complaint-handling units with multiple accessible submission channels and resolve complete complaints within two weeks, while the FRA’s Enforcement Sector independently reviews implementation-related disputes and issues binding decisions within one month. This decision constitutes a mandatory licensing condition and takes effect the day following its publication in the Egyptian Gazette.
More like this from FRA
We email you every new FRA publication the day it's published.