• Monday 5/11/2018
    FRA?s Board approves the executive regulations for practicing factoring and governance rules for companies licensed to practice financial leasing and factoring
  • Sunday 4/11/2018
    FRA welcomes the issuance of a Ministerial Decree on the Regulations of Governmental Insurance Fund to cover some damages arising from accidents of rapid transit vehicles inside Egypt
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    - FRA announces that a public auction will be held to sell or lease premises owned by the Authority, these which are located at B137 building in Smart Village , Al-Bahr Al-Azham Street in front of the Pharaonic Village (first floor after the ground) and Emad Eldeen St. ( second and fourth floor).

    - Dear Gentlemen dealing with the Financial Regulatory Authority (FRA) In light of the Ministry of Finance Circular no. (2) of 2015 and the Ministry of Finance's letter dated 27/9/2017 which was issued in light of the directives of the Central Bank of Egypt, please be noted that it is decided that the Financial Regulatory Authority (FRA) will receive all its financial liabilities electronically. Please be informed that no paper checks will be received as of 1/10/2017.

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     FRA supervises & regulates all non-banking financial markets and instruments, including capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring, securitization and microfinance. Laws enforced by FRA include Law on Insurance Supervision and Control as promulgated by Law No.10 of the year 1981, Capital Markets Law No. 95/1992, Central Securities Depository and Registry Law No. 93 of 2000 , Law on Real Estate Finance promulgated by Law No. 148 of the year 2001; their Executive Regulations and related decisions in addition to Microfinance Law no. 141 of 2014. FRA is also the administrative entity that enforces the provisions of Financial Leasing Law no. 95 of 1995.

     

     
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    FRA offers a variety of services and tasks for companies, entities, and persons it regulates , where required to practice activities including working on maintaining the stability of the markets and protect the dealers’ interests...
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    Within the framework of the regulatory tasks assigned to FRA, it issues a number of decisions and regulatory measures which aims to reduce risks that threaten the stability of non-banking financial markets and interest of shareholders of companies supervised by FRA. These measures vary according to the nature of each non- banking financial activity and the legislations governing it. Also these measures are in the form of decisions, penalties and administrative measures issued by FRA or its board of directors. Or in the form of criminal proceedings, where Law no. 10 for year 2009 for Regulating Non-Banking Financial Markets and Instruments granted FRA chairman the right to request investigation and law suit for criminal offenses committed in violation of any of the legislations specialized by FRA.
     
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