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About FRA

The Financial Regulatory Authority (FRA) established in accordance with Law no. 10 of 2009. The Authority is responsible for supervising and regulating non-banking financial markets and instruments, including Capital Market, Futures Exchanges, all activities related to Insurance Services, Mortgage Finance, Financial Leasing, Factoring and Securitization. FRA's role is to regulate the market and ensure its stability and competitiveness to attract more local and foreign investments. In addition, FRA aims at reducing risks that resulted from the lack of coordination and addressing problems arising from applying different regulatory methods.

The Financial Regulatory Authority replaced the Egyptian Insurance Supervisory Authority, Capital Market Authority, and Mortgage Finance Authority. It applies the provisions of Law no. 10 of 1981 on Insurance Supervision and Control, Capital Market Law no. 95 of 1992, Central Depository and Registry Law no. 93 of 2000 , Mortgage Finance Law no. 148 of 2001, as well as other related laws and decrees that are part of FRA’s terms of reference.

Besides, FRA is the competent Authority that apply the provisions of Financial Leasing law no. 95 of 1995. FRA is also the admin authority for companies established under the provisions of law of financial leasing issued by law no.95 for year 1995

Objectives and Terms of reference

 FRA aims at

  •  Maintaining stability and integrity of non-banking financial markets

  •  Regulating and developing non-banking financial markets

  •  Protecting investors & participants’ rights

  •  Issuing various means, systems, rules which ensure efficiency and transparency of these markets.

FRA’s Terms of Reference :

  •  Granting licenses for entities to be engaged in non-banking financial activities

  •  Inspecting licensed entities engaged in non-banking financial activities

  •  Regulating the dissemination of information related to non-banking financial markets

  • Ensuring transparency and competitiveness in non-banking financial services through proper regulation of non-banking financial markets

  •  Protecting non-banking market investors’ rights

  •  Taking necessary measures to reduce market manipulation and fraud

  •  Supervising training of market participants and enhancing their skills

  •  Cooperating and coordinating with other non-banking regulatory bodies abroad, thus developing and increasing the efficiency of means and methods of supervision in non-banking financial markets and instruments domains

  •  Communicating, cooperating and coordinating with societies and organizations which organize the work of Financial Regulatory Authorities across the globe, thus empowering the Authority to assume its competences according to the best international practices

  •  Contributing to spreading investment culture and awareness

  •  Along with the terms of references mentioned in Law no 10 of 1981 on Insurance Supervision and Control, Capital Market Law no. 95 of 1992, Central Depository and Registry Law no. 93 of 2000 , Mortgage Finance Law no. 148 of 2001, Micro-finance Law no.141 of 2014 and Financial Leasing and Factoring Law no.176 of 2018.


 

 

 

 

 

 

 

 



 
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