Egypt’s FRA launches legislative portal to boost transparency in non-banking financial sector

Egypt’s Financial Regulatory Authority (FRA) unveiled on Thursday a first-of-its-kind legislative portal designed to provide seamless access to all laws and regulations governing the non-banking financial sector. The move aims to enhance regulatory transparency, streamline compliance, and attract more investment into the sector.

The comprehensive digital platform consolidates all legislative frameworks, including laws, regulatory decisions, executive regulations, and circulars related to insurance, capital markets, financial services, fintech, sustainability, voluntary carbon markets, anti-money laundering, accounting standards, secured transactions, and auditing.

The portal serves as a one-stop resource for investors, businesses, and financial professionals, making it easier to stay updated on regulatory changes. It offers fast and efficient browsing of legal frameworks, ensuring greater compliance and reinforcing investor confidence in Egypt’s financial markets.

FRA Chairman Mohamed Farid highlighted that the portal is part of the authority’s broader strategy to create a business-friendly environment, facilitate market growth, and position Egypt’s non-banking financial sector as a global investment hub.

“Easy access to regulations is key to strengthening the sector’s competitiveness and attracting more investment. The launch of this portal aligns with our vision to provide a dynamic, transparent, and efficient regulatory environment that supports economic growth.” Farid said.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser