Egypt's Financial Regulatory Authority (FRA) has issued its first unified guide to all its services, aimed at simplifying the business environment for individuals and companies in the non-banking financial sector. The launch marks a significant milestone in modernizing the sector and supports the FRA's digital transformation efforts.
The Financial Regulatory Authority (FRA) has launched its first unified guide covering all its services, serving as a core operational tool that enhances the efficiency of its systems and aligns with its vision to improve the business climate and increase transparency. The guide provides open access to information, contributing to a more advanced and investment-attractive non-banking financial sector.
Mohamed Farid, Chairperson of the FRA, stated: “This guide is not merely a reference; it is a central operational tool in the Authority’s digital transformation journey, and a starting point for unifying procedures and ensuring fairness and efficiency in the delivery of our services.”
Farid added that the FRA continues to develop its services to keep pace with global regulatory trends, supporting a more inclusive, sustainable, and competitive non-banking financial sector. The guide encompasses all areas under the FRA's supervision, including the capital market, insurance, and non-banking financing activities, as well as services related to financial reporting, compliance, complaints, and auditors.
It establishes unified and transparent procedures by describing each service, specifying required documents, and detailing application steps, while setting mandatory timelines for service delivery. The scope includes capital market services such as establishment procedures, trading, investment funds, issuance activities, and corporate governance, along with services for insurance and reinsurance companies, registration of insurance professionals, and all non-banking financing services like mortgage finance, leasing, factoring, microfinance, and SME-related services.
The guide aims to strengthen market trust and stability by enabling stakeholders to understand their rights and obligations, representing a key step in the FRA's digital transformation as services are structured for delivery through modern electronic systems. The FRA has encouraged all market participants to use the guide as their primary reference and confirmed it will be regularly updated to reflect legal and regulatory developments and align with international best practices.