Pursuant to Article 4 of the Presidential Decree No. 193 of 2009 issuing the Statute of the Financial Regulatory Authority , including general framework for FRA, in particular the following:
- Licensing non-banking financial activities.
- Inspecting Non-Banking Financial Institutions
- Supervising the provision and dissemination of information related to non-banking financial markets.
- Supervising markets to Ensure competitions and transparency in Non-Banking Financial Sector
- Protecting customers’ rights and achieving balance in non-banking financial markets.
- Taking the necessary measures to limit manipulation and fraud in non-banking financial markets, taking into account the commercial risks involved in dealing with them.
- Supervising the training of those operating in non-banking financial markets and raising their efficiency.
- Cooperating and coordinating with other non-banking financial regulatory bodies abroad in order to develop its regulatory means and systems and enhance its efficiency and judgement.
- Communication, cooperation and coordination with associations and organizations that organize the work of financial oversight bodies in the world, hence, raising the authority’s efficiency and competencies in accordance with international best practices.
- Disseminating financial literacy and investment awareness
