الهيئة العامة للرقابة المالية

In an increasingly interconnected global financial landscape, the Financial Regulatory Authority (FRA) is keen to actively engage in multilateral agreements aimed at strengthening the regulatory framework and enhancing the FRA’s international standing. Through participation in such agreements, the FRA seeks to promote the exchange of supervisory information and strengthen cooperation on issues ranging from financial stability to sustainable finance. These engagements are essential to ensuring that Egypt’s non-bank financial sector remains resilient, competitive, and aligned with international best practices.

IOSCO Multilateral Memorandum of Understanding Concerning Consultation, Cooperation, and the Exchange of Information (IOSCO MMoU)

The Multilateral Memorandum of Understanding Concerning Consultation, Cooperation, and the Exchange of Information (MMoU), launched by the International Organization of Securities Commissions (IOSCO) in 2002, establishes an international framework to enhance cooperation among capital market regulators, particularly in addressing cross-border violations and crimes such as market manipulation and fraud. The MMoU enables the exchange of information for supervisory and investigative purposes, including details of financial transactions, identification of beneficial owners, and the ability to obtain statements, while ensuring the confidentiality of information and compliance with domestic laws.

The FRA became a signatory to the IOSCO MMoU in 2012, thereby strengthening its ability to cooperate effectively with peer regulators worldwide. This participation supports the FRA’s supervisory effectiveness, enhances transparency, and promotes alignment with international standards, reflecting Egypt’s commitment to developing and stabilizing its capital markets and attracting investment.

To view the memorandum, please click her:

Multilateral Memorandum of Understanding on Consultation, Cooperation, and the Exchange of Information among Capital Market Regulators of Arab States, Members of the Union of Arab Securities Authorities

This memorandum aims to establish a general framework for joint cooperation among member states of the Union, facilitating the exchange of information and enhancing coordination among them. It seeks to support the adoption of international best standards and practices, ensuring a high level of harmonization and integration across the legislative and regulatory frameworks governing capital markets under the supervision of member authorities.

The memorandum also focuses on implementing measures to enhance transparency in Arab financial markets, support economic stability, and attract foreign direct investment. Its objectives further include strengthening members’ supervisory capacities through the exchange of expertise and knowledge, as well as expanding cooperation in training and capacity building to enhance the efficiency of professionals working within regulatory authorities and related financial markets. The FRA signed this multilateral memorandum of understanding in May 2022.

To view the memorandum, please click her:
 

The Marrakech Pledge for Fostering Cooperation and Developing Green Capital Markets in Africa

The “Marrakech Pledge” is a prominent continental initiative launched during the 22nd Conference of the Parties (COP22), held in Marrakech in 2016. It aims to support climate finance efforts and promote the development of green capital markets in Africa. The Pledge was adopted as a key initiative under the High-Level Ministerial Dialogue on Climate Finance and brings together 23 capital market regulatory authorities from 25 African countries, seeking to coordinate efforts to build more climate-resilient financial markets.

The initiative focuses on developing effective mechanisms to finance low-carbon investments by mobilizing public savings and facilitating the flow of private capital toward sustainable development projects. It also represents an open call for all African regulatory authorities to work collectively toward building a green investment ecosystem, thereby contributing to the advancement of the green economy at both national and regional levels.

To view the Marrakech Pledge, please click her: