الهيئة العامة للرقابة المالية

• Submissions are due within 15 days of the report’s issuance date.
• All 2025 reports must be submitted within 15 days of the resolution’s effective date.

Financial Regulatory Authority (FRA) has mandated that actuaries submit copies of all reports issued for regulated entities.

Resolution No. 39 of 2026 was issued by FRA Board of Directors during its meeting held on January 22, 2026. Dr. Mohamed Farid, the current Minister of Investment and Foreign Trade and former FRA Chairman, chaired the meeting. The resolution was issued in accordance with Law No. 10 of 2009 on Regulating Non-Banking Financial Markets and Instruments, and the Unified Insurance Law No. 155 of 2024.

Pursuant to the resolution, actuaries are mandated to file all insurance-related reports – including peer reviews of other professionals – directly with FRA.

Actuaries are required to file these reports within 15 business days of issuance and delivery to the client. Submissions must be sent electronically to a designated FRA email address specifically established for this purpose.

The resolution specifies mandatory components for each submission, including: scope and purpose of the report, client’s identity, and underlying assumptions and methodologies. Additionally, actuaries must provide a Certification of Accuracy, electronic copies of the raw data used in calculations, an executive summary of key findings, and a full disclosure of any potential conflicts of interest.

The resolution further mandates that actuaries submit all reports issued for the fiscal year ending December 31, 2025. These filings must be completed within 15 days of the resolution’s effective date.

This resolution becomes effective the day following its publication in the Official Egyptian Gazette and on FRA’s official website.

The primary objective of this resolution is to enhance regulatory oversight of actuarial activities while embedding the principles of transparency and professional accountability. This is intended to elevate the technical quality of insurance sector reporting and ensure the stability of non-banking financial markets.

Finally, this resolution reflects FRA’s commitment to tighten the regulatory framework governing actuarial work. By aligning local practices with international professional standards, the Authority aims to bolster confidence in the studies and reports that drive critical financial and technical decisions within the sector.