الهيئة العامة للرقابة المالية

أحداث وفاعليات الهيئة

FRA Enhances Licensing Standards and Efficiency for Futures Brokerage – Tuesday17 February 2026

• A minimum capital requirement of EGP 50 million.
• Mandatory appointment of 12 key functional roles.
• A 3-month grace period for status regularization.

Financial Regulatory Authority (FRA) has issued a resolution outlining the requirements and licensing conditions for Futures Brokerage. This move aims to complete the legislative and regulatory framework for the derivatives market, enhance risk management efficiency, ensure the readiness of operating companies, maintain market stability, and protect investor rights.

Resolution No. 7 of 2026 – issued on January 14, 2026, by the Board of Directors chaired by Dr. Mohamed Farid, Minister of Investment and Foreign Trade and former FRA Chairman – enacts a comprehensive framework of financial, technical, and administrative mandates. These regulations ensure that operations align with the highest benchmarks of corporate governance and institutional integrity.

Regarding financial mandates, the resolution requires applicants to have a minimum issued and paid-in capital of EGP 50 million (or its foreign currency equivalent). Companies must also comply with ownership structure regulations and shareholder ratios as per the rules governing non-banking financial activities, specifically Resolution No. 177 of 2024.

The resolution mandates a cash insurance deposit equal to 0.5% of the issued and paid-in capital to cover financial liabilities arising from regulatory breaches. Additionally, a non-refundable application fee of EGP 5,000 is required for license review.

On the technical side, companies must possess a secure, integrated technological infrastructure. This includes centralized servers, licensed operating systems, advanced data protection, and an effective internal control system. To ensure Business Continuity, firms must maintain a secondary operational site physically separate from the main headquarters.

The resolution obligates companies to develop a comprehensive Risk Management Operational Manual. This manual must detail the identification, measurement, and monitoring of market, credit, concentration, operational, and liquidity risks, alongside mitigation and reporting policies to ensure regulatory compliance and operational sustainability.

Administrative governance standards require board members to possess a clean legal record and a “good reputation.” The majority of the board, including the Chairman, must have at least five years of experience in exchange-traded markets. The Managing Director must be dedicated exclusively to executive management, and the Operations Manager must have a minimum of seven years of relevant experience.

Futures brokerage firms must staff a minimum of 12 key positions, including: CEO, Operations Manager, Trading Manager, Risk Manager, Internal Controller, AML/CFT Officer, CFO, Account Manager, Internal Auditor, Floor Trader (Contracts), IT & Information Security Officer, and HR Manager. Specific technical expertise is required for leadership roles.

To safeguard participants, firms must verify a client’s financial solvency before executing orders. They are required to manage escrow accounts, monitor client positions daily based on settlement prices, and satisfy margin requirements. Companies may also join clearing and settlement company as “Settlement Members” subject to governing rules.

FRA mandates strict client data confidentiality and the use of its standardized contract templates, which must explicitly detail collateral, fees, and default protocols. The resolution strictly prohibits “no-loss” guarantees or loss-capping representations. Firms must provide a Risk Disclosure Statement at onboarding, to be updated annually or upon any material amendment.

Companies must retain physical records for a minimum of five years and electronic records for 15 years, ensuring FRA has full access for inspections. The Authority reserves the right to conduct on-site examinations to verify ongoing compliance with these requirements.

The resolution organizes the transition for existing securities brokerages wishing to add futures brokerage to their license. They must meet capital and equity requirements, be free of active administrative measures, and submit comprehensive technical and financial documentation.

Licensed futures brokerage firms operating at the time of the resolution’s issuance are granted a three-month grace period to regularize their status. This period may be extended upon FRA’s approval of a justified request.

This resolution reflects FRA’s commitment to build a disciplined, efficient futures market. By providing advanced tools for risk management and hedging, it enhances the competitiveness of the Egyptian capital market and boosts the confidence of both domestic and international investors.

FRA Mandates Actuaries to Submit All Reports Directly to the Authority – Sunday 15  February 2026

• 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.

FRA Extends Insurance Financial Statement Deadline to April 30, 2026 – Thursday 12 February 2026

Financial Regulatory Authority (FRA) has issued a resolution granting insurance companies and pools an extension to present their financial statements to General Assemblies.

Resolution No. 38 of 2026, issued by the Board of Directors chaired by Dr. Mohamed Farid on February 2, 2026, sets a final deadline of April 30, 2026, for the presentation of annual financial statements, accompanying disclosures, the auditor’s report, and the Board of Directors’ report.

In accordance with FRA Resolution No. 3 of 2025, insurance companies and pools are required to present their consolidated financial statements within three months of the end of the fiscal year. For insurance and reinsurance companies, the fiscal year commences on January 1 and concludes on December 31 annually.

Insurance companies and pools shall prepare their consolidated financial statements, accompanying disclosures, and the reports of both the auditor and the Board of Directors at least one month prior to the General Assembly meeting. FRA reserves the right to review these statements and notify the company of any observations or required amendments.

This resolution is part of FRA’s proactive approach to provide regulatory flexibility for its regulated entities. It aims to ensure that

financial statements are prepared with the highest levels of accuracy and quality, without compromising transparency requirements or the timely presentation of reports to General Assemblies.

Furthermore, the resolution reflects the Authority’s commitment to balance regulatory discipline with the operational and technical demands of preparing consolidated financial statements. This contributes to enhancing the quality of disclosures and improving the efficiency of financial reporting presented to shareholders.

مؤتمرات و ندوات

Press Releases

FRA Enhances Licensing Standards and Efficiency for Futures Brokerage – Tuesday17 February 2026

• A minimum capital requirement of EGP 50 million.
• Mandatory appointment of 12 key functional roles.
• A 3-month grace period for status regularization.

Financial Regulatory Authority (FRA) has issued a resolution outlining the requirements and licensing conditions for Futures Brokerage. This move aims to complete the legislative and regulatory framework for the derivatives market, enhance risk management efficiency, ensure the readiness of operating companies, maintain market stability, and protect investor rights.

Resolution No. 7 of 2026 – issued on January 14, 2026, by the Board of Directors chaired by Dr. Mohamed Farid, Minister of Investment and Foreign Trade and former FRA Chairman – enacts a comprehensive framework of financial, technical, and administrative mandates. These regulations ensure that operations align with the highest benchmarks of corporate governance and institutional integrity.

Regarding financial mandates, the resolution requires applicants to have a minimum issued and paid-in capital of EGP 50 million (or its foreign currency equivalent). Companies must also comply with ownership structure regulations and shareholder ratios as per the rules governing non-banking financial activities, specifically Resolution No. 177 of 2024.

The resolution mandates a cash insurance deposit equal to 0.5% of the issued and paid-in capital to cover financial liabilities arising from regulatory breaches. Additionally, a non-refundable application fee of EGP 5,000 is required for license review.

On the technical side, companies must possess a secure, integrated technological infrastructure. This includes centralized servers, licensed operating systems, advanced data protection, and an effective internal control system. To ensure Business Continuity, firms must maintain a secondary operational site physically separate from the main headquarters.

The resolution obligates companies to develop a comprehensive Risk Management Operational Manual. This manual must detail the identification, measurement, and monitoring of market, credit, concentration, operational, and liquidity risks, alongside mitigation and reporting policies to ensure regulatory compliance and operational sustainability.

Administrative governance standards require board members to possess a clean legal record and a “good reputation.” The majority of the board, including the Chairman, must have at least five years of experience in exchange-traded markets. The Managing Director must be dedicated exclusively to executive management, and the Operations Manager must have a minimum of seven years of relevant experience.

Futures brokerage firms must staff a minimum of 12 key positions, including: CEO, Operations Manager, Trading Manager, Risk Manager, Internal Controller, AML/CFT Officer, CFO, Account Manager, Internal Auditor, Floor Trader (Contracts), IT & Information Security Officer, and HR Manager. Specific technical expertise is required for leadership roles.

To safeguard participants, firms must verify a client’s financial solvency before executing orders. They are required to manage escrow accounts, monitor client positions daily based on settlement prices, and satisfy margin requirements. Companies may also join clearing and settlement company as “Settlement Members” subject to governing rules.

FRA mandates strict client data confidentiality and the use of its standardized contract templates, which must explicitly detail collateral, fees, and default protocols. The resolution strictly prohibits “no-loss” guarantees or loss-capping representations. Firms must provide a Risk Disclosure Statement at onboarding, to be updated annually or upon any material amendment.

Companies must retain physical records for a minimum of five years and electronic records for 15 years, ensuring FRA has full access for inspections. The Authority reserves the right to conduct on-site examinations to verify ongoing compliance with these requirements.

The resolution organizes the transition for existing securities brokerages wishing to add futures brokerage to their license. They must meet capital and equity requirements, be free of active administrative measures, and submit comprehensive technical and financial documentation.

Licensed futures brokerage firms operating at the time of the resolution’s issuance are granted a three-month grace period to regularize their status. This period may be extended upon FRA’s approval of a justified request.

This resolution reflects FRA’s commitment to build a disciplined, efficient futures market. By providing advanced tools for risk management and hedging, it enhances the competitiveness of the Egyptian capital market and boosts the confidence of both domestic and international investors.

FRA Mandates Actuaries to Submit All Reports Directly to the Authority – Sunday 15  February 2026

• 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.

FRA Extends Insurance Financial Statement Deadline to April 30, 2026 – Thursday 12 February 2026

Financial Regulatory Authority (FRA) has issued a resolution granting insurance companies and pools an extension to present their financial statements to General Assemblies.

Resolution No. 38 of 2026, issued by the Board of Directors chaired by Dr. Mohamed Farid on February 2, 2026, sets a final deadline of April 30, 2026, for the presentation of annual financial statements, accompanying disclosures, the auditor’s report, and the Board of Directors’ report.

In accordance with FRA Resolution No. 3 of 2025, insurance companies and pools are required to present their consolidated financial statements within three months of the end of the fiscal year. For insurance and reinsurance companies, the fiscal year commences on January 1 and concludes on December 31 annually.

Insurance companies and pools shall prepare their consolidated financial statements, accompanying disclosures, and the reports of both the auditor and the Board of Directors at least one month prior to the General Assembly meeting. FRA reserves the right to review these statements and notify the company of any observations or required amendments.

This resolution is part of FRA’s proactive approach to provide regulatory flexibility for its regulated entities. It aims to ensure that

financial statements are prepared with the highest levels of accuracy and quality, without compromising transparency requirements or the timely presentation of reports to General Assemblies.

Furthermore, the resolution reflects the Authority’s commitment to balance regulatory discipline with the operational and technical demands of preparing consolidated financial statements. This contributes to enhancing the quality of disclosures and improving the efficiency of financial reporting presented to shareholders.

FRA in the News

القرية الذكية- 10 نوفمبر 2020 : د. عمران بصفته رئيساً لمجلس إدارة معهد الخدمات المالية يوقع اتفاقاً مع معهد دراسات البورصة IEB الإسباني لمنح درجة الماجستير في الأسواق المالية بحضور السفير الإسباني بالقاهرة ،وسفيرنا في مدريد عبر تقنية الفيديو كونفرس

FRA Enhances Licensing Standards and Efficiency for Futures Brokerage – Tuesday17 February 2026

• A minimum capital requirement of EGP 50 million.
• Mandatory appointment of 12 key functional roles.
• A 3-month grace period for status regularization.

Financial Regulatory Authority (FRA) has issued a resolution outlining the requirements and licensing conditions for Futures Brokerage. This move aims to complete the legislative and regulatory framework for the derivatives market, enhance risk management efficiency, ensure the readiness of operating companies, maintain market stability, and protect investor rights.

Resolution No. 7 of 2026 – issued on January 14, 2026, by the Board of Directors chaired by Dr. Mohamed Farid, Minister of Investment and Foreign Trade and former FRA Chairman – enacts a comprehensive framework of financial, technical, and administrative mandates. These regulations ensure that operations align with the highest benchmarks of corporate governance and institutional integrity.

Regarding financial mandates, the resolution requires applicants to have a minimum issued and paid-in capital of EGP 50 million (or its foreign currency equivalent). Companies must also comply with ownership structure regulations and shareholder ratios as per the rules governing non-banking financial activities, specifically Resolution No. 177 of 2024.

The resolution mandates a cash insurance deposit equal to 0.5% of the issued and paid-in capital to cover financial liabilities arising from regulatory breaches. Additionally, a non-refundable application fee of EGP 5,000 is required for license review.

On the technical side, companies must possess a secure, integrated technological infrastructure. This includes centralized servers, licensed operating systems, advanced data protection, and an effective internal control system. To ensure Business Continuity, firms must maintain a secondary operational site physically separate from the main headquarters.

The resolution obligates companies to develop a comprehensive Risk Management Operational Manual. This manual must detail the identification, measurement, and monitoring of market, credit, concentration, operational, and liquidity risks, alongside mitigation and reporting policies to ensure regulatory compliance and operational sustainability.

Administrative governance standards require board members to possess a clean legal record and a “good reputation.” The majority of the board, including the Chairman, must have at least five years of experience in exchange-traded markets. The Managing Director must be dedicated exclusively to executive management, and the Operations Manager must have a minimum of seven years of relevant experience.

Futures brokerage firms must staff a minimum of 12 key positions, including: CEO, Operations Manager, Trading Manager, Risk Manager, Internal Controller, AML/CFT Officer, CFO, Account Manager, Internal Auditor, Floor Trader (Contracts), IT & Information Security Officer, and HR Manager. Specific technical expertise is required for leadership roles.

To safeguard participants, firms must verify a client’s financial solvency before executing orders. They are required to manage escrow accounts, monitor client positions daily based on settlement prices, and satisfy margin requirements. Companies may also join clearing and settlement company as “Settlement Members” subject to governing rules.

FRA mandates strict client data confidentiality and the use of its standardized contract templates, which must explicitly detail collateral, fees, and default protocols. The resolution strictly prohibits “no-loss” guarantees or loss-capping representations. Firms must provide a Risk Disclosure Statement at onboarding, to be updated annually or upon any material amendment.

Companies must retain physical records for a minimum of five years and electronic records for 15 years, ensuring FRA has full access for inspections. The Authority reserves the right to conduct on-site examinations to verify ongoing compliance with these requirements.

The resolution organizes the transition for existing securities brokerages wishing to add futures brokerage to their license. They must meet capital and equity requirements, be free of active administrative measures, and submit comprehensive technical and financial documentation.

Licensed futures brokerage firms operating at the time of the resolution’s issuance are granted a three-month grace period to regularize their status. This period may be extended upon FRA’s approval of a justified request.

This resolution reflects FRA’s commitment to build a disciplined, efficient futures market. By providing advanced tools for risk management and hedging, it enhances the competitiveness of the Egyptian capital market and boosts the confidence of both domestic and international investors.