الهيئة العامة للرقابة المالية

FRA Launches Digital Portal for Seamless Regulatory Reporting – Tuesday 10 February 2026

• Initial phase ahead of the full e-reporting mandate for non-banking financial companies.
• The Authority aims to enhance data exchange and boost the speed and accuracy of regulatory monitoring, auditing, and analysis.

Financial Regulatory Authority (FRA), chaired by Dr. Mohammed Farid, has launched a specialized digital platform for regulatory reporting. This launch serves as an initial phase preceding a full mandate for all non-banking financial institutions to transition to e-reporting. The initiative reflects FRA’s commitment to accelerate digital transformation and develop the oversight framework for non-banking financial activities.

This initial launch precedes a full e-reporting mandate for the non-banking financial sector, aiming to boost regulatory efficiency, accelerate data flow, and enhance information accuracy.

This platform enables companies to submit reports and documents integrated with electronic signatures. The system automatically verifies the validity of these signatures through a partnership with Delta Electronic Systems, a certified service provider authorized by the Information Technology Industry Development Agency (ITIDA).

Beyond technical reporting, the platform unifies communication channels between the Authority and its regulated entities. This transition aligns the non-banking financial sector with Egypt’s broader digital transformation vision and promotes the long-term sustainability.

FRA Updated Group Micro-insurance Template –  Monday 9 February 2026

• The maximum insurance age has been raised from 60 to 65 years.
• The policy covers all-cause mortality (death from any cause) and permanent total disability (PTD).

Financial Regulatory Authority (FRA), chaired by Dr. Mohammed Farid, has issued an updated Standard Group Micro-insurance Policy template. This policy covers all-cause mortality and permanent total disability (PTD), aligning with FRA’s mandate to bolster financial inclusion and provide robust protection for the most vulnerable segments.

FRA resolution No. 27 of 2026 supersedes the previous resolution No. 16 of 2019. Life insurance and capital formation companies are now mandated to adopt this new template. A six-month grace period has been granted to insurance providers and financing entities to ensure full compliance and regulatory alignment.

Key amendments include raising the maximum insurance age from 60 to 65 years. Additionally, the updated framework allows for the coverage of individuals exceeding this age limit, subject to bilateral agreements between the insurer and the financing institution.

The new policy provides micro-entrepreneurs with coverage against death and permanent disability. Protection begins on the effective date reported to the insurer and continues until the micro-financing term is fully concluded.

The template stipulates that insurance premiums shall be calculated based on the outstanding financing principal. These premiums exclude statutory fees, stamp duties, and contributions to the Policyholders’ Protection Fund.

The resolution stipulates that insurers must settle claims directly to the financing entity or the insured party within five business days following the submission of a complete claim file.

Standard exclusions include crimes committed by the beneficiary, nuclear radiation injuries, and pre-existing HIV/AIDS conditions prior to policy inception.

The policy defines Permanent Total Disability (PTD) as an incurable condition persisting for six consecutive months that renders the insured permanently unable to work. This includes total blindness in both eyes, complete paralysis, or the amputation of both arms or legs.

Financing entities are required to remit premiums within a 30-day grace period from the due date; failure to comply results in the termination of coverage. To facilitate claims, beneficiaries must provide a national ID copy, an original death certificate or a certified medical report for PTD, and an account statement detailing the insured’s outstanding debt balance.

FRA Launches Updated Moveable Collateral Registry Under its Direct Oversight – Monday 9 February 2026

• Developed with e-finance, the new electronic system follows a competitive tender among qualified firms.

Dr. Mohammed Farid – FRA Chairman:

• The MCR enables financing via non-real estate assets, driving digital financial inclusion.
• The system digitizes collateral registration and creditor notifications, operating entirely without human intervention.
• Individuals can now register as creditors for the first time, broadening the registry’s reach.
• The platform supports external system integration and utilizes Unified Digital Identity for secure access.

Financial Regulatory Authority (FRA), chaired by Dr. Mohammed Farid, has launched an updated electronic system for the Egyptian Moveable Collateral Registry (MCR). Now under FRA’s direct oversight and developed in cooperation with e-finance, the system enables banks, institutions, companies, and individual investors to easily use moveable assets as collateral for financing.

E-finance executed the project after winning a competitive tender involving several qualified firms.

Moveable collateral refers to assets used by owners to secure financing for investment activities. To facilitate this, FRA established a centralized electronic registry for recording and publicizing security interests, allowing for the registration, amendment, and cancellation of such collateral.

Dr. Mohammed Farid, FRA Chairman, stated that the registry update aims to expand its usage, reduce operational burdens, and enhance the efficiency of the public notification and credit systems.

A key feature of the updated system is the inclusion of individuals as creditors. They can now enjoy all legal protections provided by law to secure mortgage rights over moveable assets immediately upon registration in the MCR.

FRA Chairman added that allowing individuals to register is a major step in broadening the beneficiary base. This enables them to leverage moveable assets for financing, integrates new segments into the formal financial system, and protects all parties through a precise and reliable digital notification framework.

The new electronic system operates 24/7, allowing for the automated registration, amendment, and cancellation of collateral notices without human intervention. It also features digital identity creation for users and integrates with other systems via Single Sign-On (SSO) unified digital identity.

Updates include integration with the E-Invoicing system and multiple payment channels, such as bank cards via the government payment gateway, virtual cards for mobile wallets, financial wallets, remote bank transfers, and future digital banking apps.

The MCR aims to empower both banking and non-banking financial institutions to provide financing based on previously untapped collateral, especially in cases where real estate collateral is unavailable.

The new system ensures high data security levels and provides interactive reports and dashboards for FRA and its clients. Furthermore, the entire creditor registration cycle is now fully digitized.

The Egyptian Moveable Collateral Registry bolsters the ability of MSME to access financing by using moveable assets – such as equipment, machinery, inventory, and intellectual property – as collateral without requiring a transfer of possession.