الهيئة العامة للرقابة المالية

FRA Chairman Approves Licensing of 10 Non-Banking Financial Entities – Sunday 29 March 2026

As part of the Financial Regulatory Authority’s (FRA) strategy to enhance governance and develop the non-banking financial sector – aiming to protect stakeholders and stimulate investment – Dr. Islam Azzam, FRA Chairman has approved the decisions of Incorporation and Licensing Committee. These decisions grant approval to 10 non-banking financial entities to launch several regulated services.

The Committee has formally licensed OG Capital to operate as a Venture Capital (VC) entity. This license specifically empowers the firm to deploy capital for the acquisition of equity stakes and controlling interests in target entities, in strict accordance with Capital Market Law No. 95 of 1992, its executive regulations, and supplemental Board resolutions. Furthermore, Arabia Online Brokerage has secured regulatory approval to provide comprehensive bond trading and intermediation services.

Additionally, approvals included Sawari Ventures and Acumen Holding to manage investment funds independently or in partnership, pursuant to FRA resolution No. 58 of 2018.

The Committee also granted Halan Securities Brokerage a license to receive subscriptions for investment fund units, while Wealthy Holdings was licensed to provide custody services. Beltone Securities Brokerage was authorized to practice futures contracts brokerage following the expansion of the company’s objectives under FRA resolution No. 7 of 2026.

In a related context, Smart Care Medical Services was granted a provisional license for management of medical care programs. Additionally, the Authority formally approved the registration of Ryada Insurance Brokerage and E-Guardians Insurance Brokerage as corporate entities within the official Insurance Brokers’ Registry.

In accordance with FRA Chairman Decree No. 3060 of 2023, Incorporation and Licensing Committee serves as the competent body responsible for approving the incorporation and licensing of companies operating within the non-banking financial sector.

The Committee’s jurisdiction extends to ratifying amendments to company’s statutes and endorsing employee incentive and motivation schemes. Beyond corporate governance, it serves a critical supervisory function by advising on the suspension of General Assembly resolutions within the securities and consumer finance sectors.

Beyond initial licensing, the Committee reviews requests to add new financial services or business mechanisms. It also manages the process for securities and consumer finance companies when they switch from one legal framework to another.

Furthermore, the Committee oversees the full operational lifecycle of regulated firms – from authorizing branch networks to managing liquidations, activity suspensions, and the professional registration of founding agents.

Egypt Wins the Chairmanship of IOSCO’s GEMC and Vice-Chair of the IOSCO Board – Thursday 26 March 2026

• FRA’s election reflects global recognition of its efforts in fortifying Capital Market efficiency and competitiveness across emerging markets.

Dr. Islam Azzam, FRA Chairman:

• Grateful for this international recognition, FRA will continue to develop and execute policies that enhance the capacity of capital markets to drive and attract investment.
• FRA’s primary objective is to intensify joint action between member states, foster technical and knowledge coordination to confront global economic challenges.

The Financial Regulatory Authority (FRA), led by Chairman Dr. Islam Azzam, has secured the chairmanship of the IOSCO’s Growth and Emerging Markets Committee (GEMC) for 2026–2028. This achievement solidifies Egypt’s international standing and underscores its central role in enhancing market efficiency and competitiveness of capital markets among member states.

Alongside his chairmanship of the GEMC, Dr. Islam Azzam will serve as Vice-Chair of the IOSCO Board for the next two years. This dual mandate is a testament to Egypt’s prominent position on the global regulatory map.

Dr. Islam Azzam expressed his profound appreciation for the members’ trust, noting that his election underscores Egypt’s esteemed regional and international stature. He emphasized that the upcoming term will prioritize intensifying cooperation and knowledge exchange to foster more efficient, resilient markets capable of navigating complex global challenges. He emphasized that FRA will maintain its active and long-standing engagement within the Committee, elevating its contributions to a level that secures Egypt’s leadership in developing and enhancing the effectiveness of global capital markets.

Dr. Azzam reaffirmed FRA’s commitment to foster a tech-driven financial ecosystem and enhance the ease of doing business through innovative digital solutions and the implementation of green finance strategies.

The Growth and Emerging Markets Committee (GEMC) is the IOSCO’s largest committee, representing more than 75% of its total membership. It comprises 94 full members and 23 non-voting associate members, including the world’s fastest-growing economies and 10 nations from the G20. The committee plays a pivotal role in enhancing the efficiency of securities markets, establishing regulatory principles and standards, facilitating information exchange, and providing technical assistance and training programs for its members.

This milestone serves as the culmination of FRA’s long-standing commitment to develop Egypt’s Capital Markets and align them with international standards. By establishing a model for FinTech integration and sustainable investment, FRA has earned global acclaim, reinforcing the trust of international institutions in the robustness of Egypt’s regulatory environment.

Under Egypt’s chairmanship, the next term will prioritize joint action and technical exchange among member states to confront global economic shifts. FRA intends to leverage its leadership to empower emerging capital markets, driving them to become key catalysts for sustainable development and contributing to a more robust and stable international financial landscape.

FRA Extends Annual Financial Filing Deadline for Listed Companies to End of April – Wednesday 18 March 2026

As part of the Financial Regulatory Authority’s (FRA) ongoing commitment to foster a favorable business environment that enables companies to grow and evolve, FRA Board of Directors has issued Decision No. 65 of 2026. This decision aligns with global variables to facilitate operations for listed companies and entities under the Authority’s supervision by extending the deadlines for submitting annual financial statements.

The decision allows companies listed on the Egyptian Stock Exchange (EGX) and entities subject to FRA oversight to submit their periodic financial statements for the period ending December 31, 2025, by April 30, 2026, instead of the previous deadline of March 31, 2026.

Additionally, the decision includes an extension for periodic financial statements for the period ending March 31, 2026. The new submission deadline is May 31, 2026, instead of May 15, 2026.

FRA continues to move forward with issuing the necessary regulations, controls, and legislations to empower non-banking financial institutions to achieve their financial and operational targets. The Authority remains focused on ensuring market stability, the integrity of transactions, and the protection of all stakeholders’ rights, while providing systems that ensure transparency and efficiency to strengthen the role of non-banking financial activities in the national economy.