الهيئة العامة للرقابة المالية

FRA Directs Regulated Entities to Activate “Bareedi” Accounts for Official Correspondence – Sunday 20 September 2025

• • The directive executes the cooperation protocol signed with Egypt Post, establishing an officially certified digital address for regulated entities.
  • The service for receiving official correspondence is provided free of charge, with all notifications and legal serve carrying full legal validity.

  Dr. Islam Azzam, FRA Chairman:

  • The registered email service cuts time, effort and costs—marking a key step toward full digital transition.
  • Keeping pace with tech developments requires updating regulatory tools to maximize efficiency and impact.

  Dr. Islam Azzam, FRA Chairman issued a decision requiring all regulated entities to establish an active account on the certified registered email service “Bareedi” for official correspondence. This initiative reinforces the Authority’s strategy to digitize regulatory operations and strengthen supervisory oversight across the non-banking financial sector.

  Decision  No. 2872 of 2026 comes in implementation of the cooperation protocol signed between the Financial Regulatory Authority and the National Post Authority (Egypt Post) to utilize “Bareedi” service in digitizing the system of official notifications and correspondence between FRA and legal entities under its supervision (companies and entities). The decision does not apply to natural persons subject to the Authority’s supervision.

  The obligation set forth in the decision is strictly limited to registering to “receive incoming correspondence issued by the Authority,” which is a free service. Sending correspondence to the Authority through this service remains optional, subject to the rules and fees established by the National Post Authority.

  Pursuant to this decision, the registered email account under ‘Bareedi’ service shall be deemed an official, certified digital address recognized by the Authority. All correspondence, notifications and announcements dispatched by the Authority via this service—along with any system-generated electronic evidence verifying transmission, receipt or delivery failure—shall be considered legally binding.

  Dr. Islam Azzam emphasized that advancing the non-banking financial sector is intrinsically linked to developing regulatory tools. He noted that the rapid acceleration in technology adoption and the evolution of financial business models and services necessitate the continuous updating of the Authority’s operational mechanisms. Leveraging technological solutions enables the execution of regulatory and supervisory functions with speed, efficiency and tools that optimize time, effort and costs.

  He highlighted that the directive mandating “Bareedi” email registration marks a practical milestone toward updating regulatory workflows. By enhancing official notification pathways, the mandate facilitates a seamless shift from paper correspondence to secure, verified digital channels, thereby maximizing operational and supervisory efficiency.

  FRA Chairman added that continuous enhancements to regulatory frameworks are essential to keep pace with market evolution. He stressed that digital transformation is no longer limited to providing financial products, but stands as a vital pillar in advancing regulatory workflows, accelerating response times to emerging trends and improving data integrity for regulatory authorities.

  The decision obliges all companies and licensed entities operating in non-banking financial markets to register for and activate an account on “Bareedi,” the certified registered email platform operated by National Post (Egypt Post). Under this mandate, the registered account will serve as each entity’s officially accredited digital address for receiving official correspondence, notifications and legal process issued by the Authority, in accordance with technical controls established in coordination with Egypt Post.

  To ensure a smooth operational transition, the decision establishes a three-month grace period from its publication date in the Official Gazette for companies to complete registration and activate their accounts. Post-activation, regulated entities are legally required to maintain active account status, ensure continuous deliverability and promptly update associated contact records to guarantee uninterrupted communication with the Authority.

  To complete technical onboarding, regulated entities must appoint a primary account administrator, authorize key personnel for message handling, submit required legal documentation and pass identity verification. After agreeing to the terms of service, institutions must set up their registered inbox, assign access tiers and execute a live test run to validate message transmission, notification alerts and failure-handling procedures.

FRA and Supreme Media Council Partner to Regulate Digital Platforms in Non-Banking Financial Markets  –  Wednesday 16 September 2026

• The Protocol Enhances Market Stability and Protects Investors from Deceptive Practices

Dr. Islam Azzam, FRA Chairman and Eng. Khaled Abdel Aziz, Chairman of the Supreme Council for Media Regulation (SCMR), have signed a Memorandum of Understanding (MoU) between both entities at the SCMR headquarters in Maspero.

This protocol falls within the framework of integrating state institutions’ efforts, activating ex-ante and ex-post oversight mechanisms and strengthening coordination between both regulatory bodies in areas of mutual jurisdiction. It establishes a joint coordination framework regarding digital platforms and applications that utilize trade names, logos or brand identifiers associated with non-banking financial markets or those that imply affiliation with entities licensed and regulated by FRA.

Under the terms of the agreement, the SCMR shall notify FRA and obtain its prior technical opinion before granting licenses or authorizing the launch of any digital platform or mobile application falling within the scope of this cooperation. In turn, FRA will review the platform’s name and activity to ensure it does not infringe upon the intellectual property rights, trade names or operations of FRA-licensed entities.

FRA will submit its binding technical opinion to the SCMR within 15 days of notification. This step ensures full compliance with governing laws, safeguards third-party rights and mitigates fraudulent practices that could mislead the public.

Furthermore, the MoU establishes a framework for continuous information exchange regarding digital applications to prevent unauthorized platforms from falsely claiming licensing by or affiliation with FRA or its regulated companies.

This partnership advances institutional synergy, fortifies the integrity of the digital financial ecosystem, protects the rights of licensed market participants and upholds public confidence in non-banking financial activities and services.

FRA Directives to Consumer Finance Firms: Restrictions on Precious Metals and Mandatory Rate Disclosure –  Wednesday 16 September 2026 

Dr. Islam Azzam,  FRA Chairman issued two directives to consumer finance companies restricting transactions in precious metal products and setting yield rates applied to all consumer finance products and services.

The first directive prohibits transactions involving gold bullion, gold jewelry and other precious metal products such as silver and platinum. FRA emphasized that these items do not fall under consumer goods and services eligible for financing under Consumer Finance Law No. 18 of 2020.

The decision rests on the premise that gold bullion and jewelry are investment vehicles rather than standard consumer items. Therefore, they fall outside the statutory framework governing consumer finance activities, a measure intended to preserve market stability and ensure transaction integrity.

The second directive obligates consumer finance companies to submit quarterly reports to FRA detailing interest rates and administrative fees on bank borrowings, alongside average yield rates and administrative charges levied on client loans. The directive requires submission of data starting from 2025.

FRA framed the measure as an effort to bolster transparency and corporate governance, aligning consumer finance oversight with standards applied to micro, small, and medium-sized enterprise (MSME) financing. The Authority noted that the framework aims to enhance regulatory efficiency while maintaining a balance between market expansion and consumer protection.