الهيئة العامة للرقابة المالية

FRA Approves Real Estate and Metals Investment Funds Alongside Broader Licenses for Five Companies – Monday 30 June 2025

• These approvals include Bokra Funds, Telda Securities Brokerage, Trend Holding and True Finance Lease.

FRA Committee for Establishing and Licensing Companies granted approval for Bokra Funds to establish two new investment vehicles: Bokra Real Estate Investment Fund and Bokra Metals Investment Fund. Additionally, Telda Securities Brokerage obtained an approval to receive subscriptions in investment fund certificates.

The Committee further approved licensing of Trend Holding Company to participate in the establishment or capital increase of companies issuing securities. Also, True Finance Lease received approval to incorporate factoring activity into its original corporate purpose.

As the designated body under FRA Chairman’s resolution No. 3060 of 2023, this Committee is responsible for a broad mandate that extends beyond initial licensing.

Its powers encompass approving the establishment and licensing of new non-bank financial companies, along with sanctioning requests for additional activities and mechanisms for existing firms.

The Committee also oversees changes in legal frameworks for companies in securities and consumer finance, approves amendments to articles of association (both preliminary and final) and ratifies incentive and reward schemes.

Furthermore, it provides opinions on suspending General Assembly resolutions for securities and consumer finance companies, approves the opening, re-location and closure of branches and processes requests for liquidation, temporary or voluntary suspension of activities. Finally, the Committee is responsible for the registration, renewal and delisting of founding agents for non-bank financial companies.

FRA Raises Consumer Pre-financing Limit to EGP 50,000  per Client – Monday 30 June 2025

FRA raised the maximum limit for consumer pre-financing to 50,000 Egyptian pounds, subject to creditworthiness verification.

Clients are prohibited from obtaining new consumer cash financing until they demonstrate the proper utilization of previous funds and fully settle all outstanding installments.

Companies must utilize digital applications for data retention, specifically capturing details on financed goods and services, their sectoral classification and all cash disbursement operations.

The resolution mandates that all financing disbursements and installment collections be conducted exclusively via electronic payment methods.

FRA’s Board of Directors issued Resolution No. 138 of 2025, which amends previous legislation (Resolution No. 81 of 2023). This pivotal amendment raises the maximum limit for consumer pre-financing from EGP 10,000 to EGP 50,000 per client. This new ceiling applies to all financed operations, regardless of a customer’s individual credit limits set by consumer finance companies. FRA emphasized that this move is part of its commitment to provide diverse financing options that meet consumer needs, ultimately boosting financial and financing inclusion.

To ensure the stability of consumer finance companies and promote responsible borrowing, the resolution also introduces stricter conditions for subsequent financing. Customers are now prohibited from obtaining additional cash financing until they provide documentation proving the previous funds were used for their designated purpose and they have fully repaid the prior financing. This means customers must submit invoices or relevant documents for their previous cash-financed purchases and complete repayment before they can qualify for another cash finance.

The resolution further mandates the use of digital applications for robust data retention, aligning with the Authority’s strategy for comprehensive digital transformation in non-bank financial activities. Companies are required to classify all transactions, detailing financed goods and services, their sectoral classification and cash disbursement data. This includes adherence to operational and follow-up requirements, issuing necessary reports and utilizing information systems that cover all operational financing aspects.

The resolution introduces a key mandate: all financing disbursements and installment collections must now be conducted using non-cash (electronic) payment methods. This pivotal move aligns directly with Law No. 18 of 2019, which governs the use of non-cash payments in non-bank financial transactions.

The resolution also mandates that consumer finance companies shall prepare suitable and secure locations for all cash-related financial transactions with clients, particularly when delivering cash amounts. Companies must implement all necessary security measures for these operations.

 In addition, Law No. 18 of 2019 stipulates that the maximum for cash disbursements of financing is EGP 2,000 and the maximum for cash repayment of installments is EGP 500.

Building on this, the Authority now mandates that consumer finance companies must disburse cash financing electronically if the amount exceeds EGP 2,000. Similarly, they must collect installments for these financings electronically if the amount exceeds EGP 500.

Furthermore, consumer finance companies must now obtain prior approval from FRA before offering any cash financing products. This approval process includes a strict requirement to ensure clients use the financed amount for its designated purpose, supported by invoices or other verifying documents. Companies have a three-month grace period from the resolution’s effective date to apply for this approval and demonstrate compliance with Resolution No. 81 of 2023 and its regulatory amendments.

FRA consistently reaffirms its dedication to monitor market developments and refine the regulatory framework. This ongoing commitment ensures the framework adapts effectively to evolving market demands and economic challenges, ultimately protecting all stakeholders and fostering the growth of non-bank financial activities.

الرقابة المالية تصدر قرارات لـ 5 شركات تتوزع بين تأسيس صندوق استثمار عقاري وآخر للاستثمار في المعادن وتراخيص بتلقي الاكتتاب ومزاولة نشاط التخصيم – الاثنين 30 يونيو 2025

• الموافقات صدرت لشركات صناديق بكرة وشركة تيلدا لتداول الأوراق المالية وشركة ترند القابضة وشركة تروفاينانس للتأجير التمويلي

وافقت لجنة تأسيس وترخيص الشركات الخاضعة لإشراف الهيئة العامة للرقابة المالية، على تأسيس شركة صندوق استثمار بكرة العقاري وصندوق استثمار بكرة للاستثمار في المعادن، ووافقت اللجنة على الترخيص لشركة تيلدا لتداول الأوراق المالية لمزاولة نشاط تلقي الاكتتاب في وثائق صناديق الاستثمار.

فيما وافقت اللجنة أيضاً على الترخيص لشركة ترند القابضة للاستثمارات المالية، لمزاولة نشاط الاشتراك في تأسيس الشركات التي تصدر أوراقاً مالية أو في زيادة رؤوس أموالها، بجانب الموافقة على إضافة نشاط التخصيم للغرض الأصلي لشركة تروفاينانس للتأجير التمويلي.

وتعد لجنة تأسيس وترخيص الشركات الخاضعة لإشراف الهيئة العامة للرقابة المالية، هي المعنية وفقاً لقرار رئيس الهيئة رقم 3060 لسنة 2023، بالموافقة على تأسيس الشركات العاملة في مجال الأنشطة المالية غير المصرفية الخاضعة لإشراف ورقابة الهيئة، والترخيص لها بمزاولة النشاط.

بالإضافة إلى الموافقة على طلبات إضافة الأنشطة والآليات للشركات العاملة في مجال الأنشطة المالية غير المصرفية، وتغيير مظلة القانون سواء بالدخول أو الخروج للشركات العاملة في مجال الأوراق المالية، والشركات العاملة في مجال التمويل الاستهلاكي.

كما تتضمن اختصاصات اللجنة تعديل الأنظمة الأساسية للشركات الخاضعة لإشراف ورقابة الهيئة وإصدار الموافقة المبدئية أو النهائية عليها، واعتماد أنظمة الإثابة والتحفيز والتعديلات التي تطرأ عليها، مع إبداء الرأي في وقف قرارات الجمعيات العامة للشركات العاملة في مجال الأوراق المالية، وشركات التمويل الاستهلاكي.

وكذلك الموافقة على فتح ونقل وغلق فروع الشركات العاملة في مجال الأنشطة المالية غير المصرفية، بجانب الموافقة على طلبات التصفية الوقف المؤقت للنشاط الوقف الاختياري، بجانب الموافقة على طلبات قيد وتجديد وشطب وكلاء مؤسسي الشركات العاملة في مجال الأنشطة المالية غير المصرفية.