الهيئة العامة للرقابة المالية

FRA Board of Directors chaired by Dr. Islam Azzam, has issued a new Resolution granting government insurance funds an additional three-month extension to reconcile their status in accordance with the rules and regulations governing investment of their funds.

The Resolution aims to facilitate operations for government funds, accommodate their current circumstances, and incentivize compliance with established regulations. This initiative is designed to enhance the efficiency of fund management and safeguard beneficiaries’ benefits .

With this  Resolution, the deadline is extended until next September 3^rd , following the expiration of the initial compliance period on June 3^rd .

Pursuant to FRA Board’s previous Resolution  No. (266) of 2025, government insurance funds with investment portfolios exceeding EGP 100 million are required to invest between 5% and 20% of their total funds in open-ended investment fund certificates allocated to EGX-listed equities. Furthermore, the value of funds invested in a single investment fund must not exceed 5% of the insurance fund’s total capital, or 10% of the investment fund’s net asset value (NAV), whichever is lower.

There are currently six government insurance funds. These funds are designed to protect specific segments of citizens against risks not typically covered by commercial insurance companies, or risks that the government deems necessary to manage directly, offering a diverse range of insurance coverages.

 Financial Regulatory Authority has established an integrated framework for government insurance funds under Board Resolution No. (265) of 2025. This framework ensures both pre-emptive and subsequent  oversight of their operations, governance, internal auditing and financial disclosure. It also strengthens risk management mechanisms, promotes transparency in investment policies, and mandates the preparation of certified financial and actuarial studies and reports to continuously verify resource adequacy and the capacity to meet obligations.