الهيئة العامة للرقابة المالية

• Non-compliant entities face immediate suspension of all FRA-related services under new regulatory procedures.

FRA Board of Directors chaired by Dr. Mohamed Farid has mandated all regulated companies to comply with Article (17) of the Joint Stock Companies Law. This requires the registration of companies’ shares with Misr for Central Clearing, Depository and Registry (MCDR) no later than March 31, 2026. Companies must notify FRA of actual implementation.

Article 17 of Law No. 4 of 2018 (amending Law No. 159 of 1981) mandates that companies submit proof of registration with the central depository. This measure ensures the integrity of ownership transactions, guarantees comprehensive legal protections for shareholder rights, and strengthens regulatory control over the ownership structures of entities operating within the non-banking financial sector.

Entities failing to meet the established deadline will face legal and regulatory action. This may include the suspension of all FRA-related services until the registration of shares with MCDR is finalized.

To view the circular (Click Here).