الهيئة العامة للرقابة المالية

• We have built a robust foundation for the future of the non-banking financial sector.
• FRA’s talented cadres and collective team spirit are the true drivers of our achievements.
• I have full confidence in FRA staff’s ability to continue the journey of development.
• Real investment lies in the human talent capable of making a true difference.

Dr. Mohamed Farid, Minister of Investment and Foreign Trade, met with FRA staff following his appointment to the Ministry of Investment. During the meeting, he expressed his pride in the qualitative reforms achieved, which significantly enhanced the performance and competitiveness of the non-banking financial sector (NBFS), solidifying its role as a primary driver of economic growth and financial stability.

Dr. Farid highlighted the unprecedented legislative and regulatory developments witnessed recently, including the expansion of financial activities and instruments and the acceleration of digital transformation. He emphasized that these successes would not have been possible without the expertise of FRA’s dedicated cadres, their collective team spirit, and an unwavering commitment to the highest standards of professionalism and governance.

He noted that the Authority successfully established a balanced approach that pairs regulatory discipline with support for innovation and growth. This strategy improved market efficiency, deepened transparency, and strengthened investor protection, while actively contributing to financial inclusion by providing various segments of society with access to non-banking financial services.

He stressed that sustaining and building upon these achievements requires a continued ambitious spirit, openness to constant evolution, and the ability to keep pace with rapid global shifts. He expressed full confidence in FRA staff’s capability to carry forward development process and bolster the sector’s position at both regional and international levels.

Dr. Farid concluded with a motivational message, urging the team to continue working with a sense of responsibility and belonging. He remarked that true investment lies in human capital capable of making a tangible difference, asserting that current successes serve as a robust foundation for a new phase of sustainable development within the non-banking financial sector.

Notably, Dr. Farid’s tenure as FRA Chairman witnessed unprecedented leaps across various non-banking activities. Most executive regulations for the Unified Insurance Law – the first comprehensive law of its kind, consolidating four previous laws – were issued. Additionally, innovation was institutionalized through the launch of the Regulatory Sandbox, a structured platform for receiving, nurturing, testing, and developing fintech ideas.

Digital identity verification (E-KYC) became a practical reality under his leadership. The Authority also continued to refine listing rules for the stock market and introduce new products, such as activating Special Purpose Acquisition Companies (SPACs) and developing voluntary delisting rules to ensure fairness and protect minority shareholders.

A comprehensive package of regulatory amendments was introduced; including incentives for listing newly established companies and balanced controls for major shareholders’ stakes. These efforts also witnessed Gold Investment Funds attract approximately 324,000 investors, with total investments reaching EGP 5.145 billion by the end of December 2025.

FRA also launched the first voluntary regulated carbon market to support sustainability and carbon emission reduction. Consequently, the Authority’s regulatory decisions have transformed into effective tools for empowerment, contributing to economic growth and increased market depth.