الهيئة العامة للرقابة المالية

These approvals include two brokerage firms and Arab Banking Corporation (Bank ABC) , First Abu Dhabi Bank (FAB) , Banque Misr , Standard Chartered Bank and Kuwait Finance House (KFH).

FRA Committee for Establishing and Licensing Companies has approved 7 institutions – comprising 5 banks and 2 brokerage firm – to regularize their status and register with the Authority. This registration allows them to actively trade in government securities and financial instruments within the secondary market.

The newly approved entities include: Arab Banking Corporation (Bank ABC), First Abu Dhabi Bank (FAB), Banque Misr, Standard Chartered Bank and Kuwait Finance House (KFH) , Arab African International Securities (AAIS)  and Ostoul Securities Brokerage & Bonds Trading.

This move comes as a direct implementation of FRA Board of Directors’ decree No. (232) of 2024, which governs the approval process for secondary market trading in government securities and financial instruments. It also follows FRA Chairman’s decree No. (394) of 2025, which extended the deadline for institutions to regularize their positions in this market.

FRA views this step as crucial to its ongoing efforts to regulate and develop Egypt’s non-bank financial markets. A primary goal is to maintain stability and integrity in these markets, especially the secondary market for government debt instruments. By expanding the base of participants, FRA aims to increase financial inclusion, allow more entities and ultimately, more individuals and businesses, to benefit from non-bank financial services.

In accordance with FRA resolution No. 232 of 2024, a dedicated registry was mandated for non-primary dealer banks seeking to operate in this secondary market. This consolidated registry now incorporates all eligible entities, including those classified as primary dealer banks, other qualified banking institutions, licensed bond dealing, brokerage, and intermediation companies, and entities specializing in investment fund activities, encompassing both formation and management of securities portfolios and investment funds.

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, relocation 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.