FRA Board of Directors Functions and Powers were defined in accordance with Article Ten of Presidential Decree No. 193 of 2009 issuing FRA’s Statute, including the following:
- Developing the Authority’s general strategy and executive policies and monitoring their implementation.
- Laying down the executive rules to regulate the activities under the Authority’s supervision and control.
- Setting the rules of control and inspection of entities and individuals subjected to the Authority’s supervision.
- Determining fees for the services provided by the Authority.
- Approving the organizational structure of the authority, financial and administrative regulations and workers affairs without adhering to the regulations and systems in force in public and governmental bodies in this regard.
- Setting rules for seeking the assistance of local and foreign expertise .
- Approving the Authority’s financial budget and its financial statements. In addition to setting rules for investing the Authority’s funds.
- Determining the categories of the development fee stipulated in Article 14 of Law No. 10 of 2009.
Expressing opinions on all draft laws, regulations and decisions related to the Authority’s competence in non-banking financial markets and instruments
