{"id":13760472,"date":"2021-06-01T10:40:38","date_gmt":"2021-06-01T08:40:38","guid":{"rendered":"https:\/\/fra.gov.eg\/%d8%a7%d9%84%d8%aa%d8%b9%d8%b1%d9%8a%d9%81-%d8%a8%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9\/"},"modified":"2025-12-15T14:49:45","modified_gmt":"2025-12-15T12:49:45","slug":"%d8%a7%d9%84%d8%aa%d8%b9%d8%b1%d9%8a%d9%81-%d8%a8%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9","status":"publish","type":"post","link":"https:\/\/fra.gov.eg\/en\/%d8%a7%d9%84%d8%aa%d8%b9%d8%b1%d9%8a%d9%81-%d8%a8%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9\/","title":{"rendered":"About FRA"},"content":{"rendered":"\t\t
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The Financial Regulatory Authority (FRA) is an independent regulatory authority pursuant to Article (221) of the Constitution of the Arab Republic of Egypt<\/strong>.<\/strong><\/p>\n

The Financial Regulatory Authority (FRA) was established under Law No. (10) of 2009 regulating supervision over non-bank financial markets and instruments, and its statute was issued by Presidential Decree No. (192) of 2009.<\/p>\n

The Authority succeeded the Egyptian Insurance Supervisory Authority (EISA), the Capital Market Authority (CMA), the Mortgage Finance Authority (MFA), and the General Authority for Investment (GAFI) in the supervision and regulation of financial leasing and factoring activities.<\/p>\n

Pursuant to Article (9) of the FRA\u2019s Statute, the Board of Directors is the supreme authority responsible for managing the Authority\u2019s affairs, administering its operations, and formulating and implementing the policies necessary to achieve its purposes and objectives. In this capacity, the Board is empowered to take all final decisions it deems necessary to exercise the Authority\u2019s mandates, without requiring approval from any administrative body.<\/p>\n

Mandate of the Authority<\/strong><\/p>\n

The (FRA) is responsible for the supervision and oversight of non-bank financial markets and instruments, including capital markets, futures exchanges, insurance activities, mortgage finance, leasing, factoring, securitization, consumer finance, the financing of medium, small, and micro enterprises, as well as the Movable Collateral Registry.<\/p>\n

The (FRA) works to ensure the soundness and stability of non-bank financial markets, to regulate and develop them, to balance the rights of market participants, and to provide the tools, systems, and rules that ensure the efficiency of markets and the activities conducted therein.<\/p>\n

In furtherance of its objectives, the Authority exercises the following functions<\/u><\/strong>:<\/u><\/strong><\/p>\n