The newly appointed board of the Financial Regulatory Authority (FRA) will be ratified in the coming days by Prime Minister Sherif Ismail, sources tell Youm7. Once ratified, the board will begin work on issues including setting the executive regulations of the Capital Markets Act, completing the Insurance Act, and drafting legislation that would grant FRA new autonomy.

Cabinet is expected to discuss the executive regulations to the controversial NGO law “within days.” Parliament had signed off on the bill back in 2016. The act has since come under fire from Republican Senators and the US Congress’ human rights commission.

Tags: