REGULATION WATCH- Market regulator looking to introduce solvency standards for NBFS: The Financial Regulatory Authority (FRA) is planning to introduce regulations to ensure non-banking financial services firms remain solvent, FRA boss Mohamed Omran said at a conference yesterday, according to Al Mal. Omran did not disclose further details on the forthcoming regulations, but noted that they are part of the market regulator’s plans for next year. The FRA had issued similar standards for leasing and factoring companies back in January.

Separately, Omran said the FRA will begin requiring EGX-listed companies to issue disclosures on how climate change is affecting their business, according to Al Mal. Again, no further details were announced.

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