{"id":569459,"date":"2020-02-25T04:42:02","date_gmt":"2020-02-25T04:42:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/25\/egypts-house-approves-data-protection-consumer-credit-acts-amendments-to-anti-terrorism-act\/"},"modified":"2020-02-25T04:42:02","modified_gmt":"2020-02-25T04:42:02","slug":"egypts-house-approves-data-protection-consumer-credit-acts-amendments-to-anti-terrorism-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/25\/egypts-house-approves-data-protection-consumer-credit-acts-amendments-to-anti-terrorism-act\/","title":{"rendered":"Egypt\u2019s House approves data protection, consumer credit acts + amendments to anti-terrorism act"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- Lawmakers had a busy day yesterday<\/strong>, giving final votes of approval to several key pieces of legislation. Among the bills that will now be signed into law by the president include:<\/p>\n

The Data Protection Act<\/strong>, which lays out the ground rules for how businesses use personal information collected online, reports Ahram Gate<\/a>. We noted yesterday that the bill already earned majority approval in a plenary session on Sunday<\/a>.<\/p>\n

The <\/strong>Consumer Credit Act<\/a><\/strong>, which will introduce a complete legislative framework regulating consumer finance companies, outline the requirements necessary for their establishment, and set \u201cdetailed\u201d regulations for those in the market. Before receiving a final vote, the House of Representatives prepared a report rounding up the law\u2019s touted benefits, which include giving companies that finance purchases of consumer durables, more clarity and stability to expand their businesses, reports Al Shorouk<\/a>.<\/p>\n

Extension to Tax Dispute Act: <\/strong>The Tax Dispute Act, which will extend a recently expired legislation by mandating newly-established dispute settlement committees to handle tax disputes until 30 June this year, has also received a final approval, according to Masrawy<\/a>. Cabinet had approved<\/a> the bill in December.<\/p>\n

Amendments to Anti-Terrorism Act: <\/strong>Changes to the Anti-Terrorism Act will enact sharper penalties (up to the death penalty) for funding terrorist groups, as well as broaden the definition of what counts as funding terrorist. The changes, which come at a time when Egypt\u2019s legal framework against money laundering and funding terrorism is subject to a review by the the Middle East and North Africa Financial Action Task Force, should now be with the president to be ratified and signed into law, says Masrawy<\/a>.<\/p>\n

Unified Building Code to get a final nod soon: <\/strong>The Unified Building Code<\/a>, which would streamline procedures and cut red tape to obtain building permits, meanwhile received early approval in yesterday's plenary session, reports Al Mal<\/a>. Discussion of the proposed law should continue<\/a> in another general assembly session today. The long-awaited amendments<\/a> would extend the validity of building permits to three year from one, and impose harsher penalties on violators and state officials found guilty of not acting to penalize building code violations, especially for building on agricultural land.<\/p>\n

Also making its way through parliament \u2014 USD 6 mn USAID agreement for North Sinai development: <\/strong>The Constitutional and Legislative Affairs committee has given a nod to a recent agreement<\/a> with the United States Agency for International Development (USAID) to provide an additional USD 6 mn grant for development projects in North Sinai, reports the local press<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Lawmakers had a busy day yesterday, giving final votes of approval to several key pieces of legislation. Among the bills that will now be signed into law by the president include: The Data Protection Act, which lays out the ground rules for how businesses use personal information collected online, reports Ahram Gate. We […]<\/p>\n","protected":false},"author":1,"featured_media":569460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[3184,4487,377,4189,7097,72,180,595,343,2380,69,1880,501,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-anti-terrorism-act","tag-consumer-credit-act","tag-cybersecurity","tag-data-protection-act","tag-development","tag-enterpriseam","tag-legislation","tag-non-banking-financial-services","tag-regulation","tag-speed-round","tag-tax","tag-unified-building-code","tag-usaid","tag-water","wpautop","entry"],"acf":{"mongo_id":"db7cd11e-0a27-4e72-b554-7acff7a0538c","is_powered_by":true,"section_story_id":"618264aa-8ffd-45b8-8b1f-45107b38b3ff","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/319.jpg","photo_position":"above","related_issue":[569449],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s House approves data protection, consumer credit acts + amendments to anti-terrorism act - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/25\/egypts-house-approves-data-protection-consumer-credit-acts-amendments-to-anti-terrorism-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s House approves data protection, consumer credit acts + amendments to anti-terrorism act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Lawmakers had a busy day yesterday, giving final votes of approval to several key pieces of legislation. 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The final vote\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/126.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601446,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cabinet-approves-proposed-changes-to-anti-terrorism-act\/","url_meta":{"origin":569459,"position":1},"title":"Cabinet approves proposed changes to Anti-Terrorism Act","author":"enterpriseam admin","date":"28 February 2019","format":false,"excerpt":"CABINET WATCH- Cabinet approves proposed changes to Anti-Terrorism Act: The Madbouly Cabinet approved yesterday proposed changes to the Anti-Terrorism Act that aim to cut off sources of funding to terrorists and confiscate their assets, according to a cabinet statement. The amendments state that the authorities must confiscate assets, properties, key\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568639,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/consumer-credit-act-talks-to-be-finalized-in-next-two-weeks-fra-says\/","url_meta":{"origin":569459,"position":2},"title":"Consumer Credit Act talks to be finalized in next two weeks, FRA says","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"LEGISLATION WATCH- The Consumer Credit Act will be introduced to the House of Representatives within the coming two weeks, Chairman of the Financial Regulatory Authority Mohamed Omran said yesterday, after the House Economic Committee signed off on the legislation. The local press is reporting that the committee introduced a new\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632628,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/cabinet-approves-amendments-to-anti-terrorism-act-traffic-act-in-weekly-meeting\/","url_meta":{"origin":569459,"position":3},"title":"Cabinet approves amendments to Anti-Terrorism Act, Traffic Act in weekly meeting","author":"enterpriseam admin","date":"15 February 2018","format":false,"excerpt":"CABINET ROUNDUP- The Ismail Cabinet approved yesterday amendments to the Anti-Terrorism Act that tighten penalties for harboring terrorists or aiding them in hiding from security forces, according to an official statement. The amendments also require all hotels to provide the state with updated records of their guests. You\u2019re going to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567559,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/house-approves-tax-dispute-consumer-credit-bills-in-principle\/","url_meta":{"origin":569459,"position":4},"title":"House approves Tax Dispute, Consumer Credit bills in principle","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House approves Tax Dispute Act in principle: The House of Representatives yesterday approved in principle the government\u2019s temporary tax dispute legislation, according to Al Shorouk. The Tax Dispute Act, which gained cabinet approval in December, would extend the recently expired Tax Dispute Resolution Act, mandating newly-established dispute settlement\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/704.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570246,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/24\/el-sisi-ratifies-consumer-credit-act\/","url_meta":{"origin":569459,"position":5},"title":"El Sisi ratifies Consumer Credit Act","author":"enterpriseam admin","date":"24 March 2020","format":false,"excerpt":"El Sisi ratifies Consumer Credit Act: President Abdel Fattah El Sisi has ratified the Consumer Credit Act, the local press reports, carrying a copy of the bill. The legislation, which received House approval late last month, introduces a new regulatory framework for consumer finance companies governing business creation and operations,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=569459"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569459\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/569460"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569459"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569459"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}