{"id":571247,"date":"2020-05-05T04:00:52","date_gmt":"2020-05-05T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/"},"modified":"2020-05-05T04:00:52","modified_gmt":"2020-05-05T04:00:52","slug":"parliament-gives-preliminary-thumbs-up-to-banking-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/","title":{"rendered":"Parliament gives preliminary thumbs-up to Banking Act"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- House approves proposed Banking Act \u201cin principle\u201d: <\/strong>The House of Representatives yesterday gave preliminary approval to the proposed Banking and Central Bank Act, according to a local press report<\/a> citing state news agency MENA. The long-awaited legislative overhaul will now be up for a final vote before being signed into law by President Abdel Fattah El Sisi. The bill, which has been in the works since 2017, would grant the CBE increased oversight over the banking sector, introduce measures governing e-payment, fintech businesses, and cryptocurrencies, and strengthen data protection and consumer privacy. It would, if passed, also impose a 1% levy on bank profits to endow an industry development fund. You can find out more about the details of the legislation here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- House approves proposed Banking Act \u201cin principle\u201d: The House of Representatives yesterday gave preliminary approval to the proposed Banking and Central Bank Act, according to a local press report citing state news agency MENA. The long-awaited legislative overhaul will now be up for a final vote before being signed into law by President […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[5066,72,180,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571247","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking-and-central-bank-act","tag-enterpriseam","tag-legislation","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f72259e2-cc92-4022-8693-8f7b3864a818","is_powered_by":true,"section_story_id":"0d424eef-282e-474b-b660-46b62e662fc5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[571237],"teaser":"","voice_url":""},"yoast_head":"\nParliament gives preliminary thumbs-up to Banking 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\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parliament gives preliminary thumbs-up to Banking Act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House approves proposed Banking Act \u201cin principle\u201d: The House of Representatives yesterday gave preliminary approval to the proposed Banking and Central Bank Act, according to a local press report citing state news agency MENA. The long-awaited legislative overhaul will now be up for a final vote before being signed into law by President […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-05T04:00:52+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Parliament gives preliminary thumbs-up to Banking Act\",\"datePublished\":\"2020-05-05T04:00:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/\"},\"wordCount\":129,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Banking and Central Bank Act\",\"EnterpriseAM\",\"legislation\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/\",\"name\":\"Parliament gives preliminary thumbs-up to Banking Act - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-05-05T04:00:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Parliament gives preliminary thumbs-up to Banking Act\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Parliament gives preliminary thumbs-up to Banking Act - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/","og_locale":"en_US","og_type":"article","og_title":"Parliament gives preliminary thumbs-up to Banking Act","og_description":"LEGISLATION WATCH- House approves proposed Banking Act \u201cin principle\u201d: The House of Representatives yesterday gave preliminary approval to the proposed Banking and Central Bank Act, according to a local press report citing state news agency MENA. The long-awaited legislative overhaul will now be up for a final vote before being signed into law by President […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-05-05T04:00:52+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Parliament gives preliminary thumbs-up to Banking Act","datePublished":"2020-05-05T04:00:52+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/"},"wordCount":129,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Banking and Central Bank Act","EnterpriseAM","legislation","regulation","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/","name":"Parliament gives preliminary thumbs-up to Banking Act - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-05-05T04:00:52+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/parliament-gives-preliminary-thumbs-up-to-banking-act\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Parliament gives preliminary thumbs-up to Banking Act"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":567253,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-committee-asks-amer-to-clarify-aspects-of-banking-act\/","url_meta":{"origin":571247,"position":0},"title":"House committee asks Amer to clarify aspects of Banking Act","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House committee asks Amer to clarify aspects of Banking Act: The House of Representatives\u2019 Economic Committee has approved the proposed overhaul of the Central Bank and Banking Act in principle but asked central bank Governor Tarek Amer to clarify several aspects of the bill, according to Al Mal.\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\/621.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598293,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/banking-act-to-impose-term-limits-on-board-members-at-state-owned-banks\/","url_meta":{"origin":571247,"position":1},"title":"Banking Act to impose term limits on board members at state-owned banks","author":"enterpriseam admin","date":"21 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Banking Act to impose term limits on board members at state-owned banks: The new draft Banking Act would, if passed, would put a cap of three consecutive terms on board members of state-owned banks, according to Masrawy. The current version of the law imposes no term limits, but\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\/2018\/11\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573100,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/house-approves-amendment-to-public-enterprises-act-postpones-approval-on-central-bank-act-covid-19-salary-tax\/","url_meta":{"origin":571247,"position":2},"title":"House approves amendment to Public Enterprises Act, postpones approval on Central Bank Act, covid-19 salary tax","author":"enterpriseam admin","date":"20 July 2020","format":false,"excerpt":"LEGISLATION WATCH- House approves amendment to Public Enterprises Act, postpones approval on Central Bank Act, covid-19 salary tax: The House of Representatives yesterday approved an amendment to the Public Enterprises Act that would allow the Sovereign Fund of Egypt to assume ownership of assets belonging to public sector companies, Al\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\/7\/159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571603,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/18\/house-approves-draft-banking-act-with-new-provisions\/","url_meta":{"origin":571247,"position":3},"title":"House approves draft Banking Act with new provisions","author":"enterpriseam admin","date":"18 May 2020","format":false,"excerpt":"LEGISLATION WATCH- House approves draft Banking Act with new provisions: The House of Representatives has approved the long-awaited Banking and Central Bank Act with several new provisions and shipped it off to the State Council for final legal review, the local press reported yesterday, citing MENA. The legislation, which received\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\/5\/188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598589,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/crypto-businesses-will-need-to-obtain-licenses-under-proposed-banking-act\/","url_meta":{"origin":571247,"position":4},"title":"Crypto businesses will need to obtain licenses under proposed Banking Act","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Aspiring crypto businesses are going to need licenses: Companies looking to establish digital currency and cryptocurrency platforms will be required to obtain licenses under the proposed Banking Act, an unnamed central bank official told state news agency MENA without providing further details. The bill would also give the\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":598125,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/cbe-boss-presents-draft-banking-act-to-cabinet\/","url_meta":{"origin":571247,"position":5},"title":"CBE boss presents draft Banking Act to cabinet","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Central Bank of Egypt Governor Tarek Amer presented to the Cabinet economic group yesterday an amended draft of the Banking Act, Al Mal reports. No further details were provided on the changes, but sources told the local press last month that a revised version of the bill would\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\/571247","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=571247"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571247\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571237"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571247"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571247"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}