{"id":574750,"date":"2020-09-21T04:02:46","date_gmt":"2020-09-21T04:02:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/"},"modified":"2020-09-21T04:02:46","modified_gmt":"2020-09-21T04:02:46","slug":"insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/","title":{"rendered":"Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations<\/strong>: <\/strong>The Financial Regulatory Authority (FRA) has approved a draft bill that would regulate the use of financial technology to deliver non-bank financial services, it said in a statement<\/a>. The bill was reviewed by representatives from the Central Bank of Egypt, the National Telecommunications Regulatory Authority, and the Money Laundering and Terrorist Financing Combating Unit. The 34-article bill, the first draft of which the FRA completed in July<\/a>, covers crowdfunding, robo-advisory, nano-finance, and insurtech. The legislation would enable the FRA to license and regulate crowdfunding platforms, and issue temporary fintech startup licenses. Violations would result in imprisonment or fines of EGP 200k-1 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations: The Financial Regulatory Authority (FRA) has approved a draft bill that would regulate the use of financial technology to deliver non-bank financial services, it said in a statement. The bill was reviewed by representatives from the Central Bank of Egypt, […]<\/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":[72,76,183,876,5916,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574750","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-financial-regulatory-authority","tag-fintech","tag-nano-lending","tag-regulate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0d59b8d8-cfa8-4d41-8c9e-af80e1620e1e","is_powered_by":true,"section_story_id":"bf938e40-6e17-4f83-bc18-91f04a41016e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[574743],"teaser":"","voice_url":""},"yoast_head":"\nInsurtech, crowdfunding startups and other fintech players could soon face new FRA regulations - 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\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations: The Financial Regulatory Authority (FRA) has approved a draft bill that would regulate the use of financial technology to deliver non-bank financial services, it said in a statement. The bill was reviewed by representatives from the Central Bank of Egypt, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-21T04:02:46+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\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations\",\"datePublished\":\"2020-09-21T04:02:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Financial Regulatory Authority\",\"Fintech\",\"Nano lending\",\"regulate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/insurtech-crowdfunding-startups-and-other-fintech-players-could-soon-face-new-fra-regulations\/\",\"name\":\"Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations - 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