{"id":601934,"date":"2019-03-13T03:57:50","date_gmt":"2019-03-13T03:57:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/"},"modified":"2019-03-13T03:57:50","modified_gmt":"2019-03-13T03:57:50","slug":"house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/","title":{"rendered":"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services"},"content":{"rendered":"

The House of Representatives\u2019 general assembly agreed yesterday to government-proposed amendments to the Financial Regulatory Authority (FRA)'s regulations of non-banking financial markets and instruments, Ahram Gate reported<\/a>. The amendments include scrapping the FRA's right to deposit fine proceeds in a separate account, a move hoped to increase inflows into the state budget.<\/p>\n","protected":false},"excerpt":{"rendered":"

The House of Representatives\u2019 general assembly agreed yesterday to government-proposed amendments to the Financial Regulatory Authority (FRA)'s regulations of non-banking financial markets and instruments, Ahram Gate reported. The amendments include scrapping the FRA's right to deposit fine proceeds in a separate account, a move hoped to increase inflows into the state budget.<\/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":[9344],"tags":[72,180,2375,595],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601934","post","type-post","status-publish","format-standard","hentry","category-legislation-policy","tag-enterpriseam","tag-legislation","tag-legislation-policy","tag-non-banking-financial-services","wpautop","entry"],"acf":{"mongo_id":"26289f9c-fdf2-4d78-8ee4-997f62d32c89","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601898],"teaser":"","voice_url":""},"yoast_head":"\nHouse agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services - 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\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives\u2019 general assembly agreed yesterday to government-proposed amendments to the Financial Regulatory Authority (FRA)'s regulations of non-banking financial markets and instruments, Ahram Gate reported. The amendments include scrapping the FRA's right to deposit fine proceeds in a separate account, a move hoped to increase inflows into the state budget.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-13T03:57:50+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services\",\"datePublished\":\"2019-03-13T03:57:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/\"},\"wordCount\":66,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"legislation\",\"Legislation + Policy\",\"non-banking financial services\"],\"articleSection\":[\"Legislation + Policy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/\",\"name\":\"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-03-13T03:57:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services\"}]},{\"@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":"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services - 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\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/","og_locale":"en_US","og_type":"article","og_title":"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services","og_description":"The House of Representatives\u2019 general assembly agreed yesterday to government-proposed amendments to the Financial Regulatory Authority (FRA)'s regulations of non-banking financial markets and instruments, Ahram Gate reported. The amendments include scrapping the FRA's right to deposit fine proceeds in a separate account, a move hoped to increase inflows into the state budget.","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-03-13T03:57:50+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services","datePublished":"2019-03-13T03:57:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/"},"wordCount":66,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","legislation","Legislation + Policy","non-banking financial services"],"articleSection":["Legislation + Policy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/","name":"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-03-13T03:57:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/house-agrees-to-govt-proposed-amendments-to-fra-regs-for-non-banking-services\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"House agrees to gov\u2019t-proposed amendments to FRA regs for non-banking services"}]},{"@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":603268,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/house-approves-amendment-on-non-banking-financial-markets-monitoring-law\/","url_meta":{"origin":601934,"position":0},"title":"House approves amendment on non-banking financial markets monitoring law","author":"enterpriseam admin","date":"17 April 2019","format":false,"excerpt":"LEGISLATION WATCH- Parliament approves amendment giving treasury big chunk of FRA proceeds: The House of Representatives gave its final approval to amendments to the monitoring regulations of non-banking financial markets and tools, Ahram Gate reports. The amendments will see the Financial Regulatory Authority channel 80% of its proceeds to state\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":598762,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/official-gazette-publishes-non-banking-financial-markets-monitoring-law-amendments\/","url_meta":{"origin":601934,"position":1},"title":"Official Gazette publishes non-banking financial markets monitoring law amendments","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"The Official Gazette has published amendments to the monitoring regulations of non-banking financial markets and instruments, which will see the Financial Regulatory Authority channel 80% of its proceeds from depository services to state coffers, Al Shorouk reports.","rel":"","context":"In "Legislation + Policy"","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556260,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/house-committee-gives-final-nod-to-proposed-fintech-law\/","url_meta":{"origin":601934,"position":2},"title":"House committee gives final nod to proposed fintech law","author":"enterpriseam admin","date":"18 October 2021","format":false,"excerpt":"The House of Representatives\u2019 CIT Committee yesterday gave final approval to a draft law to regulate Egypt\u2019s fintech sector, Al Mal reports. The proposed law would govern fintech use by non-banking financial services (NBFS) providers, as well as put the Financial Regulatory Authority in charge of overseeing the fintech space.\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598384,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/23\/egypts-fra-to-bring-sme-financing-under-2014-microfinance-law\/","url_meta":{"origin":601934,"position":3},"title":"Egypt\u2019s FRA to bring SME financing under 2014 microfinance law","author":"enterpriseam admin","date":"23 May 2019","format":false,"excerpt":"LEGISLATION WATCH- FRA to bring SME financing under 2014 microfinance law: Dedicated SME lenders including finance companies and NGOs could be governed under the 2014 microfinance law (pdf) after the Financial Regulatory Authority\u2019s (FRA) board of directors approved amendments to the legislation, the regulator said in a statement (pdf). 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":659851,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/03\/fra-proposes-amendments-to-ease-establishment-investment-vc-funds\/","url_meta":{"origin":601934,"position":4},"title":"FRA proposes amendments to ease establishment investment, VC funds","author":"enterpriseam admin","date":"3 February 2025","format":false,"excerpt":"The proposals would allow investors to set up investment and VC funds under any type of corporate structure approved by the FRA board","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1569.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600945,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/cabinet-nods-to-law-granting-egypts-fra-operational-autonomy\/","url_meta":{"origin":601934,"position":5},"title":"Cabinet nods to law granting Egypt\u2019s FRA operational autonomy","author":"enterpriseam admin","date":"14 February 2019","format":false,"excerpt":"CABINET WATCH- Cabinet gives nod to autonomy for the Financial Regulatory Authority: The Madbouly Cabinet approved yesterday a draft act that would grant the Financial Regulatory Authority (FRA) technical, financial and administrative autonomy from the government, according to a statement. The proposed law would require the FRA to submit an\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\/601934","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=601934"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601934\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601898"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601934"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601934"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}