{"id":605076,"date":"2018-12-20T07:51:20","date_gmt":"2018-12-20T07:51:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/"},"modified":"2018-12-20T07:51:20","modified_gmt":"2018-12-20T07:51:20","slug":"egypts-fra-to-start-insurance-act-draft-discussion-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/","title":{"rendered":"Egypt\u2019s FRA to start Insurance Act draft discussion next week"},"content":{"rendered":"<p><b>LEGISLATION WATCH- FRA to put draft Insurance Act up for discussion next week: <\/b>The Financial Regulatory Authority (FRA) has a draft of legislation that would regulate the insurance sector, <a href=\"https:\/\/alborsaanews.com\/2018\/12\/19\/1163225\">FRA deputy head Reda Abdel Moaty announced<\/a>, and will begin public consultations on the draft next week. A final draft will then go to the House of Representatives before the end of 2019. Announced <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/03\/fra-stakes-claim-total-claim-to-insurance-sector-in-amendments-to-the-insurance-act\/\">earlier this year<\/a>, the <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/17\/fra-to-complete-insurance-act-draft-this-month-expects-to-send-it-to-cabinet-by-december\/\">Insurance Act<\/a> would make the FRA the primary regulator of the insurance sector, governing the establishment and licensing of insurance companies as well as setting industry standards and regulating transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- FRA to put draft Insurance Act up for discussion next week: The Financial Regulatory Authority (FRA) has a draft of legislation that would regulate the insurance sector, FRA deputy head Reda Abdel Moaty announced, and will begin public consultations on the draft next week. A final draft will then go to the House [&hellip;]<\/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":[72,76,274,180,2380,703],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605076","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-financial-regulatory-authority","tag-house-of-representatives","tag-legislation","tag-speed-round","tag-unified-insurance-act","wpautop","entry"],"acf":{"mongo_id":"1cd5bbfb-a8e6-4f56-97cf-e930ff1b4300","order":"0","is_powered_by":true,"section_story_id":"e1b459e0-11df-450e-a17e-e10695fd5608","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605063],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s FRA to start Insurance Act draft discussion next week - 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\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s FRA to start Insurance Act draft discussion next week\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- FRA to put draft Insurance Act up for discussion next week: The Financial Regulatory Authority (FRA) has a draft of legislation that would regulate the insurance sector, FRA deputy head Reda Abdel Moaty announced, and will begin public consultations on the draft next week. A final draft will then go to the House [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-20T07:51:20+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\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s FRA to start Insurance Act draft discussion next week\",\"datePublished\":\"2018-12-20T07:51:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/\"},\"wordCount\":107,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Financial Regulatory Authority\",\"House of Representatives\",\"legislation\",\"SPEED ROUND\",\"Unified Insurance Act\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-fra-to-start-insurance-act-draft-discussion-next-week\/\",\"name\":\"Egypt\u2019s FRA to start Insurance Act draft discussion next week - 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Insurance companies that caught a glimpse of the draft bill ahead of time\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598642,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/30\/egypts-fra-wraps-up-insurance-act-consultations\/","url_meta":{"origin":605076,"position":1},"title":"Egypt\u2019s FRA wraps up Insurance Act consultations","author":"enterpriseam admin","date":"30 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Regulator wraps up Insurance Act consultations: The Financial Regulatory Authority (FRA) has wrapped up several rounds of consultations on the new Insurance Act, FRA head Mohamed Omran said, according to a statement (pdf). There was no mention of the outcome of the sessions, which saw participation from industry\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/232.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595080,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypts-regulator-to-hand-new-insurance-act-to-cabinet-this-week\/","url_meta":{"origin":605076,"position":2},"title":"Egypt\u2019s regulator to hand new Insurance Act to cabinet this week","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"LEGISLATION WATCH- Insurance Act to make its way to Cabinet this week: The Financial Regulatory Authority (FRA) will hand over the final draft of the new Insurance Act, which will grant the authority more oversight over the insurance industry, to the Madbouly Cabinet for approval this week, FRA deputy head\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597547,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/30\/fra-gives-itself-all-regulatory-power-over-industry-in-insurance-act\/","url_meta":{"origin":605076,"position":3},"title":"FRA gives itself all regulatory power over industry in Insurance Act","author":"enterpriseam admin","date":"30 July 2019","format":false,"excerpt":"LEGISLATION WATCH- Draft Insurance Act grants sweeping new powers to market regulator: The Financial Regulatory Authority (FRA) will be granted sweeping new powers to regulate the insurance industry under the final draft of the Insurance Act, Al Masry Al Youm reports. The watchdog would vet all candidates applying for board\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":599182,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/egypts-fra-finalizes-new-insurance-act-capital-minimum-more-or-less-the-same\/","url_meta":{"origin":605076,"position":4},"title":"Egypt\u2019s FRA finalizes new Insurance Act, capital minimum more or less the same","author":"enterpriseam admin","date":"20 June 2019","format":false,"excerpt":"LEGISLATION WATCH- Small amendments to capital requirements in latest draft of proposed Insurance Act: The Financial Regulatory Authority (FRA) has largely kept minimum capital requirements for property and life insurance companies unchanged in the final draft of the new Insurance Act, sources told Al Mal. 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