{"id":631278,"date":"2018-03-14T04:17:34","date_gmt":"2018-03-14T04:17:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/"},"modified":"2018-03-14T04:17:34","modified_gmt":"2018-03-14T04:17:34","slug":"house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/","title":{"rendered":"House ICT Committee approves Cyber Crimes Act clause on banning websites"},"content":{"rendered":"<p><strong>LEGISLATION WATCH- The House of Representatives\u2019 Economics Committee has completed its review of the Leasing Act<\/strong> and plans to bring it to a plenary discussion following the presidential elections this month, Al Mal reports. The legislation, which sets up a regulatory framework for factoring and leasing, had been amended by the Financial Regulatory Authority as part of its drive to improve access to finance for small businesses. Key features of the law, the most <a href=\"http:\/\/www.almalnews.com\/Story\/368797\/19\/%D9%86%D9%86%D8%B4%D8%B1-%D9%85%D8%B3%D9%88%D8%AF%D8%A9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%AA%D8%A3%D8%AC%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D8%AE%D8%B5%D9%8A%D9%85-%D8%A8%D8%B9%D8%AF-%D9%85%D9%88%D8%A7\">recent draft of which was published by the newspaper<\/a>, include:<\/p>\n<ul>\n<li><strong>Allowing SME financing companies and finance-focused NGOs <\/strong>to offer leasing services to small and medium enterprises;<\/li>\n<li>Setting <strong>a minimum capital requirement<\/strong> for factoring and leasing companies of EGP 10 mn;<\/li>\n<li><strong>Sanctioning operating leasing services<\/strong>, which allows for the temporary leasing of assets without transfer of ownership rights;<\/li>\n<li>Leasing contracts <strong>must be registered with the Financial Regulatory Authority<\/strong>. <\/li>\n<\/ul>\n<p>Meanwhile, <strong>Parliament\u2019s Housing Committee has agreed to set the fee for building owners and developers to settle building code violations at 10% of the property\u2019s market price<\/strong>, <a href=\"http:\/\/almalnews.com\/Story\/368664\/19\/%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A910-%D9%85%D9%86-%D9%82%D9%8A%D9%85%D8%A9-%D8%A7%D9%84%D9%88%D8%AD%D8%AF%D8%A9-%D8%BA%D8%B1%D8%A7%D9%85%D8%A9-%D8%A7%D9%84%D8%AA%D8%B5%D8%A7%D9%84%D8%AD-%D8%A8%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D9%86%D9%89-%D8%A7%D9%84%D9%85%D8%AE%D8%A7%D9%84%D9%81%D8%A9\">Al Mal reports<\/a>. The fee is proposed in a draft law that would specifically focus on settling building code violations. The law would have a temporary mandate of around three months, Housing Minister Mostafa Madbouly <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/20\/parliament-discusses-law-setting-framework-for-developers-to-settle-building-violations\/\">said previously<\/a>. Certain conditions need to be met before a settlement can be reached, including meeting building safety regulations. It not clear why the committee had decided to look into the act, after it had previously voted not to pass it until the Unified Building Codes had been enacted, saying the two pieces of legislation are closely linked. The reconciliation drive <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/22\/last-nights-talk-shows-on-22-february-2018\/\">is expected to earn<\/a> state coffers c. EGP 72 bn from around 1.8 mn buildings that are in violation of existing codes.<\/p>\n<p>In other legislative news, <strong>the House ICT Committee approved yesterday a clause of the Cyber Crimes Act regulating website bans<\/strong>, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1840109.aspx\">Ahram Gate reports<\/a>. The clause grants the Prosecutor General the authority to ban websites that publish any content deemed criminal or posing a threat to the country\u2019s national and economic security. The committee also approved setting fines of up to EGP 200k for cyber crimes after the contentious debate, <a href=\"http:\/\/www.almalnews.com\/Story\/368765\/19\/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-5-%D8%A2%D9%84%D8%A7%D9%81-%D8%AC%D9%86%D9%8A%D9%87-%D8%A7%D9%84%D8%AD%D8%AF-%D8%A7%D9%84%D8%A3%D8%AF%D9%86%D9%89-%D9%84%D8%BA%D8%B1%D8%A7%D9%85%D8%A7%D8%AA-%D8%AC%D8%B1%D8%A7%D8%A6%D9%85-%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%B1%D9%86%D8%AA%E2%80%8E\">according to Al Mal<\/a>. The committee decided to postpone its final vote on other clauses requiring service providers to cooperate with security entities to combat cyber crimes, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=13032018&id=28db2427-b0e8-4bb1-9688-f82fe2dbede8\">Al Shorouk reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- The House of Representatives\u2019 Economics Committee has completed its review of the Leasing Act and plans to bring it to a plenary discussion following the presidential elections this month, Al Mal reports. The legislation, which sets up a regulatory framework for factoring and leasing, had been amended by the Financial Regulatory Authority as [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631278","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"83e9fcfb-9955-4c32-b679-f3e17dd25a5a","order":"0","is_powered_by":true,"section_story_id":"7e48eac7-58c1-416a-8998-8539759c16a2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631260],"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>House ICT Committee approves Cyber Crimes Act clause on banning websites - 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\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House ICT Committee approves Cyber Crimes Act clause on banning websites\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The House of Representatives\u2019 Economics Committee has completed its review of the Leasing Act and plans to bring it to a plenary discussion following the presidential elections this month, Al Mal reports. The legislation, which sets up a regulatory framework for factoring and leasing, had been amended by the Financial Regulatory Authority as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-14T04:17:34+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House ICT Committee approves Cyber Crimes Act clause on banning websites\",\"datePublished\":\"2018-03-14T04:17:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/\"},\"wordCount\":395,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/\",\"name\":\"House ICT Committee approves Cyber Crimes Act clause on banning websites - 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The legislation, which the Ismail Cabinet approved last August, sets up a regulatory framework for\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":599741,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/egypt-sets-rules-for-leasing-and-factoring-companies-to-appeal-fra-decisions\/","url_meta":{"origin":631278,"position":1},"title":"Egypt sets rules for leasing and factoring companies to appeal FRA decisions","author":"enterpriseam admin","date":"9 January 2019","format":false,"excerpt":"REGULATION WATCH- Madbouly sets framework for leasing and factoring companies to appeal FRA decisions: Prime Minister Moustafa Madbouly issued on Saturday a decree outlining the avenues for leasing and factoring players to appeal administrative decisions from the Financial Regulatory Authority (FRA) in accordance with the Leasing and Factoring Act. Under\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":598384,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/23\/egypts-fra-to-bring-sme-financing-under-2014-microfinance-law\/","url_meta":{"origin":631278,"position":2},"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 &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":628051,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/house-approves-leasing-and-factoring-act\/","url_meta":{"origin":631278,"position":3},"title":"House approves Leasing and Factoring Act","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"LEGISLATION WATCH- House approves Leasing and Factoring Act: The House of Representatives gave its final approval to the Leasing and Factoring Act during a plenary session yesterday, Al Masry Al Youm reports. The law, which regulates leasing and factoring as non-banking financing tools that are subject to oversight by the\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":634529,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/fra-boss-expects-capital-markets-act-to-be-issued-in-february\/","url_meta":{"origin":631278,"position":4},"title":"FRA boss expects Capital Markets Act to be issued in February","author":"enterpriseam admin","date":"17 January 2018","format":false,"excerpt":"LEGISLATION WATCH- The Capital Markets Act is expected to come out sometime in February, Financial Regulatory Authority (FRA) head Mohamed Omran said yesterday, Al Mal reports. The House\u2019s Economics Committee had said in December that it was close to finalizing its review of the act \u2014 which should clear the\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":564172,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","url_meta":{"origin":631278,"position":5},"title":"And Egypt\u2019s first microleasing license goes to...","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. This will make the company \u2014 which also received the country\u2019s first SME microfinancing\u2026","rel":"","context":"In &quot;SPEED ROUND: FINANCE&quot;","block_context":{"text":"SPEED ROUND: FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631278","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=631278"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631278\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/631260"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=631278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=631278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=631278"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=631278"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=631278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}