The Prime Minister meets the head of the Financial Supervision Authority

& Nbsp; Dr. Mustafa Madbouly, Prime Minister, praised the efforts of the General Authority for Financial Supervision, in developing and developing the non -banking financial sector to enhance his role in the national economy. The meeting, the Chairman of the Financial Supervision Authority reviewed a report on the authority’s efforts during the last period, noting the strengthening of the role of the non -banking financial sector in the national economy, and maximizing its positive and sustainable development impact on the Egyptian society, stressing the work during the last period on various axes through which it targeted the acceleration of digital transformation and the activation of the voluntary carbon market, with the announcement of the launch of the organizational laboratory of the non -banking financial sector, and the first website To register carbon emissions projects. It was already circulating, and the number of carbon certificates registered at the authority’s database reached 170 thousand certificates. Their money.

& nbsp; Similar to. Financial technology in non -banking financial activities, and the decisions of the Board of Directors of the Authority No. 139, 140 and 141 of 2023. Other companies at the present time procedures for registration in the outsourcing record of the authority, as well as the establishment of 4 startups working in the field of non -banking financing using financial technology, and 14 other companies from the sector workers submitted requests to transform and submit their services digitally, and requests for establishing 7 other startups are being studied to work in non -digitally different bank financing activities.

& nbsp; The rules, controls and rates of investment of private insurance funds, and insurance companies have been modified, which provided more diverse investment channels for the first time compared to the above, including documents of investment funds in metals or any certificates or financial tools guaranteed by minerals circulated by Egyptian stock exchanges, and open investment fund documents in stocks bound by stock exchanges, as well as documents Egypt.

& nbsp; With Egyptian stock exchanges, directing 10% of the money invested with a maximum of persons insurance companies and 5% at most of the funds invested from property insurance companies and responsibilities for real estate investment funds documents. Various members and groups of society, as the law entrusted the authority’s board of directors to set the rules, controls and procedures that regulate the performance of the sector. Gold, Al -Ahly Investment Fund for Financial Investment Management, and the Beltone -Evolf Investment Fund in gold, while another fund obtained the approval of the authority and the subscription coverage is currently under its documents, explaining that the total of what was invested through investment funds in gold amounted to 1.7 billion pounds, where 184.6 thousand investors were attracted until the date of March 27 2025.

& nbsp; The acquisition (SPAC) to enable startups to access funding from the stock market in support The subscribers to increase the capital of the Spac company at the subscription price, which represents the fair value, while allowing the trading of the SPAC shares for the customers of the customers after the completion of the acquisition, which resulted in the registration of the first capital company for the purpose of acquisition with a capital of 10 million pounds before it raises its capital to 235 million pounds through investors Qualification.

& nbsp; In support of competitive neutrality. Control by inspection of non-banking companies and financial institutions subject to the supervision and control of the authority, which included more than 200 companies to ensure that they comply with the protection rules for customers and in support of the stability of the markets that included (the capital market-non-banking financing-insurance).

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