Arab Finance: The Financial Supervision Authority, headed by Dr. Mohamed Farid, agreed to grant a license to the bank Standard Chartered The British Standard Chartered Bank, to practice the activity of custodians, in accordance with Law No. (93) of 2000 issuing the Central Deposit and Registry of Securities Law and its executive regulations and amendments issued by Law No. 143 of 2020 and the decision of the Chairman of the Authority’s Board of Directors No. 7 of 2002, issued in this regard. The matter.
The Financial Supervisory Authority continues to formulate and design the policies and plans and issue the necessary regulations to ensure the stability of the markets and non-banking financial institutions while working to develop and grow the markets and protect the rights of all dealers, in light of the continuous study of the needs of the non-banking financial markets, in a way that provides a business and investment environment conducive to meeting the needs of… Individuals from investment, insurance and financing services, as well as companies wishing to diversify their sources of financing to support their business development plans and improve their financial and operational performance indicators, in keeping with global practices and integrating with the priorities of the Egyptian government’s comprehensive sustainable development plans, which contributes to strengthening the capabilities of the non-banking financial sector and improving It is competitive in attracting more local and foreign investments, as well as helping international companies and institutions provide their services from within Egypt.
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