FILE: The Cabinet, headed by the acting Prime Minster Mustafa Madbouli, review on Wednesday a comprehensive report on the duties carried out by various ministries and bodies with regard to developing the services provided to residents of al Rawda village FILE: The Cabinet, headed by the acting Prime Minster Mustafa Madbouli, review on Wednesday a comprehensive report on the duties carried out by various ministries and bodies with regard to developing the services provided to residents of al Rawda village

Cabinet approves bill on independence, regulation of FRA

By: MENA
Wed, Feb. 13, 2019
CAIRO - 14 February 2019: The cabinet approved during its weekly meeting on Wednesday a bill on the independence and management system of the Financial Regulatory Authority (FRA).

The bill falls within the framework of realizing financial and administrative independence of the authority.

Under the bill, the authority will present an annual report on its efforts and activities in addition to analysis of the non-banking capital markets and monitoring and regulatory measures.

The report will be presented to the president, the parliament speaker and the premier.

The bill regulates also the appointment of the authority's chairman and board members.
 
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