Egypt Financial Regulatory Authority wins sixth consecutive term on the IOPS executive committee for 2026-27

The Egypt Financial Regulatory Authority (FRA) announced that Egypt has retained its seat on the executive committee of the International Organisation of Pension Supervisors (IOPS) for the 2026–27 term, marking a sixth consecutive re-election. The executive committee is responsible for setting and delivering IOPS’ work strategy, including efforts to strengthen cooperation among members to support financial stability, financial inclusion and stronger supervisory frameworks. IOPS, founded in 2004, is an international forum for regulatory policy dialogue, information exchange and standard-setting on the supervision of pension and private insurance funds, and has 77 member countries. The 15-member executive committee election took place during IOPS’ annual general assembly in Istanbul. FRA chair Mohamed Farid linked the re-election to the authority’s recent regulatory work on private insurance funds, including issuing executive decisions in 2024 and 2025 to implement Egypt’s Unified Insurance Law (Law No. 155 of 2024), covering areas such as standardised fund statutes, registration and liquidation rules, financial year settings, investment rules and limits, periodic financial reporting, board expertise requirements, user complaints handling and selected fees and services. The FRA also reported that private insurance funds held around EGP 184.7bn in total assets at end-2024, with about 4.8 million members and investments of roughly EGP 168.1bn.