The Egypt Financial Regulatory Authority has required licensed non-banking financial activity companies with issued and paid-up capital of EGP 50 million or more to maintain an annual insurance policy covering the professional liability risks of their boards and executive managers as a condition for continuing to hold a licence. Under Decision No. 35 of 2026, the policy must be placed with an insurance company operating in Egypt and renewed annually. Coverage limits must be set in line with the company’s business size and risk profile, but may not be less than 5% of the company’s average revenues over the previous three financial years. Companies must immediately disclose to the authority any change to, or cancellation of, the policy during its term. Companies already operating when the decision takes effect must regularise their position and provide the authority with a copy of the policy within six months from the date the decision enters into force and is published in Al-Waqa'i al-Masriyya and on the authority’s website.
Egypt Financial Regulatory Authority 2026-02-12
Egypt Financial Regulatory Authority mandates annual professional liability insurance for non-banking financial firms with EGP 50m+ capital
The Egypt Financial Regulatory Authority requires licensed non-banking financial companies with capital of EGP 50 million or more to maintain an annual insurance policy for professional liability risks of boards and executives. Under Decision No. 35 of 2026, the policy must be with an Egyptian insurer, renewed annually, and cover at least 5% of the company's average revenues over the past three years. Companies must disclose any policy changes to the authority and regularise their position within six months of the decision's enactment.