The Egypt Financial Regulatory Authority has issued a new framework for establishing, registering, and supervising auxiliary bodies that provide support services to the insurance sector, including insurance institutes, training centres, and shared computing, information technology, and data-processing facilities set up by insurance companies. The rules prohibit these entities from carrying out any insurance or reinsurance activity, or activities linked to them, and limit operations to the purpose for which the body was created. The decision sets out the documents required for creation and registration, including general assembly minutes, a statement of objectives, a business plan, a five-year economic feasibility study, a proposed organisational structure, details of the board and executive director, and expected financial resources. Registration is conditional on entry in a dedicated register held by the Authority following board approval and payment of the prescribed fee, with core particulars recorded such as name, purpose, headquarters, and management. Ongoing requirements include notifying the Authority of amendments to key data or the constitutional documents, maintaining an electronic or paper record of activities and services, submitting an annual activity and financial-position report within three months of the financial year-end with approved financial statements prepared under Egyptian Accounting Standards, and being subject to inspection; the Authority’s chair may delete a registration in specified cases including breaches of the decision or insurance legislation. Auxiliary bodies already operating when the rules take effect have six months from the effective date, which is the day after publication in the Official Gazette and on the Authority’s website, to regularise their status.

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