The Egypt Financial Regulatory Authority has given companies and entities operating in non-bank financial activities an additional six months to comply with its new register for financial receivables collection activity. Once the extended deadline expires on Jan. 22, 2027, those firms will be prohibited from dealing with any collection company that is not registered with the authority. The extension is intended to give firms more time to meet registration conditions under the framework introduced to regulate collection activity and curb unregulated practices. So far, the authority has approved the registration of two collection companies and is reviewing applications from more than 30 others. Registration requirements include taking a commercial company legal form, having collection activity among the company’s purposes, maintaining issued and paid-up capital of at least EGP 10 million or the foreign currency equivalent, and equity of at least EGP 20 million. Where the minimum equity threshold is not met, a company must have carried on the activity for at least three years before applying, and its equity must in all cases be no lower than its paid-up capital. The rules also require non-bank finance firms to inform clients about the collection companies they use, how to verify collectors’ identities and the official communication channels, and to track complaints and take corrective action. For breaches by registered collection companies, the Financial Regulatory Authority chairman may impose administrative measures including warnings, temporary suspension or final removal from the register.
Egypt Financial Regulatory Authority2026-07-20
Egypt Financial Regulatory Authority extends deadline for non-bank finance firms to use only registered collection companies until Jan. 22, 2027
The Egypt Financial Regulatory Authority has extended by six months the period for non-bank finance firms to shift to using only registered collection companies, with the ban on dealing with unregistered firms taking effect after Jan. 22, 2027. Two companies have been registered so far and more than 30 applications are under review. The framework also sets capital and equity thresholds for collection firms and requires client disclosure, complaint follow-up and identity verification controls.