Egypt Financial Regulatory Authority chairs IOSCO emerging markets meetings and details e-KYC framework and sustainability oversight

The Egypt Financial Regulatory Authority published an update on its leadership of the International Organization of Securities Commissions’ (IOSCO) Growth and Emerging Markets Committee (GEMC) meetings in Malta on 18–20 November, highlighting IOSCO’s 2026 work programme and the authority’s domestic initiatives to accelerate digitalisation in the non-banking financial sector and embed sustainability into capital markets supervision. IOSCO’s secretary general presented the 2026 action plan to the GEMC steering committee, covering capacity building, technical assistance and emerging-market capital market development, alongside priorities spanning technology, resilience, investor protection and regulatory cooperation. In GEMC discussions on financial inclusion, the authority outlined the legislative and regulatory foundations for fintech-enabled services, including Law No. 5 of 2022 and Egypt Financial Regulatory Authority board resolutions 139–141 of 2023, and described electronic know-your-customer (e-KYC) as a core pillar, supported by advanced digital identity and transaction verification, electronic document authentication, end-to-end digital customer lifecycle management, and protections for sensitive data. It also described a phased approach for firms’ adoption of e-KYC and the creation of a registry of licensed fintech service providers that can deliver digital verification services. Separate GEMC network sessions addressed adoption and use of International Sustainability Standards Board standards, with the authority highlighting its integration of environmental, social and governance considerations into supervisory practices, initiatives to develop sustainable financial products, and training programmes to build sustainability-related capabilities.