Egypt Financial Regulatory Authority trains economic editors on insurance capital hikes to EGP 600 million, the regulatory sandbox and the regulated voluntary carbon market

Egypt’s Financial Regulatory Authority held two days of training workshops for economic editors, outlining recent performance trends and its current reform agenda across capital markets, insurance and other non-banking financial services. The programme covered ongoing supervisory initiatives including insurance sector development, regulation of digital investment platforms, operation of the authority’s regulatory sandbox and the rollout of a regulated voluntary carbon market. Sessions discussed the Unified Insurance Law issued in July 2024 and related implementing decisions, including minimum capital requirements for insurance-related professions and activities, and a requirement for insurers to increase their issued and paid-up capital in two phases to EGP 600 million. The workshops also reviewed rules, limits and specified ratios for investing the funds of insurance and reinsurance companies, and binding deadlines for preparing financial statements for companies and insurance pools, alongside technical briefings on derivatives and securities borrowing for short selling. Other presentations covered the board decision establishing and operating the regulatory sandbox, the legal framework being built for investment via digital platforms starting with platforms for real estate investment fund units and rules for licensed platforms offering private equity and venture capital fund units, and the authority’s framework for the regulated voluntary carbon market including the project registration platform and rules for issuing, registering and trading carbon certificates. The authority indicated it will continue to organise further events and training programmes to support market development and financial literacy.