Egypt’s Financial Regulator Issues Compliance Circular for Insurance Consultants

Egypt’s Financial Regulatory Authority has issued a circular setting out requirements for insurance consulting experts to bring their status into compliance with the Unified Insurance Law.

The circular concerns experts who were registered with the authority before Law No. 155 of 2024 came into effect.

It addresses the transition for those already on the regulator’s registers, outlining the need to align their status with the requirements of the unified legal framework.

The announcement signals a strict approach to non-compliance. However, the available summary does not specify the measures that could be taken against experts who fail to meet the requirements.

No compliance deadline or detailed list of the required steps was provided in the summary.