The Central Bank of Egypt (CBE) has issued new regulations for credit information and rating companies. The regulations aim to ensure the soundness and efficiency of these companies, as well as to protect the rights and interests of their clients. The companies have one year to comply with the regulations or face penalties. According to Law No. 194 of 2020, the CBE has the authority to license, supervise, and regulate these companies. The CBE will also monitor their compliance with the relevant laws, rules, and standards. The regulations cover various aspects of the companies’ operations, such as: Capital and ownership: The companies must be Egyptian joint-stock entities with a minimum is
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