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Policy Pulse - FRA’s Regulatory Sandbox

The Financial Regulatory Authority (FRA) through its Decree No. 163 of 2024, has launched Egypt's first regulatory sandbox, a groundbreaking initiative designed to foster financial technology (fintech) innovation in the non-banking financial sector. By creating a secure, controlled environment for testing innovative solutions, the sandbox aims to overcome regulatory barriers and accelerate digital transformation.

Key Features:

  • Real-Time Testing: Allows fintech innovators to pilot solutions under flexible regulatory conditions.
  • Collaboration: Brings startups, regulators, financial institutions, and investors together.
  • Consumer Protection: Ensures risks are identified and mitigated before market entry.
  • Regulatory Experimentation: Tests and refines regulatory frameworks alongside innovative technologies.