Functions of the Financial Supervisory Authority

The General Authority for Financial Supervision According to Article 4 of the Presidential Decree No. 193 of 2009 issuing the articles of association of the General Authority for Financial Supervision, it is concerned with regulating non-bank financial markets and instruments, in particular:
• License to engage in non-banking financial activities.
• Inspect the entities that are licensed to work in non-banking financial activities and markets.
• Supervising the provision and dissemination of information related to non-banking financial markets.
• Monitoring the markets to ensure competition and transparency in the provision of non-bank financial services.
• Protection of the rights of dealers in non-bank financial markets and the balance between them.
• Take the necessary measures to limit manipulation and fraud in the non-banking financial markets, taking into consideration the commercial risks involved in dealing in them.
• Supervising the training of workers in the non-banking financial markets and raising their efficiency.
• Cooperating and coordinating with non-banking financial control bodies abroad, in a way that contributes to developing control methods and systems and raising their efficiency and provisions.
• Communication, cooperation and coordination with associations and organizations that gather or organize the work of financial control bodies in the world in a manner that raises the efficiency of the authority and advances its competencies in accordance with international best practices.
• Contribute to the dissemination of culture and financial and investment awareness.


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