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Egyptian Finance Ministry Defines Expert Registration Rules
The Egyptian Ministry of Finance has issued a decision outlining the conditions and procedures for registering experts and appraisers within the Restored Assets Management Authority, with the aim of strengthening professional standards and transparency in asset valuation and protection. The criteria for legal entities (such as Egyptian joint-stock or limited liability companies) include adherence to integrity and independence principles, along with the appointment of specialized experts. For individuals, the requirements include Egyptian nationality, a minimum of 10 years of experience, and no criminal or financial records that would impact their integrity. The ministry will also announce the submission deadlines and procedures, coordinating with relevant authorities to ensure compliance with the conditions. It is clarified that registration with one authority does not automatically result in inclusion in the authority’s register. The decision aims to improve the management of recovered assets and enhance standards of efficiency and governance.
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