Financial Authority Requires Monthly Data Submissions
The General Authority for Financial Supervision, headed by Dr. Islam Ezzam, directed all non-banking financing companies and entities to synchronize their monthly activity data on the Authority's platform within 15 days of the start of each month. This aims to provide information on non-banking financing activities from the beginning to the end of each month. The platform was open from October 12 to October 29, 2026, for data submission and review, with the goal of enhancing supervisory capabilities and improving data accuracy. This allows for more effective risk monitoring and performance analysis. Additionally, the Authority issued a previous decision requiring consumer finance companies to provide the necessary technological data to connect their databases with the Authority’s platform, thereby promoting transparency and data efficiency in the market.
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