Egypt's Financial Regulatory Authority, led by Dr. Islam Azzam, has issued a decision requiring companies and entities under its supervision to register in the "Bredi" e-mail service and activate their accounts to receive correspondence from the Authority. This move aims to enhance the regulatory environment and keep pace with rapid technological advancements.
The decision, numbered 2872 of 2026, implements a cooperation protocol between the Financial Regulatory Authority and the National Postal Authority to digitize official notifications and correspondence between the Authority and supervised entities. The requirement only applies to entities, not individuals, under the Authority's supervision.
The "Bredi" service is a free, registered e-mail service that provides a secure and documented channel for official correspondence. The Authority will consider correspondence and notifications sent through this service as official and valid. Dr. Azzam emphasized that developing the non-banking financial sector requires updating regulatory tools and leveraging technology to enhance oversight efficiency.
The decision represents a practical step towards improving communication and official notifications between the Authority and supervised entities, shifting from paper-based correspondence to secure digital channels. This move is expected to increase the efficiency of regulatory procedures and reduce costs.
Regulated entities have three months to register and activate their accounts in the "Bredi" service. They are also required to maintain their accounts and update their data as needed to ensure continuous communication with the Authority.
The registration process involves designating a primary contact person and authorized individuals, providing required data and documents, and completing verification procedures. The Authority will coordinate with the National Postal Authority to determine technical procedures and controls for the service.
Dr. Azzam stressed that the Authority is committed to developing its regulatory and technological capabilities to keep pace with sector developments. The decision is part of a broader effort to enhance the regulatory environment and improve the quality of data and information available to regulatory bodies.
Key points
- Regulated entities in Egypt must register in the "Bredi" e-mail service to receive official correspondence from the Financial Regulatory Authority.
- The decision aims to enhance the regulatory environment and improve communication between the Authority and supervised entities.
- The "Bredi" service provides a secure and documented channel for official correspondence between the Authority and regulated entities.
