Egypt - Ekhbary News Agency
MP Mostafa Bakry, a member of the House of Representatives, has vehemently criticized the government's recent proposal regarding the Competition Protection and Anti-Monopoly Practices Law. During a parliamentary session, Bakry warned that the proposed provisions grant the Financial Regulatory Authority (FRA) broad power to impose massive financial penalties on non-banking financial sector employees without clear judicial standards. He argued that this places the FRA in a position of being both "adversary and judge," thereby hindering efforts to attract investment.
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